Lightwave Logic (NASDAQ:LWLG) Shares Down 11.9% – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) shares traded down 11.9% during trading on Tuesday. The stock traded as low as $4.42 and last traded at $4.3240. 1,310,818 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 4,669,988 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

Several brokerages recently issued reports on LWLG. Zacks Research raised Lightwave Logic to a “hold” rating in a research note on Friday, October 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, October 15th. Freedom Broker initiated coverage on shares of Lightwave Logic in a research report on Thursday, September 17th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Wall Street Zen downgraded shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.00.

Lightwave Logic Stock Performance

The stock has a 50 day moving average price of $4.85 and a two-hundred day moving average price of $7.27. The company has a market capitalization of $664.94 million, a PE ratio of -27.03 and a beta of 2.42.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%. Sell-side analysts predict that Lightwave Logic Inc. will post -0.18 earnings per share for the current year.

Institutional Trading of Lightwave Logic

Several large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its holdings in shares of Lightwave Logic by 841.8% during the 3rd quarter. Sterling Capital Management LLC now owns 5,321 shares of the company’s stock valued at $27,000 after purchasing an additional 4,756 shares in the last quarter. Allworth Financial LP boosted its holdings in Lightwave Logic by 461.0% in the third quarter. Allworth Financial LP now owns 9,127 shares of the company’s stock worth $46,000 after purchasing an additional 7,500 shares in the last quarter. StoneX Group Inc. bought a new stake in Lightwave Logic in the third quarter worth $53,000. Ancora Advisors LLC acquired a new position in Lightwave Logic during the second quarter worth $72,000. Finally, HighTower Advisors LLC acquired a new position in Lightwave Logic during the third quarter worth $79,000. 27.04% of the stock is owned by institutional investors.

Lightwave Logic Company Profile

Lightwave Logic, Inc. develops organic electro-optic polymer materials and photonic devices designed to improve the speed, efficiency, and scalability of optical data communications. Its technology is intended to convert electrical signals into optical signals for use in fiber-optic networks and other high-bandwidth applications. The company’s portfolio includes electro-optic polymer systems, chromophores, and polymer-based optical modulators. These technologies are designed for integration with photonic integrated circuits and semiconductor platforms and may support applications such as data centers, telecommunications networks, high-performance computing, artificial intelligence infrastructure, and optical computing.