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

Lightwave Logic Inc. (NASDAQ:LWLG) hit a new 52-week high during trading on Wednesday . The stock traded as high as $8.79 and last traded at $8.4760, with a volume of 4246181 shares trading hands. The stock had previously closed at $7.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note 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 stock has a market capitalization of $1.29 billion, a P/E ratio of -50.79 and a beta of 3.02. The company’s 50-day simple moving average is $4.55 and its 200-day simple moving average is $4.34.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.16 million during the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%.

Insider Activity

In other Lightwave Logic news, Director Laila Partridge sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at $237,942.36. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Siraj Nour El-Ahmadi sold 25,591 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total value of $89,056.68. Following the completion of the sale, the director owned 123,944 shares in the company, valued at $431,325.12. This represents a 17.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Lightwave Logic by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after acquiring an additional 296,908 shares during the period. Alyeska Investment Group L.P. bought a new position in Lightwave Logic during the fourth quarter worth $5,508,000. Geode Capital Management LLC increased its holdings in shares of Lightwave Logic by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after purchasing an additional 120,454 shares during the last quarter. State Street Corp raised its position in shares of Lightwave Logic by 177.8% in the fourth quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after purchasing an additional 1,019,881 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Lightwave Logic by 4,591.9% in the fourth quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock valued at $3,285,000 after purchasing an additional 992,129 shares during the period. 27.04% of the stock is owned by institutional investors and hedge funds.

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.