On Friday, LogicMark Inc (NASDAQ: LGMK) opened higher 14.67% from the last session, before settling in for the closing price of $1.84. Price fluctuations for LGMK have ranged from $1.62 to $32.48 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 81.39% at the time writing. With a float of $1.73 million, this company’s outstanding shares have now reached $1.85 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 -68.96%, and the pretax margin is -145.03%.
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 6.27%, while institutional ownership is 2.99%. 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
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 81.39% 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 3.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -223.50, a number that is poised to hit -29.50 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 0.55 million was superior to 0.34 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 47.47%. Additionally, its Average True Range was 0.55.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 3.57%, which indicates a significant decrease from 36.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 154.63% in the past 14 days, which was lower than the 194.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.62, while its 200-day Moving Average is $12.77. Now, the first resistance to watch is $2.24. This is followed by the second major resistance level at $2.37. The third major resistance level sits at $2.58. If the price goes on to break the first support level at $1.90, it is likely to go to the next support level at $1.69. The third support level lies at $1.56 if the price breaches the second support level.
LogicMark Inc (NASDAQ: LGMK) Key Stats
There are currently 1,849K shares outstanding in the company with a market cap of 4.47 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 2,710 K and its income totaled -1,520 K.
