Lightwave Logic (NASDAQ:LWLG) Sees Unusually-High Trading Volume – Should You Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) shares saw unusually-strong trading volume on Friday . Approximately 4,135,393 shares traded hands during trading, an increase of 43% from the previous session’s volume of 2,889,028 shares.The stock last traded at $7.3330 and had previously closed at $7.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The company has a market capitalization of $1.02 billion, a PE ratio of -42.28 and a beta of 3.02. The firm’s fifty day simple moving average is $4.12 and its 200 day simple moving average is $4.15.

Insider Activity

In related news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total transaction of $89,056.68. Following the sale, the director directly owned 123,944 shares of the company’s stock, valued at $431,325.12. This trade represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laila Partridge sold 10,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total value of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at approximately $237,942.36. This represents a 13.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in shares of Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of Lightwave Logic in the 3rd quarter valued at $38,000. Bernardo Wealth Planning LLC purchased a new stake in Lightwave Logic during the fourth quarter worth $33,000. Kathmere Capital Management LLC purchased a new stake in Lightwave Logic during the fourth quarter worth $33,000. Finally, Dakota Wealth Management acquired a new stake in Lightwave Logic during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 27.04% of the company’s stock.

About Lightwave Logic

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.