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

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LWLG. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Lightwave Logic Trading Down 5.3%

The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -71.58 and a beta of 3.22. The firm’s 50 day moving average is $11.12 and its two-hundred day moving average is $6.55.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.

Insider Activity at Lightwave Logic

In other Lightwave Logic news, Director Craig Ciesla sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total value of $74,910.00. Following the sale, the director directly owned 118,824 shares of the company’s stock, valued at approximately $809,191.44. This trade represents a 8.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of Lightwave Logic 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 sale, the director owned 97,168 shares of the company’s stock, valued at $754,023.68. This trade represents a 35.95% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 116,536 shares of company stock worth $933,349. Company insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

A number of institutional investors have recently bought and sold shares of LWLG. Farther Finance Advisors LLC increased its position in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares during the last quarter. Jefferies Financial Group Inc. grew its stake in shares of Lightwave Logic by 11.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after buying an additional 3,865 shares during the period. Greenspring Advisors LLC increased its holdings in shares of Lightwave Logic by 7.5% during the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after buying an additional 5,000 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Lightwave Logic by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after buying an additional 7,282 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Lightwave Logic by 1.0% in the 4th quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock worth $2,525,000 after buying an additional 7,870 shares during the period. 27.04% of the stock is currently owned by hedge funds and other 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.