Lightwave Logic (NASDAQ:LWLG) Stock Price Down 8.3% – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price fell 8.3% during trading on Wednesday . The company traded as low as $8.49 and last traded at $8.49. Approximately 2,306,827 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 5,650,966 shares. The stock had previously closed at $9.26.

Analysts Set New Price Targets

Several brokerages have weighed in on LWLG. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The company has a market capitalization of $1.30 billion, a PE ratio of -49.47 and a beta of 3.05. The company has a 50-day moving average of $12.31 and a two-hundred day moving average of $7.41.

Lightwave Logic (NASDAQ:LWLG) last issued its earnings results on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. The company 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 Buying and Selling at Lightwave Logic

In other news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total transaction of $423,199.36. Following the transaction, the director owned 97,168 shares in the company, valued at approximately $754,023.68. This trade represents a 35.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $8.52, for a total transaction of $76,680.00. Following the transaction, the director directly owned 77,132 shares in the company, valued at $657,164.64. This trade represents a 10.45% 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. Insiders sold a total of 116,881 shares of company stock worth $937,286 over the last quarter. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

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