Lightwave Logic (NASDAQ:LWLG) Trading Down 4.5% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price fell 4.5% during mid-day trading on Friday . The stock traded as low as $4.03 and last traded at $4.05. 638,720 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,512,637 shares. The stock had previously closed at $4.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Wednesday, October 8th. One equities 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 2.1%

The company has a market cap of $555.12 million, a P/E ratio of -23.06 and a beta of 2.85. The company’s 50-day moving average price is $4.12 and its two-hundred day moving average price is $3.41.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.

Insider Buying and Selling at Lightwave Logic

In other Lightwave Logic news, Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total value of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at $237,942.36. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lightwave Logic

Large investors have recently made changes to their positions in the company. Sherbrooke Park Advisers LLC acquired a new position in shares of Lightwave Logic during the third quarter worth approximately $38,000. Bank of America Corp DE raised its stake in Lightwave Logic by 89.8% during the 3rd quarter. Bank of America Corp DE now owns 55,814 shares of the company’s stock valued at $207,000 after acquiring an additional 26,413 shares in the last quarter. Credit Agricole S A acquired a new position in Lightwave Logic during the 3rd quarter worth $151,000. Virtu Financial LLC grew its stake in shares of Lightwave Logic by 69.2% in the third quarter. Virtu Financial LLC now owns 78,715 shares of the company’s stock worth $292,000 after purchasing an additional 32,199 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lightwave Logic in the third quarter worth $345,000. Institutional investors and hedge funds 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.