Lightwave Logic (NASDAQ:LWLG) Shares Down 4.7% – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price was down 4.7% on Monday . The stock traded as low as $7.15 and last traded at $7.2560. Approximately 3,498,331 shares traded hands during trading, an increase of 15% from the average daily volume of 3,048,596 shares. The stock had previously closed at $7.61.

Analysts Set New Price Targets

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

Lightwave Logic Stock Performance

The stock has a market capitalization of $1.02 billion, a P/E ratio of -42.44 and a beta of 3.02. The business has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $4.21.

Insider Buying and Selling at Lightwave Logic

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LWLG. Private Management Group Inc. bought a new position in Lightwave Logic in the 2nd quarter valued at $138,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Lightwave Logic in the second quarter worth $71,000. T3 Companies LLC bought a new stake in Lightwave Logic during the fourth quarter valued at $67,000. Greenspring Advisors LLC grew its position in Lightwave Logic by 7.5% during the fourth quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after buying an additional 5,000 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its position in Lightwave Logic by 11.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock worth $126,000 after buying an additional 3,865 shares in the last quarter. 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.