Lightwave Logic (NASDAQ:LWLG) Stock Price Down 6.9% – Time to Sell?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) traded down 6.9% during mid-day trading on Tuesday . The company traded as low as $9.46 and last traded at $9.3830. 983,388 shares were traded during mid-day 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

A number of research firms have recently weighed in on LWLG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday, April 21st. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic has an average rating of “Sell”.

Lightwave Logic Price Performance

The company has a fifty day moving average of $12.19 and a 200-day moving average of $7.19. The firm has a market capitalization of $1.48 billion, a PE ratio of -56.26 and a beta of 3.06.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Friday, May 15th. 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 return on equity of 38.79% and a negative net margin of 9,019.34%.

Insider Buying and Selling at Lightwave Logic

In other news, Director Laila Partridge sold 11,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total transaction of $75,240.00. Following the transaction, the director owned 80,723 shares in the company, valued at approximately $552,145.32. This trade represents a 11.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Ciesla sold 11,000 shares of Lightwave Logic stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total transaction of $74,910.00. Following the completion of the transaction, the director owned 118,824 shares in the company, valued at $809,191.44. This trade represents a 8.47% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 116,881 shares of company stock worth $937,286 in the last ninety days. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LWLG. Farther Finance Advisors LLC raised 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 worth $30,000 after acquiring an additional 3,055 shares during the period. Kathmere Capital Management LLC bought a new position in Lightwave Logic in the 4th quarter worth $33,000. Bernardo Wealth Planning LLC bought a new position in Lightwave Logic in the 4th quarter worth $33,000. Dakota Wealth Management bought a new position in Lightwave Logic in the 4th quarter worth $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Lightwave Logic in the 3rd quarter worth $38,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Company Profile

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.