LogicMark Inc (NASDAQ: LGMK) is -99.09% lower on its value in year-to-date trading. 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 $0.01 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.01, the stock is 3.94% and -79.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 130.49 million and changing 2.26% at the moment leaves the stock -99.38% off its SMA200. LGMK registered -99.93% loss for a year compared to 6-month loss of -99.54%.
The stock witnessed a 37.37% gain in the last 1 month and extending the period to 3 months gives it a -98.05%, and is -12.26% 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 22.55% over the week and 27.58% over the month.
LogicMark Inc (LGMK) has around 35 employees, a market worth around $0.83M and $9.90M in sales. Profit margin for the company is -93.96%. The company has generated returns on investments over the last 12 months (-76.31%).
with sales reaching $2.63M over the same period., but quarterly earnings will post 0.55% year-over-year. Quarterly sales are estimated to grow 0.60% in year-over-year returns.
LogicMark Inc (LGMK) Top Institutional Holders
The shares outstanding are 60.59M, and float is at 54.49M with Short Float at 24.36%.
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).
