Lightwave Logic (NASDAQ:LWLG) Posts Earnings Results, Meets Estimates

Lightwave Logic (NASDAQ:LWLG) released its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05), FiscalAI reports. Lightwave Logic had a negative return on equity of 30.34% and a negative net margin of 9,143.60%. The business had revenue of $0.04 million during the quarter, compared to the consensus estimate of $0.03 million.

Lightwave Logic Stock Down 5.3%

Shares of LWLG opened at $3.21 on Friday. The stock’s fifty day simple moving average is $4.73 and its 200 day simple moving average is $7.27. Lightwave Logic has a twelve month low of $2.84 and a twelve month high of $18.71.

Analyst Ratings Changes

A number of brokerages recently commented on LWLG. Wall Street Zen cut shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th. Zacks Research upgraded shares of Lightwave Logic to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, October 15th. Finally, Freedom Broker began coverage on shares of Lightwave Logic in a report on Thursday, September 17th. They issued a “buy” rating and a $10.00 price target on the stock. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.00.

Lightwave Logic Company Profile

Lightwave Logic, Inc. develops electro-optic polymer materials and photonic devices. Its technology is designed to convert electrical signals into optical signals and back, supporting the transmission of data through optical networks. The company’s work centers on polymer-based optical modulators, including materials marketed under the Perkinamine name. Lightwave Logic is developing these devices for potential use in telecommunications, data centers and other applications that require high-speed optical communications, including systems that combine polymer technology with silicon photonics.