On Monday, LogicMark Inc (NASDAQ: LGMK) was -15.15% drop from the session before settling in for the closing price of $0.10. A 52-week range for LGMK has been $0.07 – $2.20.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales slided by -8.66%. When this article was written, the company’s average yearly earnings per share was at 81.56%. With a float of $1.61 million, this company’s outstanding shares have now reached $2.15 million.
The extent of productivity of a business whose workforce counts for 26 workers is very important to gauge. In terms of profitability, gross margin is 54.09%, operating margin of -59.99%, and the pretax margin is -115.84%.
LogicMark Inc (LGMK) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward LogicMark Inc stocks. The insider ownership of LogicMark Inc is 73.45%, while institutional ownership is 10.86%. 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
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
You can see what LogicMark Inc (LGMK) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 3.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.94, a number that is poised to hit -0.36 in the next quarter
Technical Analysis of LogicMark Inc (LGMK)
The latest stats from [LogicMark Inc, LGMK] show that its last 5-days average volume of 132.55 million was superior to 8.25 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 19.14%. Additionally, its Average True Range was 0.04.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 1.51%, which indicates a significant decrease from 6.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 309.79% in the past 14 days, which was higher than the 194.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1271, while its 200-day Moving Average is $0.5709. Now, the first resistance to watch is $0.0977. This is followed by the second major resistance level at $0.1103. The third major resistance level sits at $0.1176. If the price goes on to break the first support level at $0.0778, it is likely to go to the next support level at $0.0705. The third support level lies at $0.0579 if the price breaches the second support level.
LogicMark Inc (NASDAQ: LGMK) Key Stats
There are 6,065K outstanding shares of the company, which has a market capitalization of 2.45 million. As of now, sales total 9,930 K while income totals -14,550 K. Its latest quarter income was 2,340 K while its last quarter net income were -2,040 K.
