Lightwave Logic (NASDAQ:LWLG) Trading 10.5% Higher – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price traded up 10.5% on Thursday . The company traded as high as $7.24 and last traded at $7.5590. 931,053 shares changed hands during trading, a decline of 74% from the average session volume of 3,514,850 shares. The stock had previously closed at $6.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lightwave Logic presently has a consensus rating of “Sell”.

Lightwave Logic Trading Up 10.0%

The stock has a 50-day moving average of $4.89 and a two-hundred day moving average of $4.51. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -44.30 and a beta of 3.02.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings data on Friday, March 20th. The company reported ($0.04) earnings per share (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 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 approximately $431,325.12. This represents a 17.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lightwave Logic

Several institutional investors and hedge funds have recently added to or reduced their stakes in LWLG. Vanguard Group Inc. lifted its holdings 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 in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Lightwave Logic in the fourth quarter worth $5,508,000. Geode Capital Management LLC grew its holdings in shares of Lightwave Logic by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after buying an additional 120,454 shares in the last quarter. State Street Corp raised its position in Lightwave Logic by 177.8% during the fourth quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after buying an additional 1,019,881 shares during the period. Finally, Marshall Wace LLP lifted its stake in Lightwave Logic by 4,591.9% in the 4th quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock worth $3,285,000 after acquiring an additional 992,129 shares in the last quarter. 27.04% of the stock is currently 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.