Lightwave Logic (NASDAQ:LWLG) Trading 8.2% Higher - Here's Why

Key Points

• Lightwave Logic shares rose 8.2% to about $5.52, reaching an intraday high of $5.64, although trading volume was 81% below the average.
• Analyst sentiment remains mixed: Freedom Broker initiated coverage with a Buy rating and a $10 target, while other sources maintained or issued Sell ratings. The overall consensus is Hold with a $10 target price.
• The company reported a quarterly loss of $0.04 per share on just $0.03 million in revenue, alongside negative profitability metrics. Institutional investors own 27.04% of Lightwave Logic.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report)'s stock price shot up 8.2% on Monday . The company traded as high as $5.64 and last traded at $5.5170. Approximately 948,641 shares traded hands during trading, a decline of 81% from the average session volume of 4,901,428 shares. The stock had previously closed at $5.10.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LWLG. Freedom Broker initiated coverage on shares of Lightwave Logic in a research note on Thursday. They issued a "buy" rating and a $10.00 target price for the company. Wall Street Zen lowered Lightwave Logic from a "sell" rating to a "strong sell" rating in a report on Sunday, September 6th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Lightwave Logic in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lightwave Logic presently has a consensus rating of "Hold" and a consensus target price of $10.00.

Lightwave Logic Trading Up 7.8%

The stock has a market capitalization of $847.61 million, a PE ratio of -34.34 and a beta of 2.41. The business has a fifty day moving average price of $6.18 and a 200-day moving average price of $8.64.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative return on equity of 30.34% and a negative net margin of 9,143.60%.

Hedge Funds Weigh In On Lightwave Logic

Institutional investors and hedge funds have recently made changes to their positions in the business. Jefferies Financial Group Inc. lifted its stake in shares of Lightwave Logic by 11.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company's stock worth $126,000 after buying an additional 3,865 shares in the last quarter. Greenspring Advisors LLC raised its holdings in Lightwave Logic by 7.5% in the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company's stock worth $232,000 after acquiring an additional 5,000 shares during the last quarter. Ancora Advisors LLC raised its holdings in Lightwave Logic by 292.1% in the 2nd quarter. Ancora Advisors LLC now owns 7,571 shares of the company's stock worth $72,000 after acquiring an additional 5,640 shares during the last quarter. TRU Independence Asset Management 2 LLC purchased a new stake in Lightwave Logic during the 2nd quarter valued at $95,000. Finally, Capital Advisors Inc. OK purchased a new stake in Lightwave Logic during the 2nd quarter valued at $95,000. Institutional investors own 27.04% of the company's stock.

About Lightwave Logic

Lightwave Logic, Inc develops advanced photonic materials and devices designed to improve the speed, energy efficiency and performance of optical communications systems. The company's core technology is based on electro-optic polymers, which can convert electrical signals into optical signals at high speeds.

Its product and technology portfolio includes proprietary organic nonlinear optical chromophores, polymer materials and polymer-based electro-optic modulators. These technologies are intended for applications such as data-center interconnects, telecommunications, high-performance computing and other systems that transmit large volumes of data using optical networks.

Founded in 1991 and headquartered in Englewood, Colorado, Lightwave Logic conducts research and development in the United States and works to support the adoption of its materials and devices through industry relationships and potential licensing or commercialization arrangements.

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