Lightwave Logic (NASDAQ:LWLG) Sees Strong Trading Volume – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG) saw unusually-high trading volume on Monday . Approximately 5,819,704 shares were traded during trading, an increase of 16% from the previous session’s volume of 5,029,188 shares.The stock last traded at $16.6590 and had previously closed at $16.27.

Wall Street Analysts Forecast Growth

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

Lightwave Logic Trading Down 7.8%

The stock has a 50 day moving average of $8.68 and a 200-day moving average of $5.69. The company has a market capitalization of $2.32 billion, a P/E ratio of -90.65 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data 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 net margin of 8,571.31% and a negative return on equity of 46.11%.

Insiders Place Their Bets

In other news, Director Laila Partridge 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 $6.84, for a total transaction of $75,240.00. Following the completion of the transaction, the director directly owned 80,723 shares in the company, valued at approximately $552,145.32. This represents a 11.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total value of $423,199.36. Following the transaction, the director owned 97,168 shares of the company’s stock, valued at $754,023.68. This represents a 35.95% 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 a total of 116,536 shares of company stock worth $933,349 over the last ninety days. 2.21% of the stock is owned by company insiders.

Institutional Trading of Lightwave Logic

A number of institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Lightwave Logic by 50.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after buying an additional 3,055 shares during the last quarter. Jefferies Financial Group Inc. lifted its position in Lightwave Logic by 11.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock worth $126,000 after buying an additional 3,865 shares during the last quarter. Greenspring Advisors LLC lifted its position in Lightwave Logic by 7.5% in the fourth quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after buying an additional 5,000 shares during the last quarter. Osaic Holdings Inc. lifted its position in Lightwave Logic by 14.0% in the second 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 lifted its position in Lightwave Logic by 1.0% in the fourth quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock worth $2,525,000 after buying an additional 7,870 shares during the last quarter. 27.04% of the stock is currently owned by institutional investors.

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.