Lightwave Logic (NASDAQ:LWLG) Trading Down 9.6% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG) was down 9.6% during mid-day trading on Monday . The stock traded as low as $12.15 and last traded at $12.34. Approximately 2,746,144 shares were traded during trading, a decline of 51% from the average daily volume of 5,631,431 shares. The stock had previously closed at $13.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Lightwave Logic Trading Down 14.5%

The company has a market capitalization of $1.76 billion, a PE ratio of -68.69 and a beta of 3.22. The stock’s 50-day moving average is $10.23 and its two-hundred day moving average is $6.24.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. Lightwave Logic had a negative return on equity of 45.45% and a negative net margin of 9,019.34%.The firm had revenue of $0.03 million during the quarter.

Insider Buying and Selling at Lightwave Logic

In other news, Director Laila Partridge sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total transaction of $75,240.00. Following the transaction, the director directly owned 80,723 shares of the company’s stock, valued at approximately $552,145.32. This trade represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total transaction of $76,120.00. Following the transaction, the director directly owned 294,879 shares in the company, valued at approximately $2,040,562.68. This trade represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 116,536 shares of company stock valued at $933,349. 2.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lightwave Logic

A number of institutional investors have recently modified their holdings of LWLG. Envestnet Asset Management Inc. increased its position in shares of Lightwave Logic by 159.4% during the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after acquiring an additional 35,000 shares during the period. XTX Topco Ltd increased its holdings in Lightwave Logic by 183.6% during the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock valued at $70,000 after buying an additional 36,649 shares during the period. Marshall Wace LLP purchased a new position in Lightwave Logic during the second quarter valued at approximately $458,000. Jump Financial LLC purchased a new position in Lightwave Logic during the second quarter valued at approximately $56,000. Finally, WINTON GROUP Ltd purchased a new position in Lightwave Logic during the second quarter valued at approximately $39,000. 27.04% of the stock is owned by hedge funds and other institutional investors.

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.