Lightwave Logic (NASDAQ:LWLG) Trading Up 10.5% – Still a Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) traded up 10.5% during trading on Thursday . The company traded as high as $7.24 and last traded at $7.5590. 931,053 shares were traded during trading, a decline of 74% from the average session volume of 3,514,850 shares. The stock had previously closed at $6.84.

Wall Street Analyst Weigh In

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

Lightwave Logic Trading Up 10.0%

The firm’s fifty day moving average price is $4.89 and its 200 day moving average price is $4.51. The firm has a market capitalization of $1.12 billion, a PE ratio of -44.30 and a beta of 3.02.

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 firm had revenue of $0.16 million for the quarter. Lightwave Logic had a negative return on equity of 46.11% and a negative net margin of 8,571.31%.

Insider Activity

In other news, Director Siraj Nour El-Ahmadi sold 25,591 shares of Lightwave Logic stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total transaction of $89,056.68. Following the completion of the sale, the director directly owned 123,944 shares in the company, valued at $431,325.12. The trade was a 17.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lightwave Logic

A number of hedge funds have recently added to or reduced their stakes in LWLG. Farther Finance Advisors LLC raised its position in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after acquiring an additional 3,055 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in Lightwave Logic in the fourth quarter worth approximately $33,000. Bernardo Wealth Planning LLC acquired a new position in shares of Lightwave Logic during the 4th quarter worth $33,000. Dakota Wealth Management acquired a new position in shares of Lightwave Logic during the 4th quarter worth $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Lightwave Logic during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

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.