Lightwave Logic (NASDAQ:LWLG) Posts Earnings Results

Lightwave Logic (NASDAQ:LWLG) posted its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.The company had revenue of $0.03 million during the quarter.

Lightwave Logic Stock Performance

LWLG stock traded up $0.28 during midday trading on Friday, hitting $7.57. 2,626,608 shares of the company’s stock were exchanged, compared to its average volume of 3,245,150. The stock’s fifty day moving average price is $7.75 and its 200-day moving average price is $8.27. Lightwave Logic has a one year low of $1.99 and a one year high of $18.71. The company has a market cap of $1.17 billion, a PE ratio of -44.53 and a beta of 2.48.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Lightwave Logic

Several large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in shares of Lightwave Logic by 50.1% during 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 period. Sherbrooke Park Advisers LLC acquired a new position in Lightwave Logic in the 3rd quarter worth $38,000. WINTON GROUP Ltd bought a new position in Lightwave Logic during the 2nd quarter worth about $39,000. Hudson Bay Capital Management LP acquired a new position in shares of Lightwave Logic during the second quarter worth about $40,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Lightwave Logic by 42.6% during the second quarter. Tower Research Capital LLC TRC now owns 36,283 shares of the company’s stock worth $45,000 after buying an additional 10,839 shares during the period. Institutional investors 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.