Lightwave Logic (NASDAQ:LWLG) Stock Jumps 10.1% - What's Next?

Key Points

• Lightwave Logic shares rose 10.1% to about $4.53 in midday trading, though volume was 82% below the average session volume.
• Analyst sentiment remains mixed, producing a consensus “Hold” rating and an average price target of $10.00; ratings range from Buy to Strong Sell.
• The company continues to report weak financial results, including a quarterly loss of $0.04 per share, minimal revenue of $0.03 million, and negative profitability metrics. Institutional investors own approximately 27.04% of the stock.

Shares of Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) were up 10.1% during mid-day trading on Tuesday. The company traded as high as $4.50 and last traded at $4.5250. 837,340 shares were traded during trading, a decline of 82% from the average session volume of 4,726,990 shares. The stock had previously closed at $4.11.

Wall Street Analyst Weigh In

LWLG has been the subject of a number of research analyst reports. Zacks Research raised Lightwave Logic to a "hold" rating in a research report on Friday, October 2nd. Freedom Broker began coverage on shares of Lightwave Logic in a report on Thursday, September 17th. They issued a "buy" rating and a $10.00 price target for the company. Wall Street Zen downgraded shares of Lightwave Logic from a "sell" rating to a "strong sell" rating in a research report on Sunday, September 6th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Lightwave Logic in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lightwave Logic has a consensus rating of "Hold" and an average target price of $10.00.

Lightwave Logic Price Performance

The company's 50 day simple moving average is $5.18 and its 200 day simple moving average is $7.26. The firm has a market cap of $700.70 million, a price-to-earnings ratio of -28.41 and a beta of 2.40.

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

Institutional Investors Weigh In On Lightwave Logic

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Lightwave Logic in the 2nd quarter worth $116,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Lightwave Logic during the 2nd quarter worth approximately $2,069,000. Bank of New York Mellon Corp acquired a new position in Lightwave Logic in the 2nd quarter valued at about $4,370,000. Legal & General Group Plc acquired a new position in shares of Lightwave Logic in the second quarter valued at approximately $1,292,000. Finally, Bleakley Financial Group LLC acquired a new position in Lightwave Logic in the 1st quarter valued at $1,739,000. 27.04% of the stock is owned by hedge funds and other institutional investors.

Lightwave Logic Company Profile

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.