Lightwave Logic (NASDAQ:LWLG) Shares Gap Up – Time to Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) shares gapped up prior to trading on Monday . The stock had previously closed at $10.14, but opened at $10.87. Lightwave Logic shares last traded at $10.08, with a volume of 880,848 shares changing hands.

Analyst Ratings Changes

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

Lightwave Logic Price Performance

The firm has a market cap of $1.45 billion, a PE ratio of -55.35 and a beta of 3.05. The business’s 50 day moving average price is $11.97 and its 200 day moving average price is $7.03.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.

Insider Buying and Selling at Lightwave Logic

In other news, Director Thomas M. Connelly, Jr. sold 9,000 shares of the business’s 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 owned 77,132 shares of the company’s stock, valued at $657,164.64. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ronald A. Bucchi sold 11,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total transaction of $76,120.00. Following the sale, the director directly owned 294,879 shares of the company’s stock, valued at $2,040,562.68. This represents a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 116,881 shares of company stock valued at $937,286. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Lightwave Logic

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Lightwave Logic by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after acquiring an additional 296,908 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Lightwave Logic during the 4th quarter valued at about $5,508,000. Geode Capital Management LLC grew its stake in Lightwave Logic by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after acquiring an additional 120,454 shares in the last quarter. State Street Corp grew its stake in Lightwave Logic by 177.8% during the 4th quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after acquiring an additional 1,019,881 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Lightwave Logic by 4,591.9% during the 4th quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock valued at $3,285,000 after acquiring an additional 992,129 shares in the last quarter. 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.