Lightwave Logic (NASDAQ:LWLG) Stock Price Down 7.2% – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG) shares dropped 7.2% during mid-day trading on Wednesday . The company traded as low as $8.50 and last traded at $8.7830. 956,309 shares were traded during mid-day trading, a decline of 83% from the average session volume of 5,778,512 shares. The stock had previously closed at $9.46.

Wall Street Analyst Weigh In

Several brokerages have commented on LWLG. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightwave Logic has a consensus rating of “Sell”.

Lightwave Logic Trading Down 10.0%

The company has a market cap of $1.31 billion, a PE ratio of -50.09 and a beta of 3.05. The firm has a 50 day moving average of $11.96 and a two-hundred day moving average of $7.57.

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. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%. The company had revenue of $0.03 million for the quarter.

Insider Transactions at Lightwave Logic

In related news, insider Snizhana P. Quan sold 20,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $10.36, for a total transaction of $207,200.00. Following the sale, the insider directly owned 51,125 shares of the company’s stock, valued at approximately $529,655. This represents a 28.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $8.52, for a total transaction of $76,680.00. Following the sale, the director owned 77,132 shares of the company’s stock, valued at approximately $657,164.64. This represents a 10.45% decrease in their ownership of the stock. 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 sold a total of 83,881 shares of company stock valued at $711,016 in the last quarter. 2.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Lightwave Logic

Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Lightwave Logic in the 4th quarter worth about $428,000. Bernardo Wealth Planning LLC bought a new stake in shares of Lightwave Logic in the fourth quarter worth approximately $33,000. Farther Finance Advisors LLC raised its holdings in shares of Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after purchasing an additional 3,055 shares during the last quarter. Dakota Wealth Management purchased a new position in shares of Lightwave Logic during the fourth quarter valued at approximately $36,000. Finally, Kathmere Capital Management LLC bought a new position in Lightwave Logic during the fourth quarter valued at approximately $33,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

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.