Lightwave Logic (NASDAQ:LWLG) Trading 17.1% Higher – Here’s What Happened

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) shot up 17.1% during trading on Friday . The stock traded as high as $3.78 and last traded at $3.7950. 1,763,366 shares changed hands during trading, a decline of 6% from the average session volume of 1,875,140 shares. The stock had previously closed at $3.24.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightwave Logic has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The firm has a market capitalization of $489.56 million, a P/E ratio of -20.33 and a beta of 2.85. The business’s 50-day moving average is $4.19 and its 200 day moving average is $3.35.

Lightwave Logic (NASDAQ:LWLG) last announced its earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.The business had revenue of $0.03 million for the quarter.

Institutional Trading of Lightwave Logic

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Lightwave Logic by 3.4% in the third quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock worth $33,845,000 after purchasing an additional 296,908 shares during the period. UBS Group AG grew its stake in Lightwave Logic by 34.1% during the third quarter. UBS Group AG now owns 593,959 shares of the company’s stock worth $2,204,000 after buying an additional 150,966 shares in the last quarter. Jane Street Group LLC increased its holdings in Lightwave Logic by 225.2% in the 2nd quarter. Jane Street Group LLC now owns 545,100 shares of the company’s stock valued at $676,000 after buying an additional 377,484 shares during the period. UMB Bank n.a. raised its position in shares of Lightwave Logic by 3.4% in the 3rd quarter. UMB Bank n.a. now owns 379,592 shares of the company’s stock valued at $1,408,000 after buying an additional 12,500 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $458,000. 27.04% of the stock is currently owned by institutional investors.

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.