Lightwave Logic (NASDAQ:LWLG) Trading Down 4.3% – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price was down 4.3% during trading on Tuesday . The company traded as low as $11.81 and last traded at $12.30. Approximately 1,802,219 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 5,705,271 shares. The stock had previously closed at $12.85.

Analyst Upgrades and Downgrades

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

Lightwave Logic Trading Down 1.2%

The firm has a market capitalization of $1.77 billion, a P/E ratio of -67.41 and a beta of 3.22. The company’s fifty day simple moving average is $11.29 and its 200 day simple moving average is $6.64.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.04) 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 company had revenue of $0.03 million during the quarter.

Insiders Place Their Bets

In related news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total value of $423,199.36. Following the completion of the transaction, the director directly owned 97,168 shares in the company, valued at $754,023.68. This trade represents a 35.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Snizhana P. Quan sold 20,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $10.36, for a total transaction of $207,200.00. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 116,536 shares of company stock worth $933,349. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Lightwave Logic by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock worth $33,845,000 after acquiring an additional 296,908 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Lightwave Logic in the 4th quarter worth about $5,508,000. Geode Capital Management LLC increased its stake in shares of Lightwave Logic by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock worth $5,493,000 after acquiring an additional 120,454 shares in the last quarter. State Street Corp increased its stake in shares of Lightwave Logic by 177.8% in the 4th quarter. State Street Corp now owns 1,593,600 shares of the company’s stock worth $5,163,000 after acquiring an additional 1,019,881 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Lightwave Logic by 4,591.9% in the 4th quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock worth $3,285,000 after acquiring an additional 992,129 shares in the last quarter. 27.04% of the stock is currently owned by institutional investors.

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.