Lightwave Logic (NASDAQ:LWLG) Trading Down 0.3% – Should You Sell?

Lightwave Logic Inc. (NASDAQ:LWLG) fell 0.3% during mid-day trading on Thursday . The stock traded as low as $3.27 and last traded at $3.44. 843,350 shares were traded during trading, a decline of 50% from the average session volume of 1,699,977 shares. The stock had previously closed at $3.45.

Analyst Ratings Changes

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

Lightwave Logic Stock Down 0.3%

The firm has a market cap of $460.13 million, a price-to-earnings ratio of -19.11 and a beta of 3.02. The stock’s 50-day moving average price is $3.64 and its 200 day moving average price is $3.84.

Insiders Place Their Bets

In other Lightwave Logic 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 value of $89,056.68. Following the sale, the director 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 SEC, which can be accessed through this link. Also, Director Laila Partridge sold 10,000 shares of Lightwave Logic stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total transaction of $37,200.00. Following the sale, the director owned 63,963 shares in the company, valued at approximately $237,942.36. This trade represents 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 insiders.

Institutional Trading of Lightwave Logic

Several large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Lightwave Logic in the second quarter valued at approximately $340,000. Private Management Group Inc. bought a new stake in shares of Lightwave Logic during the second quarter worth $138,000. Catalyst Funds Management Pty Ltd acquired a new position in shares of Lightwave Logic during the second quarter valued at $71,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Lightwave Logic by 18.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 35,547 shares of the company’s stock valued at $44,000 after acquiring an additional 5,468 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its position in Lightwave Logic by 11.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock worth $126,000 after purchasing an additional 3,865 shares during the period. Institutional investors own 27.04% of the company’s stock.

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.