Lightwave Logic (NASDAQ:LWLG) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Lightwave Logic (NASDAQ:LWLG) released its quarterly earnings data on Friday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01), FiscalAI reports. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%. The firm had revenue of $0.04 million during the quarter, compared to the consensus estimate of $0.03 million.

Lightwave Logic Stock Performance

LWLG traded down $0.18 on Friday, hitting $3.21. The company had a trading volume of 4,855,282 shares, compared to its average volume of 4,708,908. The stock has a fifty day moving average price of $4.77 and a 200-day moving average price of $7.27. Lightwave Logic has a 12-month low of $2.84 and a 12-month high of $18.71. The stock has a market capitalization of $494.89 million, a price-to-earnings ratio of -20.06 and a beta of 2.42.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, October 15th. Zacks Research raised shares of Lightwave Logic to a “hold” rating in a research report on Friday, October 2nd. Finally, Freedom Broker initiated coverage on shares of Lightwave Logic in a research note on Thursday, September 17th. They set a “buy” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lightwave Logic currently has a consensus 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.