Lightwave Logic (NASDAQ:LWLG) Reaches New 1-Year High – What’s Next?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price 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 traded. The stock had previously closed at $15.93.

Wall Street Analyst Weigh In

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

Lightwave Logic Stock Performance

The firm’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $6.10. The company has a market cap of $2.74 billion, a P/E ratio of -107.18 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The company 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 Buying and Selling

In other news, Director Thomas M. Connelly, Jr. sold 9,000 shares of Lightwave Logic stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.52, for a total value of $76,680.00. Following the completion of the sale, the director owned 77,132 shares in the company, valued at $657,164.64. The trade was a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of Lightwave Logic stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total transaction of $423,199.36. Following the completion of the sale, the director owned 97,168 shares of the company’s stock, valued at $754,023.68. This represents a 35.95% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 116,536 shares of company stock worth $933,349 over the last ninety days. 2.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lightwave Logic

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after buying an additional 3,055 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of Lightwave Logic in the 4th quarter worth about $33,000. Bernardo Wealth Planning LLC purchased a new position in shares of Lightwave Logic in the 4th quarter worth about $33,000. Dakota Wealth Management purchased a new position in shares of Lightwave Logic in the 4th quarter worth about $36,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Lightwave Logic during the third quarter valued at about $38,000. 27.04% of the stock is owned by hedge funds and other institutional investors.

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.