Lightwave Logic (NASDAQ:LWLG) Shares Down 8.3% – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price traded down 8.3% during trading on Wednesday . The company traded as low as $4.15 and last traded at $4.0890. 902,069 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 2,205,468 shares. The stock had previously closed at $4.46.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Lightwave Logic Trading Down 2.2%

The company’s fifty day moving average is $4.01 and its 200 day moving average is $3.63. The company has a market capitalization of $583.21 million, a P/E ratio of -24.22 and a beta of 2.85.

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

Insider Buying and Selling

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 stock was sold at an average price of $3.72, for a total value of $37,200.00. Following the completion of the transaction, the director owned 63,963 shares in the company, valued at $237,942.36. This trade represents a 13.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lightwave Logic

Several hedge funds and other institutional investors have recently modified their holdings of LWLG. Sherbrooke Park Advisers LLC bought a new position in shares of Lightwave Logic in the third quarter valued at approximately $38,000. Kathmere Capital Management LLC purchased a new stake in Lightwave Logic in the 4th quarter worth approximately $33,000. Dakota Wealth Management purchased a new stake in Lightwave Logic in the 4th quarter worth approximately $36,000. WINTON GROUP Ltd bought a new position in Lightwave Logic in the 2nd quarter valued at $39,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Lightwave Logic during the 2nd quarter valued at $40,000. 27.04% of the stock is currently owned by 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.