LogicMark Inc (NASDAQ: LGMK) is -88.20% lower on its value in year-to-date trading and has touched a low of $0.16 and a high of $30.00 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 $0.17 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.18, the stock is -22.94% and -78.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.26 million and changing 3.69% at the moment leaves the stock -96.80% off its SMA200. LGMK registered -99.38% loss for a year compared to 6-month loss of -95.87%. The firm has a 50-day simple moving average (SMA 50) of $0.83434 and a 200-day simple moving average (SMA200) of $5.523335.
The stock witnessed a -74.89% gain in the last 1 month and extending the period to 3 months gives it a -90.33%, and is -13.66% 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 12.25% over the week and 16.39% over the month.
LogicMark Inc (LGMK) has around 26 employees, a market worth around $1.17M and $10.08M in sales. Profit margin for the company is -154.16%. Distance from 52-week low is 10.35% and -99.41% 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
13.0 institutions hold shares in LogicMark Inc (LGMK), with institutional investors hold 13.26% of the company’s shares. The shares outstanding are 6.58M, and float is at 5.92M with Short Float at 2.75%. Institutions hold 11.91% of the Float.
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).
