Lightwave Logic, Inc.
LWLGBasic MaterialsNASDAQSpecialty Chemicals · Last scanned Oct 26, 2026
Scan Results
Daily timeframeLightwave Logic, Inc. focuses on the development and commercialization of electro-optic polymer materials for data communications and other photonic application in the United States and internationally. The $618.2M market capitalization puts LWLG squarely in small-cap range for its industry. The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name.
Market Cap
$618.2M
Beta
2.41
P/E (TTM)
—
P/E (Fwd)
-20.05
EPS (TTM)
$-0.17
EPS (Fwd)
$-0.20
ROE
-35.4%
ROA
-22.3%
Cash
$95.9M
Total Debt
$2.5M
Free CF
-$10.9M
52W Change
-18.0%
Annual Financials
Cash vs Debt
Where LWLG stands vs its 150-day and 200-day moving averages
As of the October 15, 2026 close, LWLG finished 52.24% below its 150-day moving average ($8.50) and 44.84% below its 200-day moving average ($7.36). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is LWLG overbought or oversold?
At the October 15, 2026 close, LWLG's RSI(14) was 30.7, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
With $95.9M in cash and $2.5M in debt, LWLG maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company is burning cash, with free cash flow at -$10.9M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -35.4%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits.
Lightwave Logic, Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Lightwave Logic, Inc.'s trajectory.