LogicMark Inc (NASDAQ:LGMK) price on Thursday, March 20, fall -10.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.15.
A look at the stock’s price movement, the close in the last trading session was $0.17, moving within a range at $0.1432 and $0.17. The beta value (5-Year monthly) was 1.362. Turning to its 52-week performance, $27.25 and $0.16 were the 52-week high and 52-week low respectively. Overall, LGMK moved -44.93% over the past month.
LogicMark Inc’s market cap currently stands at around $0.99 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-11.
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. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.88M, representing a -0.45% decline on that reported in the last financial 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 -22.39% and -79.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 16.42, while 7-day volatility ratio is 11.54% and 13.46% in the 30-day chart. Further, LogicMark Inc (LGMK) has a beta value of 1.54, and an average true range (ATR) of 0.05.
If we refocus on LogicMark Inc (NASDAQ:LGMK), historical trading data shows that trading volumes averaged 3.39 over the past 10 days and 2.18 million over the past 3 months. The company’s latest data on shares outstanding shows there are 6.58 million shares.
The 10.06% of LogicMark Inc’s shares are in the hands of company insiders while institutional holders own 11.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.16 million on 2025-02-28, giving us a short ratio of 0.05. The data shows that as of 2025-02-28 short interest in LogicMark Inc (LGMK) stood at 326.0 of shares outstanding, with shares short rising to 40958.0 registered in 2025-01-31. Current price change has pushed the stock -90.01% 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.
