Lightwave Logic (NASDAQ:LWLG) Stock Price Down 7.2% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG) shares fell 7.2% during mid-day trading on Wednesday . The stock traded as low as $8.50 and last traded at $8.7830. 956,309 shares were traded during trading, a decline of 83% from the average daily volume of 5,778,512 shares. The stock had previously closed at $9.46.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LWLG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

The stock’s 50-day simple moving average is $11.73 and its two-hundred day simple moving average is $7.62. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -43.29 and a beta of 2.40.

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

Insider Buying and Selling at Lightwave Logic

In other news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total value of $423,199.36. Following the completion of the sale, the director directly owned 97,168 shares of the company’s stock, valued at approximately $754,023.68. This represents a 35.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was 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 in the company, valued at approximately $657,164.64. The trade was a 10.45% 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 83,881 shares of company stock valued at $711,016 in the last 90 days. 2.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lightwave Logic

Several large investors have recently bought and sold shares of LWLG. Farther Finance Advisors LLC boosted its holdings in 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 period. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic during the 4th quarter worth about $33,000. Bernardo Wealth Planning LLC acquired a new position in shares of Lightwave Logic during the fourth quarter valued at about $33,000. Dakota Wealth Management acquired a new position in shares of Lightwave Logic during the fourth quarter valued at about $36,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic in the third quarter valued at about $38,000. 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.