Lightwave Logic (NASDAQ:LWLG) Stock Price Down 6.9% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) shares fell 6.9% during trading on Tuesday . The stock traded as low as $9.46 and last traded at $9.3830. 983,388 shares were traded during mid-day trading, a decline of 83% from the average session volume of 5,722,360 shares. The stock had previously closed at $10.08.

Analyst Ratings Changes

Several brokerages recently commented on LWLG. Wall Street Zen downgraded shares of Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightwave Logic currently has an average rating of “Sell”.

Lightwave Logic Trading Down 5.0%

The firm’s fifty day moving average price is $12.19 and its 200-day moving average price is $7.19. The company has a market cap of $1.48 billion, a P/E ratio of -56.26 and a beta of 3.06.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share (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 company had revenue of $0.03 million for the quarter.

Insider Activity at Lightwave Logic

In other news, Director Thomas M. Connelly, Jr. sold 9,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.52, for a total transaction of $76,680.00. Following the completion of the sale, the director owned 77,132 shares of the company’s stock, valued at $657,164.64. This represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total transaction of $423,199.36. Following the sale, the director directly owned 97,168 shares of the company’s stock, valued at $754,023.68. This represents a 35.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 116,881 shares of company stock valued at $937,286 over the last three months. Insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

Several large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after acquiring an additional 3,055 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of 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 acquiring an additional 3,865 shares in the last quarter. Greenspring Advisors LLC boosted its holdings in Lightwave Logic by 7.5% during the fourth quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after purchasing an additional 5,000 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in 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 purchasing an additional 7,282 shares during the last quarter. Finally, LPL Financial LLC boosted 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 during the last quarter. Institutional investors own 27.04% of the company’s stock.

About Lightwave Logic

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.