LogicMark Inc (NASDAQ: LGMK) is -82.71% lower on its value in year-to-date trading and has touched a low of $0.25 and a high of $32.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LGMK stock was last observed hovering at around $0.26 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.26, the stock is -67.14% and -79.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.0 million and changing 0.82% at the moment leaves the stock -96.25% off its SMA200. LGMK registered -98.97% loss for a year compared to 6-month loss of -94.33%..
The stock witnessed a -79.90% gain in the last 1 month and extending the period to 3 months gives it a -89.59%, and is -55.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.42% over the week and 12.37% over the month.
LogicMark Inc (LGMK) has around 26 employees, a market worth around $1.30M and $10.08M in sales. Profit margin for the company is -154.16%. Distance from 52-week low is 3.72% and -99.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-109.71%).
with sales reaching $2.23M over the same period.The EPS is expected to grow by 81.39% this year, but quarterly earnings will post -0.45% year-over-year. Quarterly sales are estimated to shrink -7.99% in year-over-year returns.
LogicMark Inc (LGMK) Top Institutional Holders
The shares outstanding are 5.01M, and float is at 4.69M with Short Float at 0.87%.
LogicMark Inc (LGMK) Insider Activity
The most recent transaction is an insider purchase by Winvest Investment Fund Manage , the company’s 10% Owner. SEC filings show that Winvest Investment Fund Manage bought 2,104,107 shares of the company’s common stock on Oct 15 ’24 at a price of $0.08 per share for a total of $0.18 million. Following the purchase, the insider now owns 3.05 million shares.
LogicMark Inc disclosed in a document filed with the SEC on Oct 16 ’24 that Winvest Investment Fund Manage (10% Owner) bought a total of 1,024,400 shares of the company’s common stock. The trade occurred on Oct 16 ’24 and was made at $0.09 per share for $93016.0. Following the transaction, the insider now directly holds 4.07 million shares of the LGMK stock.
Still, SEC filings show that on Oct 09 ’24, Winvest Investment Fund Manage (10% Owner) acquired 336,100 shares at an average price of $0.10 for $35190.0. The insider now directly holds 945,700 shares of LogicMark Inc (LGMK).
