Lightwave Logic (NASDAQ:LWLG) Shares Down 4.3% – Time to Sell?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) dropped 4.3% during trading on Tuesday . The stock traded as low as $11.81 and last traded at $12.30. Approximately 1,802,219 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 5,705,271 shares. The stock had previously closed at $12.85.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LWLG. Wall Street Zen lowered shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The stock’s 50 day moving average is $11.12 and its two-hundred day moving average is $6.55. The stock has a market capitalization of $1.88 billion, a PE ratio of -71.58 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.The firm had revenue of $0.03 million for the quarter.

Insider Transactions at Lightwave Logic

In related news, Director Craig Ciesla sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total transaction of $74,910.00. Following the completion of the sale, the director owned 118,824 shares in the company, valued at $809,191.44. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ronald A. Bucchi sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total value of $76,120.00. Following the completion of the transaction, the director directly owned 294,879 shares of the company’s stock, valued at $2,040,562.68. This trade represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 116,536 shares of company stock valued at $933,349 over the last ninety days. Company insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

Several hedge funds and other institutional investors have recently bought and sold shares of LWLG. Farther Finance Advisors LLC lifted its holdings in shares of Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after purchasing an additional 3,055 shares during the last quarter. Jefferies Financial Group Inc. increased its position in Lightwave Logic by 11.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock worth $126,000 after buying an additional 3,865 shares during the period. Greenspring Advisors LLC lifted its stake in Lightwave Logic by 7.5% in the fourth quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock valued at $232,000 after buying an additional 5,000 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Lightwave Logic by 14.0% during the second quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after acquiring an additional 7,282 shares during the period. Finally, LPL Financial LLC raised its holdings in Lightwave Logic by 1.0% during the fourth quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock worth $2,525,000 after purchasing an additional 7,870 shares in the last quarter. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Lightwave Logic Company Profile

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.