Lightwave Logic (NASDAQ:LWLG) Shares Down 9.9% – What’s Next?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price traded down 9.9% on Wednesday . The stock traded as low as $15.41 and last traded at $15.0670. 2,012,079 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 5,200,740 shares. The stock had previously closed at $16.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic currently has an average rating of “Sell”.

Lightwave Logic Price Performance

The business’s 50 day moving average is $8.90 and its 200 day moving average is $5.76. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -96.65 and a beta of 3.22.

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

Insider Activity

In related news, Director Laila Partridge sold 11,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total transaction of $75,240.00. Following the completion of the transaction, the director owned 80,723 shares in the company, valued at approximately $552,145.32. The trade was a 11.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Snizhana P. Quan sold 20,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $10.36, for a total transaction of $207,200.00. Following 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 116,536 shares of company stock valued at $933,349. Insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Lightwave Logic by 50.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after acquiring an additional 3,055 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Lightwave Logic in the third quarter valued at approximately $38,000. Bernardo Wealth Planning LLC purchased a new stake in Lightwave Logic in the fourth quarter valued at approximately $33,000. Kathmere Capital Management LLC purchased a new stake in Lightwave Logic in the fourth quarter valued at approximately $33,000. Finally, Brandywine Oak Private Wealth LLC purchased a new stake in Lightwave Logic in the first quarter valued at approximately $76,000. 27.04% of the stock is owned by hedge funds and other 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.