Desperate to return to the $2 level where the shares traded at nearly one year ago, Lightwave Logic, Inc. (OTC: LWLG) announced last week that the Company finally delivered prototype devices to its potential microelectronics partner. Up roughly 47% from its low at the beginning of 2013, news of further testing by the University of Colorado Boulder on coupons should continue to keep shares of LWLG stock in a positive trend. Since the Company’s prototype, coated with their advanced organic nonlinear electro-optical polymer, Perkinamine Indigo™, exceeded the microelectronics company’s stated requirements, can the shares now do the same for investors?
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LWLG Stock Quote
Market Cap: 57.77M
Last: $1.16 ▲ 0.12 (11.54%)
Dollar Volume: $282,502
Issued and Outstanding: 49,805,479
14-Day Rel Strength: 63.58%
14-Day Stochastic: 81.82%
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In words which can better describe what Lightwave Logic is trying to accomplish, the Company is scientifically working on getting to market their product which would replace the current fiber-optic and ethernet cable systems which are said to be pushing the physical limit of what the existing infrastructure can support.
Having booked revenues since inception less than what a couple would spend on an inexpensive honeymoon, Lightwave’s delivery of their tested prototype is a huge accomplishment. As participants in multiple vital government sponsored research and development programs with various government agencies that protect the interests of the United States, the forward looking investor awaiting the upcoming 10-K should be thinking “Government Contracts” when analyzing LWLG stock.
In May, 2011, Lightwave entered into a $20 million dollar subscription agreement with Lincoln Park over a 30-month period. Beyond that, there were 7,301,143 exercisable warrants with a weighted average exercise price of $1.15 ($0.25 – $1.75). Basically, funding for the ongoing research and development as the Company moves closer to commercial production is pretty well spoken for.
The Friday jump of LWLG stock was a direct result of the PR issued along with the comments stating “After rigorous testing at UCB, we believe our material possesses outstanding electro-optical activity with excellent thermal and chemical stability necessary for producing commercial devices.“
As Lightwave Logic continues to perfect their technology, long investors should be able to see a significant upside. The Company’s work on Perkinamine Indigo™ is the next logical step in high speed fiber-optic data communications and optical computing.
Traders should look for the stock to break past its YTD high of $1.23 to confirm a breakout and possible return to the levels where they began 2012 at. Friday’s display of volume, the second largest YTD is also a sign that the rally may just be starting.
About LWLG Stock
Lightwave Logic, Inc. has developed and are continuing to develop Application Specific Electro-Optic Polymers and Non-Linear All-Optical Polymers — products the Company believes will replace more expensive, lower-performance materials that are currently used in, telecommunication, data communications, computing, photovoltaic cells, wireless, and satellite communication networks.
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Bottom Line: LWLG is a penny stock long investors heavy into tech stocks should look closely at. With funding commitments and a stock price of nearly half that from a year ago, LWLG could be a bargain for those willing to sit and wait for a few months.
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