Lightwave Logic (NASDAQ:LWLG) Trading Up 17.1% – What’s Next?
by Jessica Moore · The Cerbat GemLightwave Logic Inc. (NASDAQ:LWLG – Get Free Report)’s stock price was up 17.1% during trading on Friday . The company traded as high as $3.78 and last traded at $3.7950. Approximately 1,763,366 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 1,875,140 shares. The stock had previously closed at $3.24.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic presently has an average rating of “Sell”.
Check Out Our Latest Analysis on Lightwave Logic
Lightwave Logic Stock Performance
The company has a market cap of $494.24 million, a PE ratio of -20.56 and a beta of 2.85. The stock’s 50-day simple moving average is $4.21 and its 200 day simple moving average is $3.32.
Lightwave Logic (NASDAQ:LWLG – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.
Institutional Trading of Lightwave Logic
A number of institutional investors have recently modified their holdings of the business. Sherbrooke Park Advisers LLC bought a new position in Lightwave Logic during the 3rd quarter worth approximately $38,000. Bank of America Corp DE increased its holdings in Lightwave Logic by 89.8% in the third quarter. Bank of America Corp DE now owns 55,814 shares of the company’s stock worth $207,000 after buying an additional 26,413 shares during the last quarter. Credit Agricole S A bought a new stake in shares of Lightwave Logic during the 3rd quarter worth about $151,000. Virtu Financial LLC boosted its stake in shares of Lightwave Logic by 69.2% during the 3rd quarter. Virtu Financial LLC now owns 78,715 shares of the company’s stock worth $292,000 after acquiring an additional 32,199 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Lightwave Logic during the 3rd quarter valued at about $345,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.
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.