Lightwave Logic (NASDAQ:LWLG) Shares Down 8.3% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG) fell 8.3% during trading on Wednesday . The company traded as low as $8.49 and last traded at $8.49. 2,306,827 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 5,650,966 shares. The stock had previously closed at $9.26.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LWLG. Wall Street Zen downgraded shares of Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic has an average rating of “Sell”.

Lightwave Logic Price Performance

The stock has a fifty day moving average of $12.17 and a 200 day moving average of $7.47. The firm has a market capitalization of $1.21 billion, a P/E ratio of -46.01 and a beta of 3.05.

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

Insider Buying and Selling

In related news, Director Ronald A. Bucchi sold 11,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total transaction of $76,120.00. Following the completion of the transaction, the director owned 294,879 shares in the company, valued at approximately $2,040,562.68. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Ciesla 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 $6.81, for a total transaction of $74,910.00. Following the sale, the director owned 118,824 shares of the company’s stock, valued at $809,191.44. This trade represents a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 116,881 shares of company stock worth $937,286 in the last ninety days. Corporate insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Lightwave Logic

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after purchasing an additional 3,055 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic in the third quarter valued at $38,000. Bernardo Wealth Planning LLC purchased a new position in shares of Lightwave Logic during the 4th quarter valued at $33,000. Kathmere Capital Management LLC purchased a new position in shares of Lightwave Logic during the 4th quarter valued at $33,000. Finally, Brandywine Oak Private Wealth LLC bought a new position in shares of Lightwave Logic during the 1st quarter worth $76,000. 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.