Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) insider Snizhana Quan sold 20,000 shares of the business's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $10.36, for a total transaction of $207,200.00. Following the completion of the sale, the insider owned 51,125 shares of the company's stock, valued at approximately $529,655. The trade was a 28.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Lightwave Logic Stock Performance
Shares of LWLG stock traded up $2.16 on Friday, hitting $10.60. 13,536,898 shares of the company's stock traded hands, compared to its average volume of 3,810,761. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -62.35 and a beta of 2.75. The company's fifty day simple moving average is $5.41 and its 200 day simple moving average is $4.69. Lightwave Logic Inc. has a one year low of $0.82 and a one year high of $10.62.
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. Lightwave Logic had a negative return on equity of 46.11% and a negative net margin of 8,571.31%.The business had revenue of $0.16 million during the quarter.
Institutional Investors Weigh In On Lightwave Logic
A number of large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of Lightwave Logic by 159.4% during the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company's stock valued at $71,000 after acquiring an additional 35,000 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Lightwave Logic by 183.6% in the second quarter. XTX Topco Ltd now owns 56,610 shares of the company's stock worth $70,000 after purchasing an additional 36,649 shares during the last quarter. Marshall Wace LLP purchased a new position in Lightwave Logic during the 2nd quarter valued at about $458,000. Jump Financial LLC purchased a new position in Lightwave Logic during the 2nd quarter valued at about $56,000. Finally, WINTON GROUP Ltd bought a new position in Lightwave Logic during the 2nd quarter valued at approximately $39,000. Institutional investors own 27.04% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic presently has a consensus rating of "Sell".
View Our Latest Stock Report on Lightwave Logic
Lightwave Logic Company Profile
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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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