LogicMark Inc (NASDAQ: LGMK) kicked off on Monday, up 19.10% from the previous trading day, before settling in for the closing price of $0.09. Over the past 52 weeks, LGMK has traded in a range of $0.08-$2.20.
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During the last 5-year period, the sales drop of Healthcare Sector giant was -8.66%. While this was happening, its average annual earnings per share was recorded 81.56%. With a float of $5.69 million, this company’s outstanding shares have now reached $6.07 million.
Let’s determine the extent of company efficiency that accounts for 26 employees. In terms of profitability, gross margin is 46.7%, operating margin of -72.48%, and the pretax margin is -149.3%.
LogicMark Inc (LGMK) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Health Information Services Industry. The insider ownership of LogicMark Inc is 6.27%, while institutional ownership is 7.17%. The most recent insider transaction that took place on Oct 15 ’24, was worth 178,639. In this transaction 10% Owner of this company bought 2,104,107 shares at a rate of $0.08, taking the stock ownership to the 3,050,187 shares. Before that another transaction happened on Oct 16 ’24, when Company’s 10% Owner bought 1,024,400 for $0.09, making the entire transaction worth $93,016. This insider now owns 4,074,587 shares in total.
LogicMark Inc (LGMK) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -1.73 earnings per share (EPS), higher than consensus estimate (set at -1.73) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 81.56% per share during the next fiscal year.
LogicMark Inc (NASDAQ: LGMK) Trading Performance Indicators
Take a look at LogicMark Inc’s (LGMK) current performance indicators. Last quarter, stock had a quick ratio of 2.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.84, a number that is poised to hit -0.43 in the next quarter
Technical Analysis of LogicMark Inc (LGMK)
Looking closely at LogicMark Inc (NASDAQ: LGMK), its last 5-days average volume was 57.18 million, which is a jump from its year-to-date volume of 4.34 million. As of the previous 9 days, the stock’s Stochastic %D was 21.82%. Additionally, its Average True Range was 0.02.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 3.00%, which indicates a significant decrease from 24.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 209.05% in the past 14 days, which was higher than the 153.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1521, while its 200-day Moving Average is $0.6605. However, in the short run, LogicMark Inc’s stock first resistance to watch stands at $0.1347. Second resistance stands at $0.1658. The third major resistance level sits at $0.1817. If the price goes on to break the first support level at $0.0877, it is likely to go to the next support level at $0.0718. Should the price break the second support level, the third support level stands at $0.0407.
LogicMark Inc (NASDAQ: LGMK) Key Stats
The company with the Market Capitalisation of 0.63 million has total of 2,197K Shares Outstanding. Its annual sales at the moment are 9,930 K in contrast with the sum of -14,550 K annual income. Company’s last quarter sales were recorded 2,340 K and last quarter income was -2,040 K.
