Lightwave Logic Inc. (NASDAQ:LWLG – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.82, but opened at $7.93. Lightwave Logic shares last traded at $7.74, with a volume of 1,265,851 shares changing hands.
Analyst Ratings Changes
Several research firms have recently weighed in on LWLG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. Wall Street Zen lowered shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightwave Logic currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Lightwave Logic
Lightwave Logic Stock Performance
Lightwave Logic (NASDAQ:LWLG – Get Free Report) last announced 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 business had revenue of $0.03 million for the quarter.
Institutional Investors Weigh In On Lightwave Logic
A number of hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake 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 last quarter. Bernardo Wealth Planning LLC bought a new stake in shares of Lightwave Logic during the fourth quarter valued at approximately $33,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Lightwave Logic in the third quarter valued at approximately $38,000. WINTON GROUP Ltd acquired a new stake in shares of Lightwave Logic in the second quarter valued at approximately $39,000. Finally, Hudson Bay Capital Management LP bought a new position in Lightwave Logic in the 2nd quarter worth approximately $40,000. Institutional investors own 27.04% of the company’s stock.
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.
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