Lightwave Logic (NASDAQ:LWLG) Stock Breaks Above 50-Day Moving Average - Time to Sell?

Key Points

• Lightwave Logic shares moved above their 50-day moving average, trading as high as $4.97 and last at $4.91, versus a 50-day average of $4.85. The 200-day average is $7.27.
• Analyst views are mixed, but the overall rating is Hold with a consensus price target of $10; ratings cited range from Buy to Sell/Strong Sell.
• The company reported a quarterly loss of $0.04 per share on just $0.03 million in revenue, and analysts expect a loss of $0.18 per share for the current fiscal year.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.85 and traded as high as $4.97. Lightwave Logic shares last traded at $4.91, with a volume of 3,845,121 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LWLG shares. Zacks Research raised shares of Lightwave Logic to a "hold" rating in a research report on Friday, October 2nd. Wall Street Zen downgraded Lightwave Logic from a "sell" rating to a "strong sell" rating in a research report on Sunday, September 6th. Freedom Broker began coverage on Lightwave Logic in a report on Thursday, September 17th. They set a "buy" rating and a $10.00 price target for the company. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Lightwave Logic in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Lightwave Logic presently has a consensus rating of "Hold" and a consensus price target of $10.00.

Lightwave Logic Trading Up 12.6%

The firm's 50 day simple moving average is $4.85 and its two-hundred day simple moving average is $7.27. The firm has a market cap of $756.97 million, a price-to-earnings ratio of -30.69 and a beta of 2.42.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative return on equity of 30.34% and a negative net margin of 9,143.60%. The business had revenue of $0.03 million for the quarter. As a group, equities research analysts anticipate that Lightwave Logic Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Lightwave Logic

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Lightwave Logic during the 2nd quarter worth about $116,413,000. Bank of New York Mellon Corp acquired a new stake in shares of Lightwave Logic in the second quarter valued at about $4,370,000. Algert Global LLC bought a new position in shares of Lightwave Logic during the second quarter worth about $2,753,000. Bleakley Financial Group LLC bought a new position in shares of Lightwave Logic during the first quarter worth about $1,739,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Lightwave Logic during the second quarter worth about $2,069,000. 27.04% of the stock is currently owned by institutional investors and hedge funds.

About Lightwave Logic

Lightwave Logic, Inc develops organic electro-optic polymer materials and photonic devices designed to improve the speed, efficiency, and scalability of optical data communications. Its technology is intended to convert electrical signals into optical signals for use in fiber-optic networks and other high-bandwidth applications.

The company's portfolio includes electro-optic polymer systems, chromophores, and polymer-based optical modulators. These technologies are designed for integration with photonic integrated circuits and semiconductor platforms and may support applications such as data centers, telecommunications networks, high-performance computing, artificial intelligence infrastructure, and optical computing.

Lightwave Logic was founded in 1991 and is headquartered in Englewood, Colorado.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.