Lightwave Logic (NASDAQ:LWLG) Releases Quarterly Earnings Results

Lightwave Logic (NASDAQ:LWLG) announced its earnings results 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 46.11% and a negative net margin of 8,571.31%.The company had revenue of $0.03 million for the quarter.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock opened at $13.65 on Friday. The firm has a market capitalization of $2.06 billion, a PE ratio of -80.29 and a beta of 3.22. The company’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $6.23. Lightwave Logic has a 52-week low of $0.92 and a 52-week high of $18.71.

Insider Activity at Lightwave Logic

In other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total transaction of $423,199.36. Following the completion of the transaction, the director owned 97,168 shares in the company, valued at $754,023.68. This trade represents a 35.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Craig Ciesla sold 11,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.81, for a total value of $74,910.00. Following the sale, the director directly owned 118,824 shares in the company, valued at $809,191.44. The trade was 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. Insiders sold 116,536 shares of company stock worth $933,349 in the last ninety days. Company insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Lightwave Logic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after buying an additional 3,055 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Lightwave Logic during the third quarter worth $38,000. Bernardo Wealth Planning LLC bought a new position in shares of Lightwave Logic during the fourth quarter valued at $33,000. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic during the fourth quarter valued at $33,000. Finally, Brandywine Oak Private Wealth LLC acquired a new stake in shares of Lightwave Logic in the 1st quarter valued at $76,000. Institutional investors own 27.04% of the company’s stock.

Wall Street Analyst Weigh In

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

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.