A new trading day began on Friday, with LogicMark Inc (NASDAQ: LGMK) stock price up 12.76% from the previous day of trading, before settling in for the closing price of $0.18. LGMK’s price has ranged from $0.16 to $30.00 over the past 52 weeks.
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During the last 5-year period, the sales drop of Healthcare Sector giant was -10.85%. Meanwhile, its annual earnings per share averaged 81.39%. With a float of $5.00 million, this company’s outstanding shares have now reached $6.58 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of LogicMark Inc is 24.11%, while institutional ownership is 11.90%. 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) Recent Fiscal highlights
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
Here are LogicMark Inc’s current performance indicators. According to the last quarter’s results, the 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 0.13.
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)
Looking closely at LogicMark Inc (NASDAQ: LGMK), its last 5-days average volume was 4.35 million, which is a jump from its year-to-date volume of 2.38 million. As of the previous 9 days, the stock’s Stochastic %D was 26.36%. Additionally, its Average True Range was 0.07.
During the past 100 days, LogicMark Inc’s (LGMK) raw stochastic average was set at 0.65%, which indicates a significant decrease from 16.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 295.40% in the past 14 days, which was higher than the 188.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9814, while its 200-day Moving Average is $6.0244. However, in the short run, LogicMark Inc’s stock first resistance to watch stands at $0.2152. Second resistance stands at $0.2255. The third major resistance level sits at $0.2420. If the price goes on to break the first support level at $0.1884, it is likely to go to the next support level at $0.1719. Now, if the price goes above the second support level, the third support stands at $0.1616.
LogicMark Inc (NASDAQ: LGMK) Key Stats
With a market capitalization of 1.35 million, the company has a total of 5,006K Shares Outstanding. Currently, annual sales are 9,930 K while annual income is -14,550 K. The company’s previous quarter sales were 2,710 K while its latest quarter income was -1,520 K.
