LogicMark Inc (NASDAQ: LGMK) on Monday, plunged -6.06% from the previous trading day, before settling in for the closing price of $0.10. Within the past 52 weeks, LGMK’s price has moved between $0.08 and $2.20.
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Annual sales at Healthcare sector company slipped by -8.66% over the past five years. The company achieved an average annual earnings per share of 81.56%. 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 Updates
Observing investor behavior towards Health Information Services industry stocks is more important than anything else. The insider ownership of LogicMark Inc is 73.45%, while institutional ownership is 7.48%. 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) Performance Highlights and Predictions
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
LogicMark Inc (LGMK) is currently performing well based on its current performance indicators. A quick ratio of 2.36 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.05.
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 14.14 million, a positive change from its year-to-date volume of 5.1 million. As of the previous 9 days, the stock’s Stochastic %D was 14.01%. Additionally, its Average True Range was 0.02.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 1.81%, which indicates a significant decrease from 19.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 161.55% in the past 14 days, which was lower than the 161.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1383, while its 200-day Moving Average is $0.6158. Nevertheless, the first resistance level for the watch stands at $0.1013 in the near term. At $0.1095, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1147. If the price goes on to break the first support level at $0.0879, it is likely to go to the next support level at $0.0827. Assuming the price breaks the second support level, the third support level stands at $0.0745.
LogicMark Inc (NASDAQ: LGMK) Key Stats
Market capitalization of the company is 0.52 million based on 6,065K outstanding shares. Right now, sales total 9,930 K and income totals -14,550 K. The company made 2,340 K in profit during its latest quarter, and -2,040 K in sales during its previous quarter.
