Lightwave Logic (NASDAQ:LWLG) Shares Gap Up – Should You Buy?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) gapped up prior to trading on Tuesday . The stock had previously closed at $6.82, but opened at $7.93. Lightwave Logic shares last traded at $7.74, with a volume of 1,265,851 shares traded.

Wall Street Analysts Forecast Growth

LWLG has been the subject of a number of research reports. Wall Street Zen downgraded Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Lightwave Logic Price Performance

The stock has a market cap of $1.12 billion, a PE ratio of -42.76 and a beta of 2.48. The stock’s fifty day moving average is $8.29 and its 200-day moving average is $8.13.

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

Hedge Funds Weigh In On Lightwave Logic

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after acquiring an additional 3,055 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of Lightwave Logic in the third quarter valued at $38,000. Bernardo Wealth Planning LLC purchased a new stake in Lightwave Logic during the 4th quarter worth about $33,000. Brandywine Oak Private Wealth LLC purchased a new position in Lightwave Logic in the 1st quarter valued at about $76,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Lightwave Logic during the first quarter worth about $88,000. 27.04% of the stock is owned by hedge funds and other institutional investors.

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.