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

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

Analyst Upgrades and Downgrades

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

Lightwave Logic Price Performance

The stock’s 50 day simple moving average is $3.95 and its two-hundred day simple moving average is $3.65. The stock has a market capitalization of $523.00 million, a PE ratio of -21.72 and a beta of 2.85.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly 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 Activity

In other news, Director Laila Partridge sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the transaction, the director owned 63,963 shares of the company’s stock, valued at $237,942.36. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lightwave Logic

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake 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 period. Dakota Wealth Management purchased a new position in shares of Lightwave Logic in the fourth quarter worth about $36,000. Kathmere Capital Management LLC bought a new stake in shares of Lightwave Logic in the fourth quarter valued at approximately $33,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic in the third quarter valued at approximately $38,000. Finally, Bank of America Corp DE lifted its stake in shares of Lightwave Logic by 89.8% during the 3rd quarter. Bank of America Corp DE now owns 55,814 shares of the company’s stock valued at $207,000 after buying an additional 26,413 shares in the last quarter. Hedge funds and other institutional investors 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.