Lightwave Logic (NASDAQ:LWLG) Shares Down 5.2% – What’s Next?

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price traded down 5.2% during trading on Tuesday . The company traded as low as $5.10 and last traded at $5.1450. Approximately 382,614 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 5,078,599 shares. The stock had previously closed at $5.43.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen lowered Lightwave Logic from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lightwave Logic Trading Down 5.4%

The company’s fifty day moving average is $6.95 and its 200 day moving average is $8.51. The company has a market capitalization of $791.66 million, a P/E ratio of -32.09 and a beta of 2.49.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.03 million during the quarter. Lightwave Logic had a negative return on equity of 30.34% and a negative net margin of 9,143.60%.

Institutional Investors Weigh In On Lightwave Logic

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Lightwave Logic by 50.1% in the fourth 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. Jefferies Financial Group Inc. lifted its stake in shares of Lightwave Logic by 11.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after purchasing an additional 3,865 shares during the period. Greenspring Advisors LLC lifted its stake in shares of Lightwave Logic by 7.5% in the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock valued at $232,000 after purchasing an additional 5,000 shares during the period. Ancora Advisors LLC boosted its position in shares of Lightwave Logic by 292.1% during the second quarter. Ancora Advisors LLC now owns 7,571 shares of the company’s stock valued at $72,000 after purchasing an additional 5,640 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Lightwave Logic by 14.0% in the second quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after purchasing an additional 7,282 shares during the period. 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.