LogicMark Inc (NASDAQ:LGMK) price closed higher on current market day and jumping 19.10% above its previous close.
A look at the daily price movement shows that the last close reads $0.09, with intraday deals fluctuated between $0.103 and $0.15. The company’s 5Y monthly beta was ticking 1.22. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.20 and 52-week low of $0.08. The stock subtracted -34.49% on its value in the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
LogicMark Inc, which has a market valuation of $0.63 million, is expected to release its quarterly earnings report on 2024-Nov-07.
On average, analysts have forecast the company’s revenue for the quarter will hit 2.44M, with the likely lows of 2.44M and highs of 2.44M. Staying with the analyst view, there is a consensus estimate of 9.62M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -3.10% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give LGMK a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that LGMK’s price is at present -13.50% off the SMA20 and -31.95% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 40.90, with weekly volatility standing at 22.06%. The indicator jumps to 16.55% when calculated based on the past 30 days. LogicMark Inc (NASDAQ:LGMK)’s beta value is holding at 1.21, while the average true range (ATR) indicator is currently reading 0.02.
An analysis of the LogicMark Inc (NASDAQ:LGMK) stock in terms of its daily trading volume indicates that the 3-month average is 9.72 million. However, this figure increases on the past 10-day timeline to an average of 35.01 million.
Current records show that the company has 6.07M in outstanding shares. The insiders’ percentage holdings are 6.27% of outstanding shares while the percentage share held by institutions stands at 7.17%. The stats also highlight that short interest as of 2024-09-30, stood at 1.24 million shares, which puts the short ratio at the time at 0.14. From this we can glean that short interest is 1082.00 of company’s current outstanding shares. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 1.53 million. But the -90.24% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
