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

Lightwave Logic Inc. (NASDAQ:LWLG) fell 8.3% on Wednesday . The stock traded as low as $8.49 and last traded at $8.49. 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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic currently has an average rating of “Sell”.

Lightwave Logic Price Performance

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

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.04) EPS 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, insider Snizhana P. Quan sold 20,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $10.36, for a total transaction of $207,200.00. Following the completion of the transaction, the insider owned 51,125 shares of the company’s stock, valued at approximately $529,655. The trade was a 28.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Laila Partridge sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.84, for a total value of $75,240.00. Following the transaction, the director owned 80,723 shares of the company’s stock, valued at approximately $552,145.32. This represents a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 116,881 shares of company stock valued at $937,286. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Lightwave Logic

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake 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 buying an additional 3,055 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Lightwave Logic during the third quarter valued at $38,000. Bernardo Wealth Planning LLC bought a new stake in Lightwave Logic in the fourth quarter worth approximately $33,000. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic in the 4th quarter valued at approximately $33,000. Finally, Brandywine Oak Private Wealth LLC acquired a new position in Lightwave Logic during the 1st quarter worth $76,000. 27.04% of the stock is currently owned by institutional investors.

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.