Lightwave Logic (NASDAQ:LWLG) Reaches New 1-Year High – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLGGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.71 and last traded at $18.22, with a volume of 12461455 shares trading hands. The stock had previously closed at $15.93.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on LWLG

Lightwave Logic Stock Down 8.6%

The firm’s 50-day moving average price is $10.23 and its 200-day moving average price is $6.23. The company has a market cap of $2.06 billion, a P/E ratio of -80.29 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLGGet Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%. The business had revenue of $0.03 million during the quarter.

Insider Activity at Lightwave Logic

In related news, Director Ronald A. Bucchi sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total transaction of $76,120.00. Following the sale, the director owned 294,879 shares of the company’s stock, valued at approximately $2,040,562.68. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Craig Ciesla sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total transaction of $74,910.00. Following the sale, the director directly owned 118,824 shares in the company, valued at $809,191.44. This trade represents a 8.47% decrease in their position. 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. Insiders have sold 116,536 shares of company stock valued at $933,349 in the last quarter. 2.21% of the stock is currently owned by company insiders.

Institutional Trading of Lightwave Logic

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Lightwave Logic during the 4th quarter worth approximately $428,000. Clearwave Capital LLC bought a new stake in Lightwave Logic during the 1st quarter worth approximately $95,000. BIP Wealth LLC bought a new stake in Lightwave Logic during the 1st quarter worth approximately $196,000. Cannon Global Investment Management LLC bought a new stake in Lightwave Logic during the 1st quarter worth approximately $387,000. Finally, Brandywine Oak Private Wealth LLC bought a new stake in Lightwave Logic during the 1st quarter worth approximately $76,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Company Profile

(Get Free Report)

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.

Further Reading

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