Lightwave Logic (NASDAQ:LWLG) Shares Gap Up – Still a Buy?

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $10.14, but opened at $10.87. Lightwave Logic shares last traded at $10.08, with a volume of 880,848 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LWLG shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

The stock has a market capitalization of $1.58 billion, a PE ratio of -60.34 and a beta of 3.05. The stock’s 50 day moving average is $11.88 and its two-hundred day moving average is $6.96.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%.

Insider Transactions at Lightwave Logic

In related news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total value of $423,199.36. Following the transaction, the director directly owned 97,168 shares of the company’s stock, valued at approximately $754,023.68. This trade represents a 35.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Laila Partridge sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total transaction of $75,240.00. Following the completion of the transaction, the director directly owned 80,723 shares in the company, valued at $552,145.32. This represents a 11.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 116,881 shares of company stock worth $937,286 in the last three months. 2.21% of the stock is owned by corporate insiders.

Institutional Trading of Lightwave Logic

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Lightwave Logic by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after acquiring an additional 296,908 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Lightwave Logic in the 4th quarter valued at about $5,508,000. Geode Capital Management LLC raised its holdings in Lightwave Logic by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after acquiring an additional 120,454 shares during the last quarter. State Street Corp raised its holdings in Lightwave Logic by 177.8% in the 4th quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after acquiring an additional 1,019,881 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Lightwave Logic by 4,591.9% in the 4th quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock valued at $3,285,000 after acquiring an additional 992,129 shares during the last quarter. 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.