Lightwave Logic, Inc. (LWLG) Stock Price & Analysis
Lightwave Logic, Inc. (LWLG) closed at USD 4.58 on Thursday, October 29, 2026, down 2.76% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 4.71; the Oct 29, 2026 session ranged USD 4.53–4.76 on volume of 1,748,958 shares. Market capitalization is $706.09M, with a 52-week range of USD 2.84–18.71 (NCM). Source: Nexqual, retrieved October 29, 2026 at 22:36 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LWLG.md
Key facts (LWLG)
- Last four reported quarters (through Jun 30, 2026): revenue $250K, net income -$22.9M (-9134.4% margin), free cash flow -$18.3M (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $4K; 1 not under a Rule 10b5-1 plan ($4K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (1 analysts), mean target USD 10 (range 10–10).
- Total return with dividends: 1Y +0.0% vs S&P 500 +14.4%; 5Y -57.1% vs S&P 500 +79.1%.
- Next earnings: 2026-11-10, EPS estimate USD -0.05, revenue estimate $61K. All companies reporting that day: https://nexqual.com/earnings/2026-11-10
- Dividend: LWLG paid no cash dividend in the last five years.
- Short interest: 18.28% of float (as of 2026-10-15), 8.1 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LWLG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | — | $41K | $96K | $237K | $250K |
| Gross profit | — | — | $38K | $88K | $230K | — |
| Operating income | -$17.0M | -$17.1M | -$21.2M | -$23.1M | -$20.8M | -$24.2M |
| Net income | -$18.6M | -$17.2M | -$21.0M | -$22.5M | -$20.3M | -$22.9M |
| EPS (diluted) | -$0.18 | -$0.15 | -$0.18 | -$0.19 | -$0.16 | — |
| Free cash flow | -$11.4M | -$11.8M | -$15.5M | -$17.8M | -$15.1M | -$18.3M |
| Gross margin | — | — | 93.8% | 92.3% | 97.1% | — |
| Operating margin | — | — | -52405.5% | -24150.6% | -8765.5% | -9688.2% |
| Net margin | — | — | -51943.2% | -23571.0% | -8576.5% | -9134.4% |
| Revenue growth | — | — | — | +136.1% | +147.7% | — |
| Cash + short-term investments | $23.4M | $24.1M | $31.4M | $27.7M | $69.0M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LWLG)
P/S 2821.5x · P/B 6.8x · FCF yield -2.60% · Earnings yield -3.24%
Insider sales (SEC Form 4, open-market, last ~7 months) (LWLG)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-01 | Quan Snizhana P. | Principal Financial Officer | 345 | $4K | 0.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (LWLG)
Consensus Buy (mean 2.00 on a 1–5 scale), 1 analysts; mean target USD 10 (low 10, high 10).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-17 | Freedom Broker | Initiated | Buy | $10 |
Total return (dividends reinvested) (LWLG)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +0.0% | -57.1% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | +0.0% | -15.5% |
| Volatility (annualized) | 118.4% | 99.6% |
| Max drawdown | -78.3% (May 2026→Oct 2026) | -95.5% (Dec 2021→Apr 2025) |
Dividends (LWLG)
LWLG paid no cash dividend in the last five years.
Short interest (LWLG)
28,076,658 shares sold short, 18.28% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 25,972,703 shares (+8.1%). Days to cover: 8.1 (short shares ÷ average daily volume).
LWLG earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.04 | — | — | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
LWLG recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Sep 29, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure “Appointment of Edward Kennedy to Board of Directors On September 23, 2026, the Board of Directors (the " Board ") of Lightwave Logic, Inc. (the " Company ") appointed Edward Kennedy to the Board to serve as a Class I director to fill a vacancy created by an increase in the size of the Board from six members to seven members, effective September 23, 2026. Mr. Kennedy is a seasoned public and private company executive and board director with more than 30 years of experience across telecom, networking and enterprise…” |
| Aug 14, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 29, 2026 | Schedule 13G | BlackRock, Inc.: 7.8% of shares, passive 5%+ holder |
| Jul 20, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure “On July 20, 2026, the Board of Directors (the "Board") of Lightwave Logic, Inc. (the "Company") appointed Fred A. Graffam III as the Company's Chief Financial Officer, effective immediately. Mr. Graffam, age 60, has over 20 years of progressively responsible operational and financial leadership experience. From December 2022 to April 2026, Mr. Graffam served as the Executive Vice President and Chief Financial Officer of Fidium (formerly Consolidated Communications Holdings, Inc. (Nasdaq: CNSL)), a fiber…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
LWLG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.05 | $0.00 | −$0.05 | $60,660 | 1 |
| Next quarter (ends Dec 2026) | $-0.05 | $0.00 | −$0.05 | $106,470 | 1 |
| Current fiscal year (ends Dec 2026) | $-0.18 | $0.00 | −$0.18 | $229,050 | 1 |
| Next fiscal year (ends Dec 2027) | $-0.20 | $0.00 | −$0.20 | $2.5M | 1 |
LWLG options: expected move
Options price a move of about ±21.4% (±$1.00) by Nov 20, 2026, which includes earnings on Nov 10, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 102.0% | ±21.4% |
| Dec 18, 2026 | 50 | 93.6% | ±28.9% |
| Jan 15, 2027 | 78 | 92.6% | ±35.4% |
| Mar 19, 2027 | 141 | 92.4% | ±46.6% |
| May 21, 2027 | 204 | 92.0% | ±55.2% |
| Jun 17, 2027 | 231 | 94.5% | ±60.6% |
30-day implied volatility 95.1% vs 81.3% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 22:36 UTC)
| Price | USD 4.58 |
|---|---|
| Change | ▼ 2.76% (down) |
| Previous Close | USD 4.71 |
| Open | USD 4.61 |
| Day Range | USD 4.53 – 4.76 |
| 52-Week Range | USD 2.84 – 18.71 |
| Volume | 1,748,958 shares |
| Market Cap | $706.09M |
| Exchange | NCM |
Technical Analysis (LWLG)
Nexqual's technical model rates LWLG "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 22:36 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 50.65 (neutral) |
| vs SMA50 | Below (USD 5.05) |
| MACD | -0.24 (negative) |
Analyst Ratings (LWLG)
Wall Street analysts rate LWLG "Buy" based on 1 analysts, with a mean price target of USD 10 (range USD 10–10), per Nexqual as of October 29, 2026 at 22:36 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 1 |
| Mean Target | USD 10 |
| High Target | USD 10 |
| Low Target | USD 10 |
| Buy / Hold / Sell | 1 / 0 / 0 |
Earnings (LWLG)
| Next Earnings Date | 2026-11-10 |
|---|---|
| EPS Estimate | USD -0.05 |
| Revenue Estimate | $60,660 |
Source: Nexqual, October 29, 2026 at 22:36 UTC.
Financials & Fundamentals (LWLG)
| Total Revenue | $250,251 |
|---|---|
| Revenue Growth (latest quarter, YoY) | +27.90% |
| Gross Margin | +98.93% |
| Operating Margin | -22195.17% |
| Profit Margin | +0.00% |
| ROE | -35.42% |
| Debt / Equity | 0.02 |
| Current Ratio | 62.84 |
| Total Cash | $95.91M |
| Total Debt | $2.50M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$18.33M (-7323.7% of revenue) |
Source: Nexqual, October 29, 2026 at 22:36 UTC.
Financial Health Score (LWLG)
Nexqual rates Lightwave Logic, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 22:36 UTC.
| Growth | Strong — Revenue +28% YoY (latest Q) |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Strong — $96M cash vs $3M debt, net cash position |
| Cash Flow | Weak — FCF negative: -$18M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -22%, ROA -21.2% (last 4 quarters, SEC) |
Ownership (LWLG)
| Insider Ownership | +1.03% |
|---|---|
| Institutional Ownership | +38.02% |
| Shares Outstanding | 154.17M |
| Float | 152.43M |
| Short % of Float | +18.28% |
Source: Nexqual, October 29, 2026 at 22:36 UTC.
Leadership (LWLG)
Lightwave Logic, Inc. is led by Yves LeMaitre, President, CEO & Employee Director, per Nexqual as of October 29, 2026 at 22:36 UTC.
| President, CEO & Employee Director | Yves LeMaitre |
|---|---|
| Chief Financial Officer | Fred Albert Graffam |
| Chief Technology Officer & Head of Strategy | Aref Chowdhury |
| Senior Vice President of Sales & Marketing | Robert Blum |
Major Backers & Investors (LWLG)
Notable institutional backers of Lightwave Logic, Inc. include Marshall Wace LLP, UBS Group AG, Fidelity, according to Nexqual as of October 29, 2026 at 22:36 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Marshall Wace LLP | 2.84% |
| UBS Group AG | 2.71% |
| Fidelity | 2.31% |
| Charles Schwab Investment Management, Inc. | 1.18% |
| Jane Street Group, LLC | 1.08% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.42% |
| Vanguard Group | 10.19% |
| State Street | 4.12% |
| Geode Capital | 3.77% |
| Northern Trust | 1.29% |
Source: Nexqual, October 29, 2026 at 22:36 UTC.
From Lightwave Logic, Inc.'s Latest SEC 10-K Filing (filed 2026-03-20)
Key Strengths & Strategy (as disclosed to the SEC)
- Included in our patent portfolio are the following device designs and fabrication methods: utilize our core proprietary technology and leverage our proprietary optical materials to be the core of and the enabling technology for future generations of optical devices, modules, sub-systems and systems that we will develop or potentially out-license to electro-optic device manufacturers.
- Instead, our strategy is to commercialize our technology through a combination of material sales, intellectual property licensing, process design kit ("PDK") enablement, and royalty or other fee-based arrangements tied to customer production. customers include semiconductor foundries, silicon photonics device designers, optical module manufacturers, and system integrators serving artificial intelligence ("AI"), cloud computing, data center, and telecommunications markets.
- We expect to continue innovating our technology platform over the next decade.
- Switching costs, ecosystem inertia, and supplier relationships may influence technology selection decisions. are demonstrated, adoption may depend on: that our technology will achieve widespread market adoption or that it will displace incumbent solutions in any given application. we employed 34 full-time employees (FTEs), excluding two employees that retired on December 31, 2025.
Partnerships
- Our compensation programs are designed to align employee interests with long-term stockholder value and may include equity-based incentives. collaboration among materials scientists, engineers, and commercial personnel to support integration within semiconductor manufacturing ecosystems.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BCPC | Balchem Corporation | USD 170.4 | ▲ 2.47% |
| SXT | Sensient Technologies Corporati | USD 131.53 | ▼ 0.05% |
| AXTA | Axalta Coating Systems Ltd. | USD 33.61 | ▼ 2.97% |
| EMN | Eastman Chemical Company | USD 67.93 | ▲ 1.89% |
| NEU | NewMarket Corp | USD 803.07 | ▼ 8.04% |
| WLK | Westlake Corporation | USD 66.01 | ▲ 0.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 22:36 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt