Lightwave Logic (NASDAQ:LWLG) Trading Down 7.7% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price dropped 7.7% during mid-day trading on Friday . The company traded as low as $6.20 and last traded at $6.1650. Approximately 342,994 shares were traded during trading, a decline of 94% from the average daily volume of 5,495,182 shares. The stock had previously closed at $6.68.

Analyst Upgrades and Downgrades

LWLG has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Lightwave Logic Stock Down 5.7%

The firm has a 50-day simple moving average of $9.35 and a 200-day simple moving average of $7.99. The stock has a market cap of $971.11 million, a PE ratio of -36.93 and a beta of 2.40.

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

Hedge Funds Weigh In On Lightwave Logic

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after acquiring an additional 3,055 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic in the fourth quarter worth approximately $33,000. Bernardo Wealth Planning LLC purchased a new stake in Lightwave Logic in the fourth quarter valued at approximately $33,000. Dakota Wealth Management bought a new stake in Lightwave Logic during the fourth quarter valued at approximately $36,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Lightwave Logic during the third quarter valued at approximately $38,000. 27.04% of the stock is currently owned by institutional investors.

Lightwave Logic Company Profile

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.