Lightwave Logic (NASDAQ:LWLG) Shares Down 4.4% – Time to Sell?
by Renee Jackson · The Cerbat GemLightwave Logic Inc. (NASDAQ:LWLG – Get Free Report)’s stock price was down 4.4% during mid-day trading on Wednesday . The company traded as low as $11.50 and last traded at $11.68. Approximately 1,299,856 shares changed hands during trading, a decline of 68% from the average daily volume of 4,083,078 shares. The stock had previously closed at $12.22.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
View Our Latest Analysis on Lightwave Logic
Lightwave Logic Price Performance
The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -66.58 and a beta of 2.75. The stock has a 50-day moving average of $5.89 and a 200-day moving average of $4.85.
Lightwave Logic (NASDAQ:LWLG – Get Free Report) last issued its earnings results on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.16 million during the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%.
Insider Activity
In other Lightwave Logic news, Director Laila Partridge sold 11,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.84, for a total transaction of $75,240.00. Following the completion of the transaction, the director owned 80,723 shares of the company’s stock, valued at approximately $552,145.32. The trade was a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Snizhana P. Quan sold 20,000 shares of the business’s 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 transaction, the insider directly owned 51,125 shares of the company’s stock, valued at approximately $529,655. The trade was a 28.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 142,127 shares of company stock valued at $1,022,406. Corporate insiders own 4.20% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Lightwave Logic by 50.1% during 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. Sherbrooke Park Advisers LLC acquired a new stake in shares of Lightwave Logic during the 3rd quarter valued at $38,000. Bernardo Wealth Planning LLC acquired a new stake in shares of Lightwave Logic during the 4th quarter valued at $33,000. Kathmere Capital Management LLC acquired a new stake in shares of Lightwave Logic during the 4th quarter valued at $33,000. Finally, Dakota Wealth Management acquired a new stake in shares of Lightwave Logic during the 4th quarter valued at $36,000. 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.