Lightwave Logic (NASDAQ:LWLG) Trading Down 15.4% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) traded down 15.4% during trading on Friday . The stock traded as low as $10.32 and last traded at $10.30. 3,411,254 shares traded hands during trading, a decline of 41% from the average session volume of 5,814,994 shares. The stock had previously closed at $12.18.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lightwave Logic Trading Down 16.7%

The company has a market cap of $1.56 billion, a PE ratio of -59.64 and a beta of 3.05. The firm’s 50-day simple moving average is $11.85 and its two-hundred day simple moving average is $6.92.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.

Insider Buying and Selling

In other news, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total value of $76,120.00. Following the completion of the transaction, the director directly owned 294,879 shares in the company, valued at $2,040,562.68. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Snizhana P. Quan sold 20,000 shares of Lightwave Logic stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $10.36, for a total value of $207,200.00. Following the sale, the insider directly owned 51,125 shares of the company’s stock, valued at $529,655. This trade represents a 28.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 116,881 shares of company stock worth $937,286 over the last three months. Corporate insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Lightwave Logic

Several hedge funds and other institutional investors have recently bought and sold shares of LWLG. Bank of America Corp DE raised its position in Lightwave Logic by 177.3% during the 1st quarter. Bank of America Corp DE now owns 201,751 shares of the company’s stock worth $1,418,000 after buying an additional 128,988 shares during the last quarter. Amundi purchased a new stake in shares of Lightwave Logic in the 1st quarter valued at $281,000. Royal Bank of Canada boosted its holdings in shares of Lightwave Logic by 1,952.2% in the 1st quarter. Royal Bank of Canada now owns 25,652 shares of the company’s stock valued at $180,000 after acquiring an additional 24,402 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Lightwave Logic in the first quarter worth $115,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Lightwave Logic in the first quarter worth $88,000. Institutional investors and hedge funds 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.