Lightwave Logic (NASDAQ:LWLG) Stock Price Up 8.3% – Should You Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) traded up 8.3% on Friday . The company traded as high as $6.54 and last traded at $6.54. Approximately 2,636,062 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 5,417,162 shares. The stock had previously closed at $6.04.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LWLG shares. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The stock has a fifty day moving average price of $8.58 and a two-hundred day moving average price of $8.05. The company has a market cap of $995.62 million, a P/E ratio of -38.00 and a beta of 2.40.

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 return on equity of 38.79% and a negative net margin of 9,019.34%.The business had revenue of $0.03 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Lightwave Logic by 177.3% during the first quarter. Bank of America Corp DE now owns 201,751 shares of the company’s stock valued at $1,418,000 after purchasing an additional 128,988 shares in the last quarter. Amundi acquired a new stake in Lightwave Logic in the first quarter worth about $281,000. Royal Bank of Canada grew its position in Lightwave Logic by 1,952.2% in the 1st quarter. Royal Bank of Canada now owns 25,652 shares of the company’s stock valued at $180,000 after buying an additional 24,402 shares in the last quarter. SummitTX Capital L.P. bought a new position in Lightwave Logic in the 1st quarter valued at about $115,000. Finally, Lazard Asset Management LLC acquired a new position in Lightwave Logic during the 1st quarter valued at about $88,000. 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.