Wall Street Zen Downgrades Lightwave Logic (NASDAQ:LWLG) to Strong Sell

Key Points

• Wall Street Zen downgraded Lightwave Logic from “sell” to “strong sell,” while Weiss Ratings maintained a “sell (e+)” rating. MarketBeat reports an overall average rating of “Sell.”
• Lightwave Logic shares opened at $5.49, below their 50-day and 200-day moving averages of $7.04 and $8.46, respectively. The stock has traded between $2.84 and $18.71 over the past year and has a market capitalization of about $846 million.
• The company reported a quarterly loss of $0.04 per share on only $0.03 million in revenue, alongside a negative net margin of 9,143.60%. Institutional investors own approximately 27.04% of the stock, with BlackRock recently acquiring a sizable position.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Lightwave Logic in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

Lightwave Logic Price Performance

Shares of LWLG stock opened at $5.49 on Friday. The firm has a 50-day moving average of $7.04 and a 200-day moving average of $8.46. The company has a market cap of $846.39 million, a P/E ratio of -34.31 and a beta of 2.48. Lightwave Logic has a one year low of $2.84 and a one year high of $18.71.

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

Institutional Trading of Lightwave Logic

A number of large investors have recently added to or reduced their stakes in LWLG. BlackRock Inc. bought a new stake in Lightwave Logic in the second quarter worth about $116,413,000. Vanguard Group Inc. increased its stake in shares of Lightwave Logic by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company's stock worth $33,845,000 after purchasing an additional 296,908 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Lightwave Logic in the 4th quarter worth approximately $5,508,000. Geode Capital Management LLC raised its holdings in shares of Lightwave Logic by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company's stock worth $5,493,000 after purchasing an additional 120,454 shares during the period. Finally, California State Teachers Retirement System purchased a new position in Lightwave Logic in the second quarter valued at approximately $15,323,000. Hedge funds and other institutional investors own 27.04% of the company's stock.

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.

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