Lightwave Logic (NASDAQ:LWLG) Shares Down 8.3% – Should You Sell?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) were down 8.3% during mid-day trading on Wednesday . The company traded as low as $4.15 and last traded at $4.0890. Approximately 902,069 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 2,205,468 shares. The stock had previously closed at $4.46.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Lightwave Logic Stock Down 2.2%

The company has a market capitalization of $583.21 million, a PE ratio of -24.22 and a beta of 2.85. The firm’s 50-day moving average is $4.01 and its 200-day moving average is $3.63.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.04) earnings per share for the quarter. Lightwave Logic had a negative net margin of 20,797.03% and a negative return on equity of 62.24%. The firm had revenue of $0.03 million for the quarter.

Insiders Place Their Bets

In other Lightwave Logic news, Director Laila Partridge sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total value of $37,200.00. Following the completion of the sale, the director owned 63,963 shares of the company’s stock, valued at $237,942.36. This 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 available through the SEC website. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in shares of Lightwave Logic by 225.2% in the 2nd quarter. Jane Street Group LLC now owns 545,100 shares of the company’s stock valued at $676,000 after purchasing an additional 377,484 shares in the last quarter. Marshall Wace LLP bought a new stake in Lightwave Logic in the second quarter worth $458,000. Private Advisor Group LLC purchased a new stake in Lightwave Logic during the third quarter valued at about $1,150,000. Vanguard Group Inc. grew its stake in shares of Lightwave Logic by 3.4% during the third quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock valued at $33,845,000 after buying an additional 296,908 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Lightwave Logic in the second quarter worth about $340,000. 27.04% of the stock is 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.