Lightwave Logic (NASDAQ:LWLG) Stock Price Up 5.6% – Should You Buy?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) shot up 5.6% on Wednesday. The company traded as high as $4.37 and last traded at $4.3950. Approximately 336,438 shares were traded during trading, a decline of 93% from the average session volume of 4,758,514 shares. The stock had previously closed at $4.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Lightwave Logic from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, October 15th. Freedom Broker initiated coverage on shares of Lightwave Logic in a research report on Thursday, September 17th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Zacks Research raised shares of Lightwave Logic to a “hold” rating in a research report on Friday, October 2nd. 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Lightwave Logic Price Performance

The company’s 50-day simple moving average is $5.27 and its 200-day simple moving average is $8.36. The stock has a market capitalization of $636.72 million, a price-to-earnings ratio of -25.81 and a beta of 2.40.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LWLG. Sterling Capital Management LLC raised its stake in Lightwave Logic by 841.8% in the 3rd quarter. Sterling Capital Management LLC now owns 5,321 shares of the company’s stock worth $27,000 after purchasing an additional 4,756 shares in the last quarter. Capstone Capital Management Ltd boosted its holdings in Lightwave Logic by 17.1% in the 3rd quarter. Capstone Capital Management Ltd now owns 206,247 shares of the company’s stock valued at $1,031,000 after purchasing an additional 30,085 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Lightwave Logic in the 2nd quarter valued at about $432,000. Engineers Gate Manager LP acquired a new position in shares of Lightwave Logic during the 2nd quarter worth approximately $136,000. Finally, Squarepoint Ops LLC grew its position in shares of Lightwave Logic by 5.7% during the 2nd quarter. Squarepoint Ops LLC now owns 200,704 shares of the company’s stock worth $1,899,000 after purchasing an additional 10,818 shares in the last quarter. 27.04% of the stock is owned by institutional investors and hedge funds.

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.