Lightwave Logic (NASDAQ:LWLG) Trading 9.1% Higher – Still a Buy?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price rose 9.1% during mid-day trading on Wednesday . The stock traded as high as $17.37 and last traded at $17.38. Approximately 2,748,573 shares traded hands during trading, a decline of 49% from the average daily volume of 5,418,719 shares. The stock had previously closed at $15.93.

Wall Street Analysts Forecast Growth

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

Lightwave Logic Trading Up 15.4%

The company has a market cap of $2.77 billion, a price-to-earnings ratio of -108.35 and a beta of 3.22. The company’s 50 day moving average price is $9.62 and its 200 day moving average price is $6.01.

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

Insider Buying and Selling

In other news, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total value of $76,120.00. Following the completion of the sale, the director owned 294,879 shares in the company, valued at approximately $2,040,562.68. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Ciesla sold 11,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 118,824 shares of the company’s stock, 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. In the last three months, insiders have sold 116,536 shares of company stock worth $933,349. 2.21% of the stock is currently owned by insiders.

Institutional Trading of Lightwave Logic

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Lightwave Logic by 3.4% in the third quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after purchasing an additional 296,908 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Lightwave Logic in the fourth quarter valued at about $5,508,000. Geode Capital Management LLC lifted its stake 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 period. State Street Corp lifted its stake 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 lifted its stake 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. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Company Profile

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.