Lightwave Logic (NASDAQ:LWLG) Trading 6.3% Higher - Time to Buy?

Key Points

• Lightwave Logic's stock price increased by 6.3% to $3.92, despite a 52% drop in trading volume compared to its average session.
• Wall Street Zen upgraded Lightwave Logic's rating from "sell" to "hold", indicating a potential positive shift in investor sentiment.
• The company reported a negative earnings per share of ($0.05) and a minimal revenue of $0.03 million, reflecting significant financial challenges with a net margin of -22,321.05%.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report)'s stock price traded up 6.3% on Friday . The company traded as high as $3.95 and last traded at $3.92. 612,858 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 1,279,488 shares. The stock had previously closed at $3.69.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Lightwave Logic from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.

Lightwave Logic Price Performance

The firm has a market capitalization of $558.53 million, a P/E ratio of -23.86 and a beta of 2.61. The firm's fifty day moving average price is $2.54 and its 200-day moving average price is $1.59.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. The business had revenue of $0.03 million for the quarter. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 66.64%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of Lightwave Logic during the 4th quarter worth about $32,000. Ameriprise Financial Inc. acquired a new stake in shares of Lightwave Logic during the 4th quarter worth approximately $35,000. WINTON GROUP Ltd acquired a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $39,000. Hudson Bay Capital Management LP acquired a new position in Lightwave Logic during the second quarter valued at approximately $40,000. Finally, Truist Financial Corp acquired a new position in Lightwave Logic during the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 27.04% of the company's stock.

About Lightwave Logic

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.

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