Lightwave Logic (NASDAQ:LWLG) Stock Price Down 11.9% - Should You Sell?

Key Points

• Lightwave Logic shares fell 11.9% to $4.324, with 1.31 million shares traded—72% below average volume.
• Analyst views are mixed: the stock has an average Hold rating and a $10 consensus price target, with ratings ranging from Buy to Sell.
• The company reported a quarterly loss of $0.04 per share and just $0.03 million in revenue; analysts expect a full-year loss of $0.18 per share.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report)'s share price dropped 11.9% during trading on Tuesday. The company traded as low as $4.42 and last traded at $4.3240. 1,310,818 shares traded hands during trading, a decline of 72% from the average session volume of 4,669,988 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

LWLG has been the topic of a number of recent research reports. Freedom Broker initiated coverage on shares of Lightwave Logic in a report on Thursday, September 17th. They issued a "buy" rating and a $10.00 target price 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. Weiss Ratings reissued a "sell (e+)" rating on shares of Lightwave Logic in a research report on Thursday, October 15th. Finally, Zacks Research raised shares of Lightwave Logic to a "hold" rating in a research note on Friday, October 2nd. 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. According to MarketBeat.com, Lightwave Logic has an average rating of "Hold" and a consensus target price of $10.00.

Lightwave Logic Stock Down 12.2%

The stock has a fifty day moving average of $4.85 and a two-hundred day moving average of $7.27. The stock has a market cap of $664.94 million, a price-to-earnings ratio of -27.03 and a beta of 2.42.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%. Equities research analysts anticipate that Lightwave Logic Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightwave Logic

Several hedge funds and other institutional investors have recently bought and sold shares of LWLG. HighTower Advisors LLC bought a new position in shares of Lightwave Logic in the third quarter valued at approximately $79,000. Allworth Financial LP boosted its holdings in Lightwave Logic by 461.0% during the third quarter. Allworth Financial LP now owns 9,127 shares of the company's stock worth $46,000 after buying an additional 7,500 shares in the last quarter. M Holdings Securities Inc. acquired a new position in Lightwave Logic in the third quarter worth approximately $259,000. StoneX Group Inc. acquired a new position in Lightwave Logic in the third quarter worth approximately $53,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Lightwave Logic by 53.6% in the third quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock valued at $83,000 after buying an additional 5,762 shares in the last quarter. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

Lightwave Logic Company Profile

Lightwave Logic, Inc. develops organic electro-optic polymer materials and photonic devices designed to improve the speed, efficiency, and scalability of optical data communications. Its technology is intended to convert electrical signals into optical signals for use in fiber-optic networks and other high-bandwidth applications. The company's portfolio includes electro-optic polymer systems, chromophores, and polymer-based optical modulators. These technologies are designed for integration with photonic integrated circuits and semiconductor platforms and may support applications such as data centers, telecommunications networks, high-performance computing, artificial intelligence infrastructure, and optical computing.

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