Lightwave Logic (NASDAQ:LWLG) Stock Price Down 4.7% – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) was down 4.7% during mid-day trading on Monday . The stock traded as low as $7.15 and last traded at $7.2560. Approximately 3,498,331 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 3,048,596 shares. The stock had previously closed at $7.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

The company has a 50-day moving average of $4.12 and a 200-day moving average of $4.15. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -41.91 and a beta of 3.02.

Insiders Place Their Bets

In other news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total transaction of $89,056.68. Following the completion of the sale, the director directly owned 123,944 shares of the company’s stock, valued at $431,325.12. The trade was a 17.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Laila Partridge sold 10,000 shares of the company’s stock in a transaction 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 sale, the director owned 63,963 shares of the company’s stock, valued at approximately $237,942.36. The trade was a 13.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lightwave Logic

A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Lightwave Logic by 159.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after purchasing an additional 35,000 shares during the period. Catalyst Funds Management Pty Ltd purchased a new position in Lightwave Logic in the second quarter valued at approximately $71,000. Private Management Group Inc. acquired a new position in Lightwave Logic during the second quarter valued at approximately $138,000. XTX Topco Ltd grew its stake in Lightwave Logic by 183.6% during the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock worth $70,000 after buying an additional 36,649 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Lightwave Logic in the second quarter worth $458,000. 27.04% of the stock is currently 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.