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

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price rose 8.3% during mid-day trading on Friday . The stock traded as high as $6.54 and last traded at $6.54. Approximately 2,636,062 shares traded hands during trading, a decline of 51% from the average daily volume of 5,417,162 shares. The stock had previously closed at $6.04.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LWLG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Friday, July 17th. Wall Street Zen downgraded Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightwave Logic currently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The firm’s 50 day simple moving average is $8.70 and its 200-day simple moving average is $8.06. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -38.35 and a beta of 2.40.

Lightwave Logic (NASDAQ:LWLG) last posted its 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 firm had revenue of $0.03 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. 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 valued at $30,000 after acquiring an additional 3,055 shares during the period. Bernardo Wealth Planning LLC acquired a new position in shares of Lightwave Logic in the 4th quarter valued at $33,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Lightwave Logic in the 3rd quarter valued at $38,000. WINTON GROUP Ltd purchased a new stake in Lightwave Logic in the 2nd quarter valued at $39,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Lightwave Logic in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Company Profile

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.