Lightwave Logic (NASDAQ:LWLG) Trading Up 10.3% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price was up 10.3% during trading on Monday . The company traded as high as $4.88 and last traded at $4.8660. Approximately 1,324,051 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 1,858,662 shares. The stock had previously closed at $4.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The firm’s fifty day moving average price is $3.80 and its 200-day moving average price is $3.99. The company has a market cap of $749.06 million, a price-to-earnings ratio of -31.11 and a beta of 3.02.

Insider Activity

In other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total value of $89,056.68. Following the sale, the director owned 123,944 shares in the company, valued at approximately $431,325.12. This trade represents a 17.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laila Partridge sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total value of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at approximately $237,942.36. This represents a 13.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new position in Lightwave Logic in the 2nd quarter valued at about $340,000. Private Management Group Inc. acquired a new stake in shares of Lightwave Logic in the 2nd quarter worth approximately $138,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Lightwave Logic in the second quarter valued at approximately $71,000. Jain Global LLC bought a new position in shares of Lightwave Logic in the fourth quarter valued at approximately $185,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Lightwave Logic during the fourth quarter valued at approximately $185,000. 27.04% of the stock is owned by institutional investors and hedge funds.

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.