Lightwave Logic (NASDAQ:LWLG) Trading Down 9.6% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price was down 9.6% on Monday . The stock traded as low as $12.15 and last traded at $12.34. Approximately 2,746,144 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 5,631,431 shares. The stock had previously closed at $13.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic has an average rating of “Sell”.

Lightwave Logic Stock Performance

The company has a market cap of $1.76 billion, a P/E ratio of -68.69 and a beta of 3.22. The firm’s fifty day moving average is $10.23 and its two-hundred day moving average is $6.24.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 45.45%. The company had revenue of $0.03 million for the quarter.

Insider Buying and Selling at Lightwave Logic

In other Lightwave Logic news, Director Laila Partridge sold 11,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total transaction of $75,240.00. Following the completion of the transaction, the director owned 80,723 shares of the company’s stock, valued at $552,145.32. This represents a 11.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig Ciesla sold 11,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $6.81, for a total transaction of $74,910.00. Following the transaction, the director directly owned 118,824 shares of the company’s stock, valued at $809,191.44. This trade represents a 8.47% 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. Over the last three months, insiders have sold 116,536 shares of company stock worth $933,349. Insiders own 2.21% of the company’s stock.

Institutional Trading of Lightwave Logic

Several hedge funds have recently made changes to their positions in LWLG. Envestnet Asset Management Inc. raised its position in shares of Lightwave Logic by 159.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock valued at $71,000 after buying an additional 35,000 shares in the last quarter. XTX Topco Ltd raised its position in shares of Lightwave Logic by 183.6% during the 2nd quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock valued at $70,000 after buying an additional 36,649 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Lightwave Logic during the 2nd quarter valued at about $458,000. Jump Financial LLC purchased a new stake in shares of Lightwave Logic during the 2nd quarter valued at about $56,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Lightwave Logic during the 2nd quarter valued at about $39,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

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.