Lightwave Logic (NASDAQ:LWLG) Shares Down 4.7% – What’s Next?

Lightwave Logic Inc. (NASDAQ:LWLG) fell 4.7% during mid-day trading on Monday . The stock traded as low as $7.15 and last traded at $7.2560. 3,498,331 shares traded hands during trading, an increase of 15% from the average session volume of 3,048,596 shares. The stock had previously closed at $7.61.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Lightwave Logic Stock Performance

The stock has a fifty day moving average price of $4.12 and a 200 day moving average price of $4.15. The stock has a market cap of $1.02 billion, a PE ratio of -41.91 and a beta of 3.02.

Insider Activity

In other news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total value of $89,056.68. Following the completion of the sale, the director directly owned 123,944 shares in the company, valued at $431,325.12. The trade was a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laila Partridge sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at approximately $237,942.36. This trade represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Lightwave Logic

Several hedge funds have recently made changes to their positions in LWLG. Farther Finance Advisors LLC lifted its position in Lightwave Logic by 50.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after buying an additional 3,055 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Lightwave Logic during the fourth quarter worth about $33,000. Bernardo Wealth Planning LLC acquired a new position in Lightwave Logic during the 4th quarter worth approximately $33,000. Dakota Wealth Management acquired a new stake in Lightwave Logic in the fourth quarter valued at $36,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Lightwave Logic during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 27.04% of the company’s stock.

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.