LogicMark Inc (NASDAQ: LGMK) is -87.77% lower on its value in year-to-date trading and has touched a low of $0.17 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 $0.18 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.18, the stock is -66.33% and -83.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.61 million and changing 0.22% at the moment leaves the stock -97.15% off its SMA200. LGMK registered -99.24% loss for a year compared to 6-month loss of -95.90%.
The stock witnessed a -84.46% gain in the last 1 month and extending the period to 3 months gives it a -89.40%, and is -29.27% 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 17.56% over the week and 14.96% over the month.
LogicMark Inc (LGMK) has around 26 employees, a market worth around $1.20M and $10.08M in sales. Profit margin for the company is -154.16%. Distance from 52-week low is 4.80% and -99.43% 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 3.80M with Short Float at 12.34%.
LogicMark Inc (LGMK) Insider Activity
A total of 0 insider transactions have happened at LogicMark Inc (LGMK) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
LogicMark Inc (LGMK): Who are the competitors?
The company’s main competitors (and peers) include Pitney Bowes Inc. (PBI) that is trading 157.77% up over the past 12 months. Mitek Systems Inc. (MITK) that is -22.73% lower over the same period.
