Lightwave Logic (NASDAQ:LWLG) Reaches New 1-Year High – Time to Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.87 and last traded at $11.8880, with a volume of 3622237 shares trading hands. The stock had previously closed at $10.60.

Analyst Upgrades and Downgrades

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

Lightwave Logic Stock Performance

The business’s fifty day moving average price is $5.89 and its two-hundred day moving average price is $4.85. The stock has a market capitalization of $1.84 billion, a P/E ratio of -71.88 and a beta of 2.75.

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

Insider Transactions at Lightwave Logic

In other news, Director Craig Ciesla sold 11,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $6.81, for a total value of $74,910.00. Following the sale, the director directly owned 118,824 shares in the company, valued at $809,191.44. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $8.52, for a total transaction of $76,680.00. Following the completion of the sale, the director owned 77,132 shares in the company, valued at approximately $657,164.64. This trade represents a 10.45% 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. Over the last 90 days, insiders sold 142,127 shares of company stock worth $1,022,406. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Lightwave Logic

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in shares of Lightwave Logic during the 4th quarter worth about $653,000. Twinbeech Capital LP purchased a new position in shares of Lightwave Logic during the 4th quarter worth about $75,000. Engineers Gate Manager LP purchased a new position in shares of Lightwave Logic during the 4th quarter worth about $93,000. Balyasny Asset Management L.P. boosted its stake in shares of Lightwave Logic by 254.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 69,352 shares of the company’s stock worth $225,000 after purchasing an additional 49,791 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Lightwave Logic by 102.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 34,391 shares of the company’s stock worth $111,000 after purchasing an additional 17,391 shares during the period. 27.04% of the stock is currently owned by institutional investors.

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.