LogicMark Inc (NASDAQ:LGMK) shares, rose in value on Wednesday, April 16, with the stock price down by -19.17% to the previous day’s close as strong demand from buyers drove the stock to $0.01.
Actively observing the price movement in the last trading, the stock closed the session at $0.01, falling within a range of $0.0091 and $0.0113. The value of beta (5-year monthly) was 1.943. On the whole, LGMK has fluctuated by -94.59% over the past month.
With the market capitalization of LogicMark Inc currently standing at about $0.59 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-30.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.96M, with a low estimate of 2.63M and a high estimate of 2.63M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.63M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LGMK’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of LGMK currently trading nearly -76.45% and -95.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 13.18, while the 7-day volatility ratio is showing 24.00% which for the 30-day chart, stands at 32.83%. Furthermore, LogicMark Inc (LGMK)’s beta value is 1.85, and its average true range (ATR) is 0.02.
A comparison of LogicMark Inc (LGMK) with its peers suggests the former has fared considerably weaker in the market. LGMK showed an intraday change of -19.17% in last session, and over the past year, it shrunk by -99.96%%.
Data on historical trading for LogicMark Inc (NASDAQ:LGMK) indicates that the trading volumes over the past 10 days have averaged 167.5 and over the past 3 months, they’ve averaged 39.31 million. According to company’s latest data on outstanding shares, there are 60.59 million shares outstanding.
Nearly 10.06% of LogicMark Inc’s shares belong to company insiders and institutional investors own 1.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.02 million shares as on 2025-03-31, resulting in a short ratio of 0.06. According to the data, the short interest in LogicMark Inc (LGMK) stood at 169.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.16 million. The stock has fallen by -99.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LGMK stock heading into the next quarter.
