Lightwave Logic (NASDAQ:LWLG) Stock Price Down 4.8% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price dropped 4.8% on Monday . The stock traded as low as $5.10 and last traded at $4.9810. Approximately 240,561 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,418,502 shares. The stock had previously closed at $5.23.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Lightwave Logic from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Lightwave Logic Trading Up 11.6%

The stock has a fifty day moving average of $4.32 and a two-hundred day moving average of $2.54. The company has a market capitalization of $755.28 million, a PE ratio of -32.74 and a beta of 2.58.

Lightwave Logic (NASDAQ:LWLG) last issued its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million during the quarter. Lightwave Logic had a negative return on equity of 66.64% and a negative net margin of 22,321.05%.

Insider Activity at Lightwave Logic

In related news, Director Ronald A. Bucchi sold 10,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $3.97, for a total transaction of $39,700.00. Following the transaction, the director owned 185,583 shares of the company’s stock, valued at approximately $736,764.51. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.11, for a total value of $41,100.00. Following the transaction, the director directly owned 53,802 shares in the company, valued at $221,126.22. This trade represents a 15.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,000 shares of company stock valued at $106,300. Insiders own 4.20% of the company’s stock.

Institutional Trading of Lightwave Logic

Hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen LLC purchased a new stake in Lightwave Logic during the 1st quarter valued at $315,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Lightwave Logic in the 2nd quarter worth $340,000. PTM Wealth Management LLC bought a new stake in shares of Lightwave Logic in the second quarter worth $134,000. Truist Financial Corp purchased a new stake in Lightwave Logic during the second quarter valued at $42,000. Finally, UMB Bank n.a. increased its position in Lightwave Logic by 5.8% during the second quarter. UMB Bank n.a. now owns 367,092 shares of the company’s stock valued at $455,000 after acquiring an additional 20,000 shares during the last quarter. 27.04% of the stock is owned by hedge funds and other institutional investors.

About Lightwave Logic

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.