Lightwave Logic Inc. (NASDAQ:LWLG – Get Free Report)’s stock price dropped 9.6% during trading on Monday . The stock traded as low as $12.15 and last traded at $12.34. Approximately 2,746,144 shares changed hands during trading, a decline of 51% from the average daily volume of 5,631,431 shares. The stock had previously closed at $13.65.
Wall Street Analyst Weigh In
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.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on Lightwave Logic
Lightwave Logic Price Performance
Lightwave Logic (NASDAQ:LWLG – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.The business had revenue of $0.03 million for the quarter.
Insider Activity at Lightwave Logic
In other news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total transaction of $423,199.36. Following the completion of the transaction, the director owned 97,168 shares of the company’s stock, valued at approximately $754,023.68. This represents a 35.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total value of $76,120.00. Following the completion of the sale, the director owned 294,879 shares of the company’s stock, valued at $2,040,562.68. This represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 116,536 shares of company stock valued at $933,349. 2.21% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Lightwave Logic
Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after buying an additional 3,055 shares during the period. Kathmere Capital Management LLC bought a new position in Lightwave Logic in the 4th quarter valued at $33,000. Bernardo Wealth Planning LLC bought a new stake in Lightwave Logic during the 4th quarter worth about $33,000. Dakota Wealth Management bought a new stake in shares of Lightwave Logic during the fourth quarter worth approximately $36,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Lightwave Logic in the 3rd quarter valued at $38,000. 27.04% of the stock is owned by institutional investors.
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.
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