Lightwave Logic (NASDAQ:LWLG) Shares Down 9% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price dropped 9% during mid-day trading on Thursday . The company traded as low as $7.82 and last traded at $7.82. Approximately 2,212,799 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 3,433,555 shares. The stock had previously closed at $8.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightwave Logic currently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The company has a market cap of $1.15 billion, a PE ratio of -45.35 and a beta of 3.02. The business has a 50 day moving average of $4.63 and a 200 day moving average of $4.37.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, March 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%. The company had revenue of $0.16 million for the quarter.

Insider Transactions at Lightwave Logic

In related news, Director Laila Partridge sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total transaction of $37,200.00. Following the transaction, the director owned 63,963 shares in the company, valued at $237,942.36. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Siraj Nour El-Ahmadi sold 25,591 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total transaction of $89,056.68. Following the completion of the transaction, the director directly owned 123,944 shares of the company’s stock, valued at approximately $431,325.12. The trade was a 17.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after acquiring an additional 3,055 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in shares of Lightwave Logic during the fourth quarter valued at approximately $33,000. Bernardo Wealth Planning LLC purchased a new stake in Lightwave Logic in the fourth quarter worth $33,000. Dakota Wealth Management purchased a new stake in Lightwave Logic in the fourth quarter worth $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Lightwave Logic in the third quarter worth $38,000. Hedge funds and other 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.