Lightwave Logic (NASDAQ:LWLG) Stock Price Up 8.7% – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price was up 8.7% during trading on Wednesday . The stock traded as high as $8.22 and last traded at $8.22. 1,291,069 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 5,309,362 shares. The stock had previously closed at $7.56.

Wall Street Analysts Forecast Growth

LWLG has been the subject of a number of recent research reports. Wall Street Zen downgraded Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic presently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -47.94 and a beta of 2.49. The business has a fifty day moving average of $7.98 and a 200 day moving average of $8.22.

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

Institutional Trading of Lightwave Logic

Hedge funds and other institutional investors have recently modified their holdings of the business. Bleakley Financial Group LLC acquired a new position in Lightwave Logic during the 1st quarter worth about $1,739,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Lightwave Logic during the fourth quarter worth about $428,000. Bank of Nova Scotia purchased a new stake in Lightwave Logic during the first quarter worth about $281,000. Farther Finance Advisors LLC lifted its position in shares of 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 purchasing an additional 3,055 shares in the last quarter. Finally, Bernardo Wealth Planning LLC acquired a new stake in shares of Lightwave Logic during the fourth quarter worth about $33,000. 27.04% of the stock is owned by institutional investors and hedge funds.

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.