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

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

Analyst Ratings Changes

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

Lightwave Logic Trading Down 10.0%

The business’s fifty day simple moving average is $11.96 and its 200-day simple moving average is $7.57. The firm has a market cap of $1.31 billion, a P/E ratio of -50.09 and a beta of 3.05.

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

Insider Transactions at Lightwave Logic

In other news, insider Snizhana P. Quan sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $10.36, for a total transaction of $207,200.00. Following the transaction, the insider directly owned 51,125 shares of the company’s stock, valued at approximately $529,655. The trade was a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.52, for a total value of $76,680.00. Following the transaction, the director owned 77,132 shares of the company’s stock, valued at approximately $657,164.64. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 83,881 shares of company stock worth $711,016. 2.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lightwave Logic

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Lightwave Logic by 50.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after buying an additional 3,055 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic in the 4th quarter worth approximately $33,000. Bernardo Wealth Planning LLC bought a new position in shares of Lightwave Logic in the 4th quarter worth approximately $33,000. Dakota Wealth Management purchased a new position in shares of Lightwave Logic in the 4th quarter valued at approximately $36,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Lightwave Logic in the 3rd quarter valued at approximately $38,000. 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.