Lightwave Logic (NASDAQ:LWLG) Shares Gap Up – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $12.91, but opened at $13.75. Lightwave Logic shares last traded at $13.6130, with a volume of 3,572,705 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Lightwave Logic Stock Up 5.2%

The firm has a market cap of $2.05 billion, a PE ratio of -80.52 and a beta of 2.75. The company’s fifty day moving average price is $6.84 and its two-hundred day moving average price is $5.16.

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

Insiders Place Their Bets

In other news, Director Ronald A. Bucchi sold 11,000 shares of Lightwave Logic stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total value of $76,120.00. Following the sale, the director owned 294,879 shares of the company’s stock, valued at $2,040,562.68. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of Lightwave Logic stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $8.52, for a total transaction of $76,680.00. Following the completion of the sale, the director directly owned 77,132 shares in the company, valued at approximately $657,164.64. The trade was a 10.45% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 142,127 shares of company stock valued at $1,022,406. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Lightwave Logic

A number of institutional investors have recently added to or reduced their stakes in LWLG. Envestnet Asset Management Inc. boosted its holdings in Lightwave Logic by 159.4% during the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after buying an additional 35,000 shares in the last quarter. XTX Topco Ltd boosted its holdings in Lightwave Logic by 183.6% during the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock worth $70,000 after buying an additional 36,649 shares in the last quarter. Marshall Wace LLP purchased a new stake in Lightwave Logic during the second quarter worth about $458,000. Jump Financial LLC purchased a new stake in Lightwave Logic during the second quarter worth about $56,000. Finally, WINTON GROUP Ltd purchased a new stake in Lightwave Logic during the second quarter worth about $39,000. Hedge funds and other 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.