Lightwave Logic (NASDAQ:LWLG) Reaches New 1-Year High – What’s Next?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.71 and last traded at $18.22, with a volume of 12461455 shares traded. The stock had previously closed at $15.93.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Lightwave Logic Stock Up 14.4%

The business’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $6.10. The firm has a market capitalization of $2.74 billion, a P/E ratio of -107.18 and a beta of 3.22.

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

Insider Buying and Selling at Lightwave Logic

In other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total transaction of $423,199.36. Following the transaction, the director directly owned 97,168 shares in the company, valued at $754,023.68. This trade represents a 35.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Snizhana P. Quan sold 20,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $10.36, for a total transaction of $207,200.00. Following the transaction, the insider owned 51,125 shares in the company, valued at $529,655. The trade was a 28.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 116,536 shares of company stock valued at $933,349. 2.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 last quarter. Alyeska Investment Group L.P. bought a new position in shares of Lightwave Logic in the fourth quarter worth approximately $5,508,000. Geode Capital Management LLC grew its holdings in shares of Lightwave Logic by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock worth $5,493,000 after purchasing an additional 120,454 shares during the last quarter. State Street Corp grew its holdings in shares of Lightwave Logic by 177.8% in the fourth quarter. State Street Corp now owns 1,593,600 shares of the company’s stock worth $5,163,000 after purchasing an additional 1,019,881 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Lightwave Logic by 4,591.9% in the fourth quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock worth $3,285,000 after purchasing an additional 992,129 shares during the last quarter. 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.