Lightwave Logic (NASDAQ:LWLG) Sees Large Volume Increase – Time to Buy?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) saw strong trading volume on Friday . 2,280,017 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 3,646,923 shares.The stock last traded at $9.7080 and had previously closed at $8.44.

Wall Street Analysts Forecast Growth

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

Lightwave Logic Price Performance

The company has a market capitalization of $1.58 billion, a P/E ratio of -62.35 and a beta of 2.75. The company has a fifty day moving average price of $5.56 and a two-hundred day moving average price of $4.74.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings results on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.16 million for the quarter. Lightwave Logic had a negative return on equity of 46.11% and a negative net margin of 8,571.31%.

Insider Activity at Lightwave Logic

In other news, Director Ronald A. Bucchi sold 11,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total transaction of $76,120.00. Following the sale, the director directly owned 294,879 shares in the company, valued at approximately $2,040,562.68. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Craig Ciesla sold 11,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total value of $74,910.00. Following the sale, the director owned 118,824 shares in the company, valued at approximately $809,191.44. This trade represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 142,127 shares of company stock valued at $1,022,406. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Lightwave Logic

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Lightwave Logic by 3.4% in the third quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after acquiring an additional 296,908 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Lightwave Logic in the fourth quarter valued at approximately $5,508,000. Geode Capital Management LLC boosted its holdings in Lightwave Logic by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after acquiring an additional 120,454 shares during the last quarter. State Street Corp boosted its holdings in Lightwave Logic by 177.8% in the fourth quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after acquiring an additional 1,019,881 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Lightwave Logic by 4,591.9% in the fourth quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock valued at $3,285,000 after acquiring an additional 992,129 shares during the last quarter. 27.04% of the stock is currently owned by institutional investors.

Lightwave Logic Company Profile

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.