Lightwave Logic (NASDAQ:LWLG) Trading Up 8.3% – Should You Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) was up 8.3% on Thursday . The stock traded as high as $12.55 and last traded at $12.6630. Approximately 1,756,571 shares traded hands during trading, a decline of 69% from the average daily volume of 5,693,343 shares. The stock had previously closed at $11.69.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Lightwave Logic Price Performance

The firm has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $6.38. The firm has a market capitalization of $2.01 billion, a P/E ratio of -77.07 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.The company had revenue of $0.03 million during the quarter.

Insider Transactions at Lightwave Logic

In other news, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total value of $76,120.00. Following the completion of the transaction, the director directly owned 294,879 shares of the company’s stock, valued at $2,040,562.68. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total value of $423,199.36. Following the completion of the transaction, the director directly owned 97,168 shares of the company’s stock, valued at $754,023.68. The trade was a 35.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 116,536 shares of company stock valued at $933,349. 2.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lightwave Logic

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Lightwave Logic by 50.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after acquiring an additional 3,055 shares during the period. Kathmere Capital Management LLC purchased a new stake in shares of Lightwave Logic in the fourth quarter worth $33,000. Bernardo Wealth Planning LLC purchased a new stake in shares of Lightwave Logic in the fourth quarter worth $33,000. Dakota Wealth Management purchased a new stake in shares of Lightwave Logic in the fourth quarter worth $36,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Lightwave Logic in the third quarter worth $38,000. 27.04% of the stock is owned by institutional investors.

About Lightwave Logic

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.