Lightwave Logic (NASDAQ:LWLG) Reaches New 1-Year High – Still a Buy?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $7.39 and last traded at $6.8710, with a volume of 13729734 shares trading hands. The stock had previously closed at $5.02.

Wall Street Analyst Weigh In

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

Lightwave Logic Stock Up 37.3%

The stock has a market capitalization of $921.63 million, a PE ratio of -38.21 and a beta of 3.02. The firm has a 50 day moving average price of $3.97 and a 200-day moving average price of $4.08.

Insider Activity at Lightwave Logic

In other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the company’s stock in a transaction 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 directly owned 123,944 shares of the company’s stock, valued at approximately $431,325.12. This represents a 17.11% decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total value of $37,200.00. Following the sale, the director directly owned 63,963 shares in the company, valued at $237,942.36. This represents a 13.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Lightwave Logic

Several institutional investors and hedge funds have recently modified their holdings of LWLG. Farther Finance Advisors LLC grew its holdings in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after acquiring an additional 3,055 shares during the period. Jefferies Financial Group Inc. lifted its holdings in Lightwave Logic by 11.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after acquiring an additional 3,865 shares during the period. Greenspring Advisors LLC lifted its holdings in Lightwave Logic by 7.5% in the fourth quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock valued at $232,000 after acquiring an additional 5,000 shares during the period. Osaic Holdings Inc. boosted its position in Lightwave Logic by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after purchasing an additional 7,282 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Lightwave Logic by 1.0% during the 4th quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock worth $2,525,000 after purchasing an additional 7,870 shares during the period. Institutional investors and hedge funds 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.