Lightwave Logic (NASDAQ:LWLG) Shares Gap Down – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) shares gapped down before the market opened on Tuesday . The stock had previously closed at $4.04, but opened at $3.90. Lightwave Logic shares last traded at $4.0250, with a volume of 104,926 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LWLG shares. Wall Street Zen upgraded Lightwave Logic from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lightwave Logic Price Performance

The firm has a market cap of $541.60 million, a P/E ratio of -22.56 and a beta of 2.79. The company’s 50-day simple moving average is $4.74 and its 200 day simple moving average is $3.06.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, November 14th. The company reported ($0.04) earnings per share for the quarter. Lightwave Logic had a negative net margin of 20,797.03% and a negative return on equity of 62.24%. The company had revenue of $0.03 million for the quarter.

Insider Activity

In related news, Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.11, for a total value of $41,100.00. Following the transaction, the director owned 53,802 shares of the company’s stock, valued at $221,126.22. This trade represents a 15.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald A. Bucchi sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $3.97, for a total transaction of $39,700.00. Following the completion of the sale, the director directly owned 185,583 shares of the company’s stock, valued at approximately $736,764.51. This trade represents a 5.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,000 shares of company stock valued at $106,300. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sherbrooke Park Advisers LLC purchased a new stake in shares of Lightwave Logic in the 3rd quarter worth $38,000. WINTON GROUP Ltd bought a new stake in shares of Lightwave Logic in the second quarter valued at about $39,000. Hudson Bay Capital Management LP purchased a new stake in Lightwave Logic in the second quarter worth about $40,000. Truist Financial Corp purchased a new stake in Lightwave Logic in the second quarter worth about $42,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Lightwave Logic by 18.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,547 shares of the company’s stock worth $44,000 after acquiring an additional 5,468 shares in the last quarter. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

Lightwave Logic Company Profile

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.