Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.39 and last traded at $6.8710, with a volume of 13729734 shares. The stock had previously closed at $5.02.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Lightwave Logic in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".
Check Out Our Latest Stock Report on Lightwave Logic
Lightwave Logic Price Performance
The company has a market capitalization of $921.63 million, a PE ratio of -38.21 and a beta of 3.02. The company's fifty day moving average is $3.97 and its 200-day moving average is $4.08.
Insider Buying and Selling at Lightwave Logic
In related news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the company's stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total transaction of $89,056.68. Following the completion of the sale, the director directly owned 123,944 shares in the company, valued at $431,325.12. This represents a 17.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laila Partridge sold 10,000 shares of Lightwave Logic stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total value of $37,200.00. Following the completion of the transaction, the director owned 63,963 shares in the company, valued at $237,942.36. This trade represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company's stock valued at $30,000 after acquiring an additional 3,055 shares during the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of Lightwave Logic by 11.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company's stock valued at $126,000 after purchasing an additional 3,865 shares during the last quarter. Greenspring Advisors LLC lifted its holdings in shares of Lightwave Logic by 7.5% during the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company's stock valued at $232,000 after purchasing an additional 5,000 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Lightwave Logic by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company's stock worth $74,000 after purchasing an additional 7,282 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Lightwave Logic by 1.0% in the 4th quarter. LPL Financial LLC now owns 779,226 shares of the company's stock worth $2,525,000 after purchasing an additional 7,870 shares in the last quarter. Institutional investors own 27.04% of the company's stock.
Lightwave Logic Company Profile
(
Get Free Report)
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.
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