Lightwave Logic (NASDAQ:LWLG) Posts Earnings Results
by Doug Wharley · The Cerbat GemLightwave Logic (NASDAQ:LWLG – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%.
Lightwave Logic Trading Down 8.6%
Lightwave Logic stock traded down $1.28 during mid-day trading on Friday, hitting $13.65. The company’s stock had a trading volume of 7,858,678 shares, compared to its average volume of 10,565,022. The firm has a market capitalization of $2.06 billion, a PE ratio of -80.29 and a beta of 3.22. Lightwave Logic has a 1 year low of $0.92 and a 1 year high of $18.71. The stock’s fifty day moving average is $10.23 and its two-hundred day moving average is $6.23.
Insider Buying and Selling
In related news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total value of $423,199.36. Following the completion of the transaction, the director directly owned 97,168 shares in the company, valued at approximately $754,023.68. This represents a 35.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 stock was sold at an average price of $10.36, for a total value of $207,200.00. Following the completion of the transaction, the insider owned 51,125 shares of the company’s stock, 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. Insiders sold a total of 116,536 shares of company stock valued at $933,349 in the last ninety days. Company insiders own 2.21% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in LWLG. Envestnet Asset Management Inc. grew its position in Lightwave Logic by 159.4% in the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after acquiring an additional 35,000 shares during the period. XTX Topco Ltd grew its position in Lightwave Logic by 183.6% in the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock worth $70,000 after acquiring an additional 36,649 shares during the period. Marshall Wace LLP purchased a new position in Lightwave Logic in the second quarter worth approximately $458,000. Jump Financial LLC acquired a new position in Lightwave Logic during the second quarter worth $56,000. Finally, WINTON GROUP Ltd acquired a new position in Lightwave Logic during the second quarter worth $39,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Lightwave Logic
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.
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