LogicMark Inc (NASDAQ:LGMK) traded at $0.09 at close of the session on Monday, November 04 and made a downward move of -6.06% on its previous day’s price.
Looking at the stock we see that its previous close was $0.10 and the beta (5Y monthly) reads 1.22 with the day’s price range being $0.091 – $0.1044. In terms of its 52-week price range, LGMK has a high of $2.20 and a low of $0.08. The company’s stock has lost about -17.19% over that past 30 days.
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LogicMark Inc has a market cap of $0.52 million and is expected to release its quarterly earnings report in December.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 2.44M, with a low of 2.44M and a high of 2.44M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 9.62M, or -3.10% down from figures reported last year.
On the other hand, looking at the outlook for the LGMK stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -7.66% off its SMA20 and -32.76% from its 50-day simple moving average. The RSI (14) is pointing at 40.49 while the volatility over the past week is 15.48% and jumps to 20.96% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 0.02.
Coming back to LogicMark Inc (NASDAQ:LGMK), we note that the average 3-month trading volume was 16.44 million, while that of the preceding 10-day period stands at 43.71 million. Current shares outstanding are 2.15 million.
The insiders hold 73.45% of the company’s shares while institutions hold 7.48%. The data shows that short shares as of 2024-10-15, stood at 0.44 million at a short ratio of 0.03. This represents a 382.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 1.44 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -91.23% down in year-to-date price movement.
