Lightwave Logic (NASDAQ:LWLG) Reaches New 12-Month High – Still a Buy?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price reached a new 52-week high on Thursday . The stock traded as high as $7.39 and last traded at $6.8710, with a volume of 13729734 shares traded. The stock had previously closed at $5.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Lightwave Logic Trading Up 7.5%

The business’s fifty day moving average is $4.12 and its 200 day moving average is $4.14. The company has a market cap of $1.02 billion, a P/E ratio of -42.28 and a beta of 3.02.

Insider Buying and Selling at Lightwave Logic

In other news, Director Laila Partridge sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at $237,942.36. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Siraj Nour El-Ahmadi sold 25,591 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total value of $89,056.68. Following the transaction, the director owned 123,944 shares of the company’s stock, valued at $431,325.12. The trade was a 17.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

Several institutional investors have recently added to or reduced their stakes in LWLG. Farther Finance Advisors LLC boosted its position in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic in the third quarter valued at approximately $38,000. Bernardo Wealth Planning LLC bought a new stake in shares of Lightwave Logic in the fourth quarter valued at approximately $33,000. Kathmere Capital Management LLC purchased a new stake in shares of Lightwave Logic during the 4th quarter valued at approximately $33,000. Finally, Dakota Wealth Management purchased a new stake in shares of Lightwave Logic during the 4th quarter valued at approximately $36,000. 27.04% of the stock is 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.