Lightwave Logic (NASDAQ:LWLG) Posts Earnings Results

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

Lightwave Logic Stock Up 3.8%

NASDAQ LWLG traded up $0.28 on Friday, hitting $7.57. The stock had a trading volume of 2,626,608 shares, compared to its average volume of 3,245,150. The company’s 50-day moving average is $7.75 and its two-hundred day moving average is $8.27. Lightwave Logic has a one year low of $1.99 and a one year high of $18.71. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -44.53 and a beta of 2.48.

Institutional Trading of Lightwave Logic

Several large investors have recently added to or reduced their stakes in LWLG. Invst LLC acquired a new position in shares of Lightwave Logic during the second quarter valued at $280,000. Jupiter Topco LLC bought a new position in Lightwave Logic in the 2nd quarter valued at about $621,000. Ancora Advisors LLC bought a new position in Lightwave Logic in the 2nd quarter valued at about $72,000. Canada Pension Plan Investment Board acquired a new position in Lightwave Logic during the 2nd quarter valued at about $517,000. Finally, Legal & General Group Plc bought a new stake in shares of Lightwave Logic during the 2nd quarter worth about $1,292,000. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LWLG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research report on Friday, July 17th. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic has a consensus rating of “Sell”.

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.