LogicMark Inc (NASDAQ: LGMK) kicked off on Friday, down -12.80% from the previous trading day, before settling in for the closing price of $0.68. Over the past 52 weeks, LGMK has traded in a range of $0.66-$32.25.
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A company in the Healthcare sector has dropped its sales by -10.85% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 81.39%. With a float of $2.57 million, this company’s outstanding shares have now reached $2.75 million.
In an organization with 26 employees, it is important to assess its efficiency. 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Health Information Services Industry. The insider ownership of LogicMark Inc is 6.27%, while institutional ownership is 10.69%. 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 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
Take a look at LogicMark Inc’s (LGMK) current performance indicators. Last quarter, stock had a quick ratio of 3.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.4 million. That was better than the volume of 0.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.96%. Additionally, its Average True Range was 0.12.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 0.17%, which indicates a significant decrease from 1.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.82% in the past 14 days, which was lower than the 163.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4116, while its 200-day Moving Average is $7.4169. However, in the short run, LogicMark Inc’s stock first resistance to watch stands at $0.6556. Second resistance stands at $0.7226. The third major resistance level sits at $0.7616. If the price goes on to break the first support level at $0.5496, it is likely to go to the next support level at $0.5106. Assuming the price breaks the second support level, the third support level stands at $0.4436.
LogicMark Inc (NASDAQ: LGMK) Key Stats
The company with the Market Capitalisation of 1.62 million has total of 2,747K Shares Outstanding. Its annual sales at the moment are 9,930 K in contrast with the sum of -14,550 K annual income. Company’s last quarter sales were recorded 2,710 K and last quarter income was -1,520 K.
