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

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price reached a new 52-week high on Friday . The company traded as high as $15.30 and last traded at $15.8350, with a volume of 2156797 shares. The stock had previously closed at $13.72.

Wall Street Analyst Weigh In

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

Lightwave Logic Stock Performance

The company has a fifty day moving average price of $8.18 and a two-hundred day moving average price of $5.54. The company has a market cap of $2.54 billion, a P/E ratio of -99.44 and a beta of 2.75.

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

Insider Activity at Lightwave Logic

In other news, Director Ronald A. Bucchi sold 11,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was 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 of the company’s stock, valued at approximately $2,040,562.68. This represents a 3.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Craig Ciesla 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 $6.81, for a total transaction of $74,910.00. Following the completion of the transaction, the director directly owned 118,824 shares of the company’s stock, valued at $809,191.44. This represents a 8.47% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 116,536 shares of company stock worth $933,349. Insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

Several hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in 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 purchasing an additional 3,055 shares during the period. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic during the 4th quarter worth approximately $33,000. Bernardo Wealth Planning LLC acquired a new position in shares of Lightwave Logic during the 4th quarter worth approximately $33,000. Dakota Wealth Management bought a new stake in Lightwave Logic in the 4th quarter valued at $36,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Lightwave Logic in the 3rd quarter valued at $38,000. 27.04% of the stock is currently owned by institutional investors and hedge funds.

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.