Lightwave Logic (NASDAQ:LWLG) Trading Down 6.9% – What’s Next?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) traded down 6.9% during trading on Tuesday . The stock traded as low as $9.46 and last traded at $9.3830. 983,388 shares changed hands during trading, a decline of 83% from the average session volume of 5,722,360 shares. The stock had previously closed at $10.08.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

The stock has a market capitalization of $1.43 billion, a P/E ratio of -54.59 and a beta of 3.05. The company’s 50-day moving average price is $12.25 and its 200 day moving average price is $7.26.

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

Insider Buying and Selling

In other Lightwave Logic news, Director Craig Ciesla sold 11,000 shares of Lightwave Logic stock in a transaction on Wednesday, April 1st. The shares were 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 in the company, valued at approximately $809,191.44. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal 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 Ronald A. Bucchi sold 11,000 shares of Lightwave Logic stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total transaction of $76,120.00. Following the completion of the sale, the director owned 294,879 shares in the company, valued at approximately $2,040,562.68. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 116,881 shares of company stock worth $937,286 in the last 90 days. 2.21% of the stock is owned by company insiders.

Institutional Trading of Lightwave Logic

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Lightwave Logic by 50.1% in the 4th 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. Kathmere Capital Management LLC bought a new stake in Lightwave Logic in the 4th quarter valued at $33,000. Bernardo Wealth Planning LLC bought a new stake in Lightwave Logic in the 4th quarter valued at $33,000. Dakota Wealth Management bought a new stake in Lightwave Logic in the 4th quarter valued at $36,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Lightwave Logic in the 3rd quarter valued at $38,000. 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.