LightWave Acquisition (NASDAQ:LWAC) Stock Price Down 0.2% – What’s Next?

LightWave Acquisition Corp. (NASDAQ:LWAC)’s stock price was down 0.2% on Tuesday . The company traded as low as $10.23 and last traded at $10.23. 18 shares were traded during mid-day trading, a decline of 100% from the average session volume of 7,582 shares. The stock had previously closed at $10.25.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, LightWave Acquisition presently has a consensus rating of “Sell”.

LightWave Acquisition Price Performance

The stock has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $10.15.

LightWave Acquisition (NASDAQ:LWAC) last announced its earnings results on Friday, May 15th. The company reported $0.06 earnings per share for the quarter.

Institutional Investors Weigh In On LightWave Acquisition

A number of large investors have recently modified their holdings of LWAC. Gabelli Funds LLC acquired a new position in shares of LightWave Acquisition during the third quarter valued at about $444,000. Two Sigma Investments LP acquired a new stake in LightWave Acquisition in the 3rd quarter worth approximately $6,763,000. Virtu Financial LLC acquired a new stake in LightWave Acquisition in the 3rd quarter worth approximately $3,108,000. AQR Arbitrage LLC purchased a new stake in LightWave Acquisition during the 3rd quarter worth approximately $13,958,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in LightWave Acquisition during the 3rd quarter worth approximately $9,950,000.

LightWave Acquisition Company Profile

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.