Lightwave Logic (NASDAQ:LWLG) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.85 and traded as high as $4.97. Lightwave Logic shares last traded at $4.91, with a volume of 3,845,121 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Thursday, October 15th. Wall Street Zen lowered shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Freedom Broker started coverage on shares of Lightwave Logic in a research report on Thursday, September 17th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Zacks Research raised shares of Lightwave Logic to a “hold” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.00.

Lightwave Logic Trading Down 19.1%

The company has a market capitalization of $547.29 million, a PE ratio of -22.19 and a beta of 2.42. The firm has a fifty day moving average of $4.80 and a two-hundred day moving average of $7.27.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative return on equity of 30.34% and a negative net margin of 9,143.60%. The company had revenue of $0.03 million for the quarter. On average, equities analysts expect that Lightwave Logic Inc. will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in shares of Lightwave Logic in the third quarter worth $79,000. Allworth Financial LP boosted its position in Lightwave Logic by 461.0% during the 3rd quarter. Allworth Financial LP now owns 9,127 shares of the company’s stock valued at $46,000 after buying an additional 7,500 shares during the period. M Holdings Securities Inc. purchased a new stake in Lightwave Logic during the 3rd quarter valued at $259,000. StoneX Group Inc. bought a new stake in Lightwave Logic in the 3rd quarter worth $53,000. Finally, Commonwealth Equity Services LLC grew its holdings in Lightwave Logic by 53.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company’s stock worth $83,000 after acquiring an additional 5,762 shares during the last quarter. Institutional investors own 27.04% of the company’s stock.

About Lightwave Logic

Lightwave Logic, Inc. develops electro-optic polymer materials and photonic devices. Its technology is designed to convert electrical signals into optical signals and back, supporting the transmission of data through optical networks. The company’s work centers on polymer-based optical modulators, including materials marketed under the Perkinamine name. Lightwave Logic is developing these devices for potential use in telecommunications, data centers and other applications that require high-speed optical communications, including systems that combine polymer technology with silicon photonics.