Lightwave Logic (NASDAQ:LWLG) Trading Down 15.4% – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) shares were down 15.4% during trading on Friday . The company traded as low as $10.32 and last traded at $10.30. Approximately 3,411,254 shares were traded during trading, a decline of 41% from the average daily volume of 5,814,994 shares. The stock had previously closed at $12.18.

Wall Street Analysts Forecast Growth

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

Lightwave Logic Trading Down 16.7%

The business has a 50 day simple moving average of $11.88 and a 200-day simple moving average of $6.94. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -59.64 and a beta of 3.05.

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 return on equity of 38.79% and a negative net margin of 9,019.34%.The business had revenue of $0.03 million during the quarter.

Insider Transactions at Lightwave Logic

In other news, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total value of $76,120.00. Following the transaction, the director directly owned 294,879 shares in the company, valued at $2,040,562.68. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig Ciesla sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total value of $74,910.00. Following the completion of the transaction, the director owned 118,824 shares in the company, valued at approximately $809,191.44. This trade represents a 8.47% decrease in their ownership of the stock. 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 sold 116,881 shares of company stock worth $937,286 in the last quarter. 2.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lightwave Logic

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in shares of Lightwave Logic in the 3rd quarter worth about $38,000. Bernardo Wealth Planning LLC purchased a new position in shares of Lightwave Logic in the 4th quarter worth about $33,000. Kathmere Capital Management LLC purchased a new position in shares of Lightwave Logic in the 4th quarter worth about $33,000. Finally, Brandywine Oak Private Wealth LLC purchased a new position in shares of Lightwave Logic in the 1st quarter worth about $76,000. 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.