Lightwave Logic (NASDAQ:LWLG) Trading Up 9.5% – What’s Next?

Lightwave Logic Inc. (NASDAQ:LWLG) shares shot up 9.5% during mid-day trading on Tuesday . The stock traded as high as $6.45 and last traded at $6.5150. 795,222 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 5,542,586 shares. The stock had previously closed at $5.95.

Analysts Set New Price Targets

LWLG has been the subject of several research analyst reports. Wall Street Zen lowered shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightwave Logic presently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -39.82 and a beta of 2.40. The company’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $7.97.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%. The business had revenue of $0.03 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in shares of 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 acquiring an additional 3,055 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of Lightwave Logic by 11.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after purchasing an additional 3,865 shares during the last quarter. Greenspring Advisors LLC raised its stake in shares of Lightwave Logic by 7.5% during the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after purchasing an additional 5,000 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Lightwave Logic by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after buying an additional 7,282 shares during the last quarter. Finally, LPL Financial LLC grew its position in Lightwave Logic by 1.0% during the fourth quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock valued at $2,525,000 after buying an additional 7,870 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.