LogicMark Inc (NASDAQ:LGMK) does about 164.69K shares in volume on a normal day but saw 223447 shares change hands in the recent trading day. The company now has a market cap of 0.77M USD. Its current market price is $0.21, marking an increase of 1.06% compared to the previous close of $0.21. The 52 week high reached by this stock is $2.88 whilst the lowest price level in 52 weeks is $0.21.
LogicMark Inc (LGMK) has a 20-day trading average at $0.4497 and the current price is -92.70% off the 52-week high compared with 1.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5794 and its 200-day simple moving average is $0.9594. If we look at the stock’s price movements over the week, volatility stands at 10.55%, which increases to 10.92% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 17.07 to suggest the stock is oversold.
The consensus objective for the share price is $3.50, suggesting that the stock has a potential upside of 94.0% over the period.
LogicMark Inc (LGMK) stock is down -24.96% over the week and -63.50% over the past month. Its price is -80.17% year-to-date and -91.49% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.88 and -3.85 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $2.84M.
To reach the target analysts have set, the stock logically needs to grow 94.0 percent from here.
Outstanding shares total 3.64M with insiders holding 7.59% of the shares and institutional holders owning 1.08% of the company’s common stock. The company has a return on investment of -116.13% and return on equity of -73.71%. The beta has a value of 1.41. Price to book ratio is 0.04 and price to sales ratio is 0.08.
