Lightwave Logic (NASDAQ:LWLG) Stock Price Down 6.4% – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG) shares fell 6.4% during mid-day trading on Wednesday . The company traded as low as $6.15 and last traded at $6.2150. Approximately 1,859,674 shares traded hands during trading, a decline of 65% from the average daily volume of 5,246,315 shares. The stock had previously closed at $6.64.

Wall Street Analyst Weigh In

LWLG has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The stock has a market capitalization of $950.15 million, a P/E ratio of -38.72 and a beta of 2.49. The company’s 50 day simple moving average is $7.64 and its two-hundred day simple moving average is $8.35.

Lightwave Logic (NASDAQ:LWLG) last announced its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative return on equity of 34.78% and a negative net margin of 9,143.60%.The business had revenue of $0.03 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased 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 acquiring an additional 3,055 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic during the third quarter valued at approximately $38,000. WINTON GROUP Ltd acquired a new stake in shares of Lightwave Logic in the second quarter valued at approximately $39,000. Hudson Bay Capital Management LP bought a new position in Lightwave Logic in the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC boosted its position in Lightwave Logic by 42.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 36,283 shares of the company’s stock valued at $45,000 after buying an additional 10,839 shares during the last quarter. Institutional investors and hedge funds own 27.04% of the company’s stock.

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.