Lightwave Logic (NASDAQ:LWLG) Announces Quarterly Earnings Results

Lightwave Logic (NASDAQ:LWLG) announced its earnings results on Friday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01), FiscalAI reports. The firm had revenue of $0.04 million during the quarter, compared to the consensus estimate of $0.03 million. Lightwave Logic had a negative return on equity of 30.34% and a negative net margin of 9,143.60%.

Lightwave Logic Stock Performance

Shares of LWLG traded down $0.19 during mid-day trading on Friday, reaching $3.20. The company had a trading volume of 4,854,269 shares, compared to its average volume of 4,708,903. The company has a market capitalization of $493.34 million, a price-to-earnings ratio of -20.00 and a beta of 2.42. The firm has a 50-day moving average price of $4.77 and a 200 day moving average price of $7.27. Lightwave Logic has a 52 week low of $2.84 and a 52 week high of $18.71.

Wall Street Analyst Weigh In

LWLG has been the subject of several recent research reports. Zacks Research raised Lightwave Logic to a “hold” rating in a research report on Friday, October 2nd. Freedom Broker assumed coverage on shares of Lightwave Logic in a research report on Thursday, September 17th. They issued a “buy” rating and a $10.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Thursday, October 15th. Finally, Wall Street Zen cut shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lightwave Logic currently has an average rating of “Hold” and a consensus price target of $10.00.

Lightwave Logic Company Profile

Lightwave Logic, Inc. develops electro-optic polymer materials and photonic devices. Its technology is designed to convert electrical signals into optical signals and back, supporting the transmission of data through optical networks. The company’s work centers on polymer-based optical modulators, including materials marketed under the Perkinamine name. Lightwave Logic is developing these devices for potential use in telecommunications, data centers and other applications that require high-speed optical communications, including systems that combine polymer technology with silicon photonics.