Lightwave Logic (NASDAQ:LWLG) Stock Price Up 9.2% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price traded up 9.2% during trading on Monday . The stock traded as high as $7.44 and last traded at $7.39. 1,692,016 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 3,259,741 shares. The stock had previously closed at $6.77.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, According to MarketBeat, the company currently has an average rating of “Sell”.

Lightwave Logic Stock Down 0.7%

The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -43.24 and a beta of 3.02. The business’s 50-day moving average is $4.55 and its two-hundred day moving average is $4.34.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.16 million during the quarter. Lightwave Logic had a negative return on equity of 46.11% and a negative net margin of 8,571.31%.

Insider Buying and Selling at Lightwave Logic

In related news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were 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 approximately $431,325.12. This trade 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 is accessible through this link. Also, Director Laila Partridge sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total transaction of $37,200.00. Following the completion of the transaction, the director owned 63,963 shares in the company, valued at $237,942.36. The trade was a 13.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by corporate insiders.

Institutional Trading of Lightwave Logic

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Lightwave Logic in the fourth quarter valued at approximately $653,000. Twinbeech Capital LP purchased a new position in shares of Lightwave Logic during the 4th quarter worth $75,000. Engineers Gate Manager LP acquired a new stake in shares of Lightwave Logic during the 4th quarter worth about $93,000. Balyasny Asset Management L.P. increased its position in shares of Lightwave Logic by 254.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 69,352 shares of the company’s stock worth $225,000 after purchasing an additional 49,791 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Lightwave Logic by 102.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 34,391 shares of the company’s stock valued at $111,000 after buying an additional 17,391 shares during the period. Hedge funds and other institutional investors 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.