Lightwave Logic (NASDAQ:LWLG) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.85 and traded as high as $4.97. Lightwave Logic shares last traded at $4.91, with a volume of 3,845,121 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LWLG. Freedom Broker initiated coverage on shares of Lightwave Logic in a research note on Thursday, September 17th. They issued a “buy” rating and a $10.00 price objective on the stock. Zacks Research raised shares of Lightwave Logic to a “hold” rating in a research note on Friday, October 2nd. Wall Street Zen lowered shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lightwave Logic presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Lightwave Logic Trading Up 12.6%

The firm has a 50-day moving average of $4.85 and a 200 day moving average of $7.27. The company has a market cap of $756.97 million, a P/E ratio of -30.69 and a beta of 2.42.

Lightwave Logic (NASDAQ:LWLG) last issued its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative return on equity of 30.34% and a negative net margin of 9,143.60%. On average, equities analysts predict that Lightwave Logic Inc. will post -0.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LWLG. BlackRock Inc. bought a new position in shares of Lightwave Logic during the 2nd quarter worth about $116,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Lightwave Logic in the 2nd quarter valued at about $2,069,000. Legal & General Group Plc bought a new stake in Lightwave Logic in the 2nd quarter valued at about $1,292,000. Bank of New York Mellon Corp bought a new stake in Lightwave Logic in the 2nd quarter valued at about $4,370,000. Finally, Bleakley Financial Group LLC acquired a new position in Lightwave Logic during the 1st quarter worth approximately $1,739,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Company Profile

Lightwave Logic, Inc develops organic electro-optic polymer materials and photonic devices designed to improve the speed, efficiency, and scalability of optical data communications. Its technology is intended to convert electrical signals into optical signals for use in fiber-optic networks and other high-bandwidth applications.

The company’s portfolio includes electro-optic polymer systems, chromophores, and polymer-based optical modulators. These technologies are designed for integration with photonic integrated circuits and semiconductor platforms and may support applications such as data centers, telecommunications networks, high-performance computing, artificial intelligence infrastructure, and optical computing.

Lightwave Logic was founded in 1991 and is headquartered in Englewood, Colorado.