Lightwave Logic (NASDAQ:LWLG) Stock Price Down 7% - What's Next?

Key Points

• Lightwave Logic shares fell 7% intraday to about $7.45, with trading volume below the stock’s average. The decline pushed the stock below its 50-day and 200-day moving averages.
• Analyst sentiment remains negative: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings reiterated a “sell (e+)” rating, and MarketBeat reports a consensus “Sell” rating.
• The company continues to report weak financial results, including a quarterly loss of $0.04 per share, only $0.03 million in revenue, negative return on equity, and a negative net margin. Institutional investors own 27.04% of the shares.

Shares of Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) fell 7% during mid-day trading on Thursday . The stock traded as low as $7.54 and last traded at $7.4480. Approximately 2,162,957 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 5,303,949 shares. The stock had previously closed at $8.01.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen cut Lightwave Logic from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. Weiss Ratings reiterated a "sell (e+)" rating on shares of Lightwave Logic in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightwave Logic currently has a consensus rating of "Sell".

Lightwave Logic Trading Down 9.0%

The business has a 50 day moving average price of $7.90 and a 200-day moving average price of $8.25. The firm has a market capitalization of $1.12 billion, a PE ratio of -42.76 and a beta of 2.48.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.

Hedge Funds Weigh In On Lightwave Logic

A number of large investors have recently made changes to their positions in LWLG. Farther Finance Advisors LLC boosted its holdings in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company's stock worth $30,000 after buying an additional 3,055 shares in the last quarter. Bernardo Wealth Planning LLC acquired a new stake in shares of Lightwave Logic during the 4th quarter valued at approximately $33,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Lightwave Logic during the 3rd quarter valued at approximately $38,000. WINTON GROUP Ltd purchased a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $39,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Lightwave Logic in the 2nd quarter worth approximately $40,000. 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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