Lightwave Logic (NASDAQ:LWLG) Trading Up 13.8% – Should You Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) was up 13.8% during mid-day trading on Tuesday . The stock traded as high as $4.04 and last traded at $4.0180. Approximately 482,279 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,848,750 shares. The stock had previously closed at $3.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lightwave Logic Price Performance

The company has a market capitalization of $602.59 million, a price-to-earnings ratio of -24.97 and a beta of 3.02. The firm has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $3.91.

Insider Buying and Selling at Lightwave Logic

In other Lightwave Logic news, Director Laila Partridge sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total transaction of $37,200.00. Following the completion of the transaction, the director directly owned 63,963 shares in the company, valued at approximately $237,942.36. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Siraj Nour El-Ahmadi sold 25,591 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total transaction of $89,056.68. Following the transaction, the director directly owned 123,944 shares in the company, valued at approximately $431,325.12. The trade was a 17.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lightwave Logic

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position 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 in the last quarter. Jefferies Financial Group Inc. raised its stake in Lightwave Logic by 11.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after purchasing an additional 3,865 shares during the last quarter. Greenspring Advisors LLC lifted its holdings in Lightwave Logic by 7.5% in the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock valued at $232,000 after purchasing an additional 5,000 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Lightwave Logic by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock valued at $74,000 after purchasing an additional 7,282 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Lightwave Logic by 1.0% during the 4th quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock worth $2,525,000 after purchasing an additional 7,870 shares during the last quarter. Institutional investors and hedge funds 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.