Lightwave Logic (NASDAQ:LWLG) Stock Price Down 5.2% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price dropped 5.2% during mid-day trading on Tuesday . The company traded as low as $5.10 and last traded at $5.1450. 382,614 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 5,078,599 shares. The stock had previously closed at $5.43.

Wall Street Analyst Weigh In

Several research analysts recently commented on LWLG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. Wall Street Zen lowered Lightwave Logic from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Lightwave Logic Trading Down 1.6%

The stock has a fifty day simple moving average of $6.80 and a 200-day simple moving average of $8.53. The company has a market capitalization of $778.56 million, a PE ratio of -31.56 and a beta of 2.41.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%. The business had revenue of $0.03 million during the quarter.

Hedge Funds Weigh In On Lightwave Logic

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in Lightwave Logic by 159.4% during the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after purchasing an additional 35,000 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Lightwave Logic by 183.6% during the 2nd quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock worth $70,000 after buying an additional 36,649 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at $458,000. Jump Financial LLC acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at $56,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Lightwave Logic in the 2nd quarter valued at $39,000. 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.