Lightwave Logic (NASDAQ:LWLG) Shares Down 7.7% – What’s Next?

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price dropped 7.7% during mid-day trading on Friday . The company traded as low as $6.20 and last traded at $6.1650. 342,994 shares traded hands during trading, a decline of 94% from the average session volume of 5,495,182 shares. The stock had previously closed at $6.68.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LWLG. Wall Street Zen cut shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightwave Logic currently has an average rating of “Sell”.

Lightwave Logic Stock Performance

The company has a market capitalization of $932.43 million, a price-to-earnings ratio of -35.59 and a beta of 2.40. The business’s 50-day simple moving average is $9.20 and its 200-day simple moving average is $7.98.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.04) EPS 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%.

Institutional Trading of Lightwave Logic

A number of hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Lightwave Logic by 159.4% in the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after purchasing an additional 35,000 shares during the period. XTX Topco Ltd raised its stake in Lightwave Logic by 183.6% during the 2nd quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock worth $70,000 after buying an additional 36,649 shares during the period. Marshall Wace LLP bought a new position in Lightwave Logic during the second quarter worth about $458,000. Jump Financial LLC bought a new stake in shares of Lightwave Logic in the second quarter worth about $56,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Lightwave Logic in the second quarter worth about $39,000. 27.04% of the stock is currently owned by institutional investors and hedge funds.

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.