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

Lightwave Logic Inc. (NASDAQ:LWLG) shares gapped up prior to trading on Monday . The stock had previously closed at $7.89, but opened at $8.33. Lightwave Logic shares last traded at $8.2630, with a volume of 861,300 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Lightwave Logic Trading Up 9.8%

The stock has a market capitalization of $1.34 billion, a PE ratio of -50.77 and a beta of 3.06. The stock has a 50 day moving average price of $12.09 and a 200-day moving average price of $7.50.

Lightwave Logic (NASDAQ:LWLG) last posted its earnings results on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. The firm 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 other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the company’s 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 completion of the sale, the director directly owned 97,168 shares of the company’s stock, valued at approximately $754,023.68. This represents a 35.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Craig Ciesla sold 11,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total transaction of $74,910.00. Following the completion of the transaction, the director owned 118,824 shares in the company, valued at $809,191.44. The trade was a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 116,881 shares of company stock worth $937,286. 2.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lightwave Logic

A number of hedge funds have recently modified their holdings of LWLG. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Lightwave Logic during the 4th quarter valued at approximately $428,000. Farther Finance Advisors LLC raised its stake in Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after acquiring an additional 3,055 shares during the period. Bernardo Wealth Planning LLC purchased a new position in Lightwave Logic during the fourth quarter valued at approximately $33,000. Dakota Wealth Management bought a new position in shares of Lightwave Logic in the fourth quarter worth approximately $36,000. Finally, Kathmere Capital Management LLC purchased a new stake in shares of Lightwave Logic in the fourth quarter worth $33,000. 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.