Lightwave Logic (NASDAQ:LWLG) Shares Down 5.5% - What's Next?

Key Points

• Lightwave Logic shares fell 5.5% to about $5.39, with trading volume down 93% from its average. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: Freedom Broker initiated coverage with a Buy rating and a $10 target, while other sources maintained or issued Sell ratings. The overall consensus is Hold with a $10 target price.
• The company continues to report weak fundamentals, including quarterly revenue of just $0.03 million, a loss of $0.04 per share, and a sharply negative net margin. Institutional investors own 27.04% of the stock, led by a newly reported $116.4 million BlackRock stake.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) traded down 5.5% during mid-day trading on Monday. The stock traded as low as $5.39 and last traded at $5.3860. 350,956 shares traded hands during trading, a decline of 93% from the average daily volume of 4,809,270 shares. The stock had previously closed at $5.70.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LWLG shares. Freedom Broker assumed coverage on Lightwave Logic in a research report on Thursday, September 17th. They issued a "buy" rating and a $10.00 target price for the company. Wall Street Zen downgraded Lightwave Logic from a "sell" rating to a "strong sell" rating in a research note on Sunday, September 6th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Lightwave Logic in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.00.

Lightwave Logic Stock Performance

The stock has a market cap of $856.41 million, a P/E ratio of -34.47 and a beta of 2.40. The firm has a 50 day moving average of $5.95 and a two-hundred day moving average of $8.62.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last released its earnings results on Friday, August 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 net margin of 9,143.60% and a negative return on equity of 30.34%. On average, sell-side analysts anticipate that Lightwave Logic Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightwave Logic

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Lightwave Logic in the second quarter valued at about $116,413,000. Bank of New York Mellon Corp acquired a new stake in shares of Lightwave Logic in the 2nd quarter valued at $4,370,000. Algert Global LLC acquired a new stake in shares of Lightwave Logic in the 2nd quarter valued at $2,753,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Lightwave Logic in the 2nd quarter worth about $2,069,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Lightwave Logic by 5.7% in the 2nd quarter. Squarepoint Ops LLC now owns 200,704 shares of the company's stock worth $1,899,000 after purchasing an additional 10,818 shares during the last quarter. Institutional investors own 27.04% of the company's stock.

About Lightwave Logic

Lightwave Logic, Inc develops advanced electro-optic polymer materials and technologies designed to convert electrical signals into optical signals. Its technology is intended for use in photonic devices that support high-speed data transmission across communications and computing networks.

The company's offerings include its Perkinamine family of electro-optic chromophores and related organic polymer systems, as well as device designs and development expertise for polymer-based optical modulators.

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