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

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $5.60, but opened at $5.13. Lightwave Logic shares last traded at $4.55, with a volume of 3,161,952 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightwave Logic has an average rating of “Sell”.

Lightwave Logic Price Performance

The business’s 50 day simple moving average is $3.85 and its 200-day simple moving average is $4.00. The stock has a market capitalization of $564.47 million, a P/E ratio of -23.44 and a beta of 3.02.

Insider Buying and Selling at Lightwave Logic

In other Lightwave Logic news, Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the transaction, the director owned 63,963 shares in the company, valued at approximately $237,942.36. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Siraj Nour El-Ahmadi sold 25,591 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total value of $89,056.68. Following the transaction, the director owned 123,944 shares of the company’s stock, valued at $431,325.12. The trade was a 17.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LWLG. Farther Finance Advisors LLC grew its holdings in 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 period. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic during the fourth quarter worth $33,000. Bernardo Wealth Planning LLC bought a new position in shares of Lightwave Logic during the fourth quarter worth $33,000. Dakota Wealth Management acquired a new position in shares of Lightwave Logic in the 4th quarter valued at $36,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic in the 3rd quarter valued at $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.