Lightwave Logic (NASDAQ:LWLG) Shares Down 7% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price fell 7% during trading on Thursday . The stock traded as low as $7.54 and last traded at $7.4480. Approximately 2,162,957 shares changed hands during trading, a decline of 59% from the average daily volume of 5,303,949 shares. The stock had previously closed at $8.01.

Analyst Ratings Changes

LWLG has been the topic of several research analyst reports. Wall Street Zen downgraded Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic currently has an average rating of “Sell”.

Lightwave Logic Trading Up 3.8%

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -44.53 and a beta of 2.48. The company has a fifty day moving average price of $7.75 and a 200-day moving average price of $8.27.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.03 million for the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%.

Institutional Trading of Lightwave Logic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Lightwave Logic in the second quarter valued at $116,413,000. Vanguard Group Inc. boosted its stake in shares of Lightwave Logic by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock worth $33,845,000 after acquiring an additional 296,908 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Lightwave Logic during the 4th quarter valued at about $5,508,000. Geode Capital Management LLC grew its position in shares of Lightwave Logic by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after acquiring an additional 120,454 shares during the period. Finally, State Street Corp increased its stake in shares of Lightwave Logic by 177.8% in the 4th quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after purchasing an additional 1,019,881 shares in the last quarter. Institutional investors and hedge funds 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.