LogicMark Inc (NASDAQ:LGMK) price on Friday, November 15, fall -37.86% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.10.
A look at the stock’s price movement, the close in the last trading session was $0.16, moving within a range at $0.0717 and $0.1442. The beta value (5-Year monthly) was 1.253. Turning to its 52-week performance, $2.20 and $0.08 were the 52-week high and 52-week low respectively. Overall, LGMK moved 18.42% over the past month.
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LogicMark Inc’s market cap currently stands at around $0.61 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.
Analysts have a consensus estimate of 2.23M for the company’s revenue for the quarter, with a low and high estimate of 2.23M and 2.23M respectively. The average forecast suggests down to a -7.99% growth in sales growth compared to quarterly growth in the same period last fiscal year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LGMK is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
LGMK’s current price about -14.67% and -22.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.98, while 7-day volatility ratio is 48.26% and 28.76% in the 30-day chart. Further, LogicMark Inc (LGMK) has a beta value of 1.34, and an average true range (ATR) of 0.04.
If we refocus on LogicMark Inc (NASDAQ:LGMK), historical trading data shows that trading volumes averaged 72.23 over the past 10 days and 26.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.15 million shares.
The 73.45% of LogicMark Inc’s shares are in the hands of company insiders while institutional holders own 10.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.81 million on 2024-10-31, giving us a short ratio of 0.12. The data shows that as of 2024-10-31 short interest in LogicMark Inc (LGMK) stood at 3326.9999999999995 of shares outstanding, with shares short rising to 1.24 million registered in 2024-09-30. Current price change has pushed the stock -90.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LGMK stock continues to rise going into the next quarter.
