Lightwave Logic (NASDAQ:LWLG) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Lightwave Logic (NASDAQ:LWLG) from a sell rating to a strong sell rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Lightwave Logic Price Performance

LWLG stock opened at $5.60 on Friday. Lightwave Logic has a 1-year low of $2.84 and a 1-year high of $18.71. The business has a fifty day moving average price of $6.54 and a 200-day moving average price of $8.59. The stock has a market capitalization of $863.34 million, a P/E ratio of -35.00 and a beta of 2.41.

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

Institutional Trading of Lightwave Logic

A number of hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Lightwave Logic by 159.4% in the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after purchasing an additional 35,000 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of Lightwave Logic by 183.6% in the 2nd quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock worth $70,000 after purchasing an additional 36,649 shares during the period. Marshall Wace LLP bought a new stake in Lightwave Logic during the second quarter valued at approximately $458,000. Jump Financial LLC bought a new stake in Lightwave Logic during the second quarter valued at approximately $56,000. Finally, WINTON GROUP Ltd purchased a new stake in Lightwave Logic during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors 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.