Lightwave Logic (NASDAQ:LWLG) Shares Down 6.4% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price was down 6.4% during trading on Wednesday . The stock traded as low as $6.15 and last traded at $6.2150. Approximately 1,859,674 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 5,246,315 shares. The stock had previously closed at $6.64.

Wall Street Analyst Weigh In

LWLG has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Friday, July 17th. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightwave Logic has a consensus rating of “Sell”.

Lightwave Logic Trading Up 2.6%

The company’s fifty day moving average is $7.50 and its 200 day moving average is $8.39. The company has a market capitalization of $965.09 million, a P/E ratio of -39.12 and a beta of 2.48.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%.

Hedge Funds Weigh In On Lightwave Logic

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in Lightwave Logic during the 3rd quarter valued at about $38,000. WINTON GROUP Ltd purchased a new position in Lightwave Logic during the 2nd quarter valued at about $39,000. Hudson Bay Capital Management LP bought a new stake in shares of Lightwave Logic during the second quarter valued at about $40,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Lightwave Logic by 42.6% in the second quarter. Tower Research Capital LLC TRC now owns 36,283 shares of the company’s stock worth $45,000 after buying an additional 10,839 shares in the last quarter. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

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.