Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) Director Ronald Bucchi sold 11,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total value of $76,120.00. Following the sale, the director directly owned 294,879 shares in the company, valued at $2,040,562.68. The trade was a 3.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Lightwave Logic Price Performance
Shares of NASDAQ LWLG traded up $0.82 during trading hours on Thursday, reaching $7.66. The stock had a trading volume of 3,714,927 shares, compared to its average volume of 3,565,992. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -45.06 and a beta of 3.02. Lightwave Logic Inc. has a twelve month low of $0.79 and a twelve month high of $8.79. The business's fifty day moving average is $4.89 and its two-hundred day moving average is $4.51.
Lightwave Logic (NASDAQ:LWLG - Get Free Report) last posted its quarterly earnings results on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.16 million for the quarter. Lightwave Logic had a negative return on equity of 46.11% and a negative net margin of 8,571.31%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Lightwave Logic in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".
Read Our Latest Stock Report on Lightwave Logic
Institutional Trading of Lightwave Logic
Several institutional investors have recently bought and sold shares of LWLG. Envestnet Asset Management Inc. raised its stake in Lightwave Logic by 159.4% during the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company's stock worth $71,000 after acquiring an additional 35,000 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Lightwave Logic by 183.6% in the 2nd quarter. XTX Topco Ltd now owns 56,610 shares of the company's stock valued at $70,000 after purchasing an additional 36,649 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Lightwave Logic in the 2nd quarter worth about $458,000. Jump Financial LLC bought a new stake in shares of Lightwave Logic in the 2nd quarter worth about $56,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Lightwave Logic during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 27.04% of the company's stock.
About Lightwave Logic
(
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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