Now that LogicMark Inc.’s volume has hit 13.78 million, investors get a glimpse of its size.

A new trading day began on January 24, 2023, with LogicMark Inc. (NASDAQ: LGMK) stock priced at $0.23, down -37.02% from the previous day of trading. During the day, the shares moved up to $0.24 and dropped to $0.209 before settling in for the closing price of $0.37. LGMK’s price has ranged from $0.34 to $3.19 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 5.30%. Meanwhile, its annual earnings per share averaged -94.90%. With a float of $8.79 million, this company’s outstanding shares have now reached $9.61 million.

The extent of productivity of a business whose workforce counts for 19 workers is very important to gauge. In terms of profitability, gross margin is +49.08, operating margin of -30.20, and the pretax margin is -114.78.

LogicMark Inc. (LGMK) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Security & Protection Services Industry. The insider ownership of LogicMark Inc. is 0.30%, while institutional ownership is 7.70%. The most recent insider transaction that took place on Jun 22, was worth 11,460. In this transaction Director of this company bought 10,000 shares at a rate of $1.15, taking the stock ownership to the 27,645 shares.

LogicMark Inc. (LGMK) Performance Highlights and Predictions

In its latest quarterly report, released on 12/30/2019, the company reported earnings of $0.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -116.82 while generating a return on equity of -59.49. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -94.90% per share during the next fiscal year.

LogicMark Inc. (NASDAQ: LGMK) Trading Performance Indicators

Here are LogicMark Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.20

Technical Analysis of LogicMark Inc. (LGMK)

The latest stats from [LogicMark Inc., LGMK] show that its last 5-days average volume of 3.12 million was superior to 1.37 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 8.73%. Additionally, its Average True Range was 0.06.

During the past 100 days, LogicMark Inc.’s (LGMK) raw stochastic average was set at 2.12%, which indicates a significant decrease from 6.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 193.90% in the past 14 days, which was higher than the 110.22% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.5305, while its 200-day Moving Average is $1.0317. Now, the first resistance to watch is $0.2437. This is followed by the second major resistance level at $0.2573. The third major resistance level sits at $0.2747. If the price goes on to break the first support level at $0.2127, it is likely to go to the next support level at $0.1953. Assuming the price breaks the second support level, the third support level stands at $0.1817.

LogicMark Inc. (NASDAQ: LGMK) Key Stats

With a market capitalization of 2.22 million, the company has a total of 9,609K Shares Outstanding. Currently, annual sales are 10,020 K while annual income is -11,710 K. The company’s previous quarter sales were 2,750 K while its latest quarter income was -2,090 K.

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