Lightwave Logic (NASDAQ:LWLG) Shares Down 6.7% - What's Next?

Key Points

• Lightwave Logic's stock fell by 6.7% on Tuesday, closing at $4.61, with a trading volume that was 2% lower than the average.
• A recent analysis indicates a consensus "sell" rating for the company, despite an upgrade from "sell" to "hold" by Wall Street Zen.
• Insider trading was noted, with directors selling a total of 26,000 shares in the last quarter, reflecting a decrease in their positions.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) was down 6.7% during trading on Tuesday . The company traded as low as $4.69 and last traded at $4.61. Approximately 1,330,924 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 1,363,230 shares. The stock had previously closed at $4.94.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LWLG shares. Wall Street Zen upgraded shares of Lightwave Logic from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Weiss Ratings restated a "sell (e+)" rating on shares of Lightwave Logic in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of "Sell".

Lightwave Logic Stock Performance

The stock has a market cap of $597.37 million, a price-to-earnings ratio of -25.62 and a beta of 2.53. The company's 50 day simple moving average is $3.06 and its two-hundred day simple moving average is $1.85.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 66.64%.

Insider Buying and Selling at Lightwave Logic

In other Lightwave Logic news, Director Ronald A. Bucchi sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $3.97, for a total value of $39,700.00. Following the transaction, the director owned 185,583 shares in the company, valued at approximately $736,764.51. This represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Connelly, Jr. sold 6,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.25, for a total transaction of $25,500.00. Following the transaction, the director owned 45,811 shares in the company, valued at approximately $194,696.75. This trade represents a 11.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,000 shares of company stock worth $106,300. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its stake 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. Osaic Holdings Inc. grew its stake in Lightwave Logic by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company's stock valued at $74,000 after buying an additional 7,282 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Lightwave Logic by 42.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 36,283 shares of the company's stock valued at $45,000 after buying an additional 10,839 shares during the last quarter. UMB Bank n.a. grew its stake in 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 buying an additional 20,000 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Lightwave Logic in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 27.04% of the company's stock.

Lightwave Logic Company Profile

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.

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