Lightwave Logic (NASDAQ:LWLG) Shares Down 4.5% – Time to Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) traded down 4.5% during trading on Friday . The stock traded as low as $4.03 and last traded at $4.05. 638,720 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 2,512,637 shares. The stock had previously closed at $4.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Lightwave Logic Price Performance

The stock has a 50 day simple moving average of $4.11 and a two-hundred day simple moving average of $3.45. The company has a market cap of $555.10 million, a price-to-earnings ratio of -23.06 and a beta of 2.85.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.

Insiders Place Their Bets

In other news, Director Laila Partridge sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total value of $37,200.00. Following the completion of the sale, the director owned 63,963 shares of the company’s stock, valued at $237,942.36. This represents a 13.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. PTM Wealth Management LLC purchased a new position in Lightwave Logic in the second quarter worth approximately $134,000. UMB Bank n.a. lifted its stake in shares of Lightwave Logic by 5.8% in the 2nd quarter. UMB Bank n.a. now owns 367,092 shares of the company’s stock valued at $455,000 after purchasing an additional 20,000 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Lightwave Logic during the 2nd quarter worth $42,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Lightwave Logic by 18.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,547 shares of the company’s stock worth $44,000 after purchasing an additional 5,468 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position 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 last quarter. 27.04% of the stock is currently owned by institutional investors and hedge funds.

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.