On Tuesday, LogicMark Inc (NASDAQ: LGMK) opened lower -5.07% from the last session, before settling in for the closing price of $0.18. Price fluctuations for LGMK have ranged from $0.17 to $30.00 over the past 52 weeks.
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Annual sales at Healthcare sector company slipped by -10.85% over the past five years. Company’s average yearly earnings per share was noted 81.39% at the time writing. With a float of $3.80 million, this company’s outstanding shares have now reached $5.01 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 Updates
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 24.11%, while institutional ownership is 15.65%. 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
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 0.11.
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 5.73 million, a positive change from its year-to-date volume of 2.22 million. As of the previous 9 days, the stock’s Stochastic %D was 6.82%. Additionally, its Average True Range was 0.08.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 0.20%, which indicates a significant decrease from 2.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 274.48% in the past 14 days, which was higher than the 189.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0634, while its 200-day Moving Average is $6.3247. Nevertheless, the first resistance level for the watch stands at $0.1837 in the near term. At $0.1934, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2050. If the price goes on to break the first support level at $0.1624, it is likely to go to the next support level at $0.1508. Assuming the price breaks the second support level, the third support level stands at $0.1411.
LogicMark Inc (NASDAQ: LGMK) Key Stats
There are currently 2,747K shares outstanding in the company with a market cap of 1.15 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.
