Lightwave Logic (NASDAQ:LWLG) Stock Price Down 9.7% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price was down 9.7% on Thursday . The stock traded as low as $13.82 and last traded at $13.6880. Approximately 4,489,157 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 4,662,500 shares. The stock had previously closed at $15.16.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightwave Logic presently has an average rating of “Sell”.

Lightwave Logic Trading Down 12.9%

The company’s fifty day moving average is $7.08 and its two-hundred day moving average is $5.23. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -77.75 and a beta of 2.75.

Lightwave Logic (NASDAQ:LWLG) last posted its earnings results on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%. The company had revenue of $0.16 million during the quarter.

Insider Transactions at Lightwave Logic

In related news, Director Ronald A. Bucchi sold 11,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total value of $76,120.00. Following the completion of the sale, the director owned 294,879 shares in the company, valued at approximately $2,040,562.68. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Snizhana P. Quan sold 20,000 shares of Lightwave Logic stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $10.36, for a total transaction of $207,200.00. Following the completion of the sale, the insider owned 51,125 shares of the company’s stock, valued at $529,655. This trade represents a 28.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 142,127 shares of company stock worth $1,022,406 in the last three months. Company insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Lightwave Logic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LWLG. Farther Finance Advisors LLC boosted its position 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 buying an additional 3,055 shares during the period. Kathmere Capital Management LLC purchased a new position in Lightwave Logic in the 4th quarter valued at approximately $33,000. Bernardo Wealth Planning LLC purchased a new position in Lightwave Logic in the 4th quarter valued at approximately $33,000. Dakota Wealth Management purchased a new position in Lightwave Logic in the 4th quarter valued at approximately $36,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Lightwave Logic in the 3rd quarter valued at approximately $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.