On Monday, LogicMark Inc (NASDAQ: LGMK) was -3.55% drop from the session before settling in for the closing price of $1.69. A 52-week range for LGMK has been $1.41 – $32.25.
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Annual sales at Healthcare sector company slipped by -10.85% over the past five years. When this article was written, the company’s average yearly earnings per share was at 81.39%. With a float of $2.02 million, this company’s outstanding shares have now reached $2.04 million.
Let’s look at the performance matrix of the company that is accounted for 26 employees. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward LogicMark Inc stocks. The insider ownership of LogicMark Inc is 0.82%, while institutional ownership is 2.72%. 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 81.39% 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 0.34.
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)
LogicMark Inc (NASDAQ: LGMK) saw its 5-day average volume 0.51 million, a negative change from its year-to-date volume of 0.69 million. As of the previous 9 days, the stock’s Stochastic %D was 69.44%. Additionally, its Average True Range was 0.27.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 3.54%, which indicates a significant decrease from 61.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.79% in the past 14 days, which was lower than the 177.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.2000, while its 200-day Moving Average is $10.4012. Nevertheless, the first resistance level for the watch stands at $1.7351 in the near term. At $1.8403, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.9278. If the price goes on to break the first support level at $1.5424, it is likely to go to the next support level at $1.4549. The third support level lies at $1.3497 if the price breaches the second support level.
LogicMark Inc (NASDAQ: LGMK) Key Stats
There are 2,036K outstanding shares of the company, which has a market capitalization of 3.38 million. As of now, sales total 9,930 K while income totals -14,550 K. Its latest quarter income was 2,710 K while its last quarter net income were -1,520 K.
