Lightwave Logic (NASDAQ:LWLG) Sees Unusually-High Trading Volume – Time to Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) shares saw unusually-strong trading volume on Monday . Approximately 5,819,704 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 5,029,188 shares.The stock last traded at $16.6590 and had previously closed at $16.27.

Wall Street Analyst Weigh In

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

Lightwave Logic Price Performance

The stock has a 50 day moving average price of $8.18 and a 200-day moving average price of $5.54. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -95.46 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data 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 company had revenue of $0.16 million for the quarter.

Insider Activity

In related news, Director Laila Partridge sold 11,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.84, for a total transaction of $75,240.00. Following the transaction, the director owned 80,723 shares in the company, valued at approximately $552,145.32. This trade represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of Lightwave Logic stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total value of $423,199.36. Following the transaction, the director owned 97,168 shares in the company, valued at approximately $754,023.68. The trade was a 35.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $933,349 in the last 90 days. 2.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Lightwave Logic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LWLG. Farther Finance Advisors LLC raised its position in 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 purchasing an additional 3,055 shares during the period. Kathmere Capital Management LLC purchased a new stake in Lightwave Logic in the fourth quarter valued at $33,000. Bernardo Wealth Planning LLC purchased a new stake in Lightwave Logic in the fourth quarter valued at $33,000. Dakota Wealth Management purchased a new stake in Lightwave Logic in the fourth quarter valued at $36,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Lightwave Logic in the third quarter valued at $38,000. Hedge funds and other institutional investors 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.