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

Key Points

• Lightwave Logic shares fell 6.7% to about $4.64, with trading volume far below its average. The stock remains below both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: ratings range from “strong sell” to “buy,” while the consensus rating is Hold with a $10.00 price target.
• The company continues to report weak fundamentals, including quarterly revenue of just $0.03 million, a $0.04 per-share loss, and a sharply negative net margin. Institutional investors and hedge funds own approximately 27% of the stock.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) dropped 6.7% during trading on Monday. The stock traded as low as $4.68 and last traded at $4.6350. Approximately 389,315 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 4,765,319 shares. The stock had previously closed at $4.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Lightwave Logic from a "sell" rating to a "strong sell" rating in a report on Sunday, September 6th. Zacks Research upgraded shares of Lightwave Logic to a "hold" rating in a research note on Friday, October 2nd. Freedom Broker began coverage on shares of Lightwave Logic in a research note on Thursday, September 17th. They issued a "buy" rating and a $10.00 price target for the company. Finally, Weiss Ratings reissued 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 Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Lightwave Logic presently has an average rating of "Hold" and a consensus price target of $10.00.

Lightwave Logic Stock Performance

The firm has a market capitalization of $702.23 million, a price-to-earnings ratio of -28.47 and a beta of 2.40. The business has a fifty day moving average of $5.89 and a two-hundred day moving average of $8.56.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last posted 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 business had revenue of $0.03 million during the quarter. As a group, sell-side analysts predict that Lightwave Logic Inc. will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightwave Logic

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Lightwave Logic during the 2nd quarter worth about $432,000. Engineers Gate Manager LP bought a new stake in shares of Lightwave Logic during the 2nd quarter worth about $136,000. Squarepoint Ops LLC boosted its holdings in shares of Lightwave Logic by 5.7% during the 2nd quarter. Squarepoint Ops LLC now owns 200,704 shares of the company's stock worth $1,899,000 after buying an additional 10,818 shares during the period. Arizona State Retirement System acquired a new position in Lightwave Logic in the 2nd quarter valued at about $393,000. Finally, Wedmont Private Capital acquired a new position in Lightwave Logic in the 2nd quarter valued at about $203,000. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Lightwave Logic Company Profile

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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