On Monday, LogicMark Inc (NASDAQ: LGMK) opened higher 10.82% from the last session, before settling in for the closing price of $0.10. Price fluctuations for LGMK have ranged from $0.08 to $2.20 over the past 52 weeks.
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Annual sales at Healthcare sector company slipped by -8.66% over the past five years. Company’s average yearly earnings per share was noted 81.56% at the time writing. With a float of $1.61 million, this company’s outstanding shares have now reached $2.15 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Health Information Services industry is another important factor to consider. The insider ownership of LogicMark Inc is 73.45%, 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -1.73 earnings per share (EPS) for the quarter, besting the agreed prediction (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
Check out the current performance indicators for LogicMark Inc (LGMK). In the past quarter, the stock posted a quick ratio of 2.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.07.
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)
LogicMark Inc (NASDAQ: LGMK) saw its 5-day average volume 27.23 million, a positive change from its year-to-date volume of 4.88 million. As of the previous 9 days, the stock’s Stochastic %D was 38.67%. Additionally, its Average True Range was 0.02.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 4.38%, which indicates a significant decrease from 48.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 155.57% in the past 14 days, which was lower than the 157.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1472, while its 200-day Moving Average is $0.6374. Nevertheless, the first resistance level for the watch stands at $0.1261 in the near term. At $0.1365, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1492. If the price goes on to break the first support level at $0.1030, it is likely to go to the next support level at $0.0903. The third support level lies at $0.0799 if the price breaches the second support level.
LogicMark Inc (NASDAQ: LGMK) Key Stats
There are currently 2,197K shares outstanding in the company with a market cap of 0.70 million. Presently, the company’s annual sales total 9,930 K according to its annual income of -14,550 K. Last quarter, the company’s sales amounted to 2,340 K and its income totaled -2,040 K.
