Lightwave Logic (NASDAQ:LWLG) Cut to “Sell” at Wall Street Zen

Lightwave Logic (NASDAQ:LWLG) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Lightwave Logic Price Performance

Shares of LWLG stock opened at $12.85 on Friday. The stock’s fifty day simple moving average is $11.01 and its 200 day simple moving average is $6.49. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -75.58 and a beta of 3.22. Lightwave Logic has a one year low of $0.92 and a one year high of $18.71.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%.

Insider Buying and Selling

In other Lightwave Logic news, Director Laila Partridge sold 11,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $6.84, for a total value of $75,240.00. Following the transaction, the director owned 80,723 shares of the company’s stock, valued at approximately $552,145.32. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Snizhana P. Quan sold 20,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $10.36, for a total value of $207,200.00. Following the completion of the transaction, the insider directly owned 51,125 shares in the company, valued at approximately $529,655. This represents a 28.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 116,536 shares of company stock valued at $933,349. Insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Lightwave Logic during the fourth quarter worth $428,000. BIP Wealth LLC bought a new stake in shares of Lightwave Logic during the first quarter worth $196,000. Cannon Global Investment Management LLC bought a new stake in shares of Lightwave Logic during the first quarter worth $387,000. Brandywine Oak Private Wealth LLC bought a new stake in shares of Lightwave Logic during the first quarter worth $76,000. Finally, T3 Companies LLC bought a new stake in shares of Lightwave Logic during the fourth quarter worth $67,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Company Profile

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.