With 3.64M Outstanding Shares, Can LogicMark Inc (NASDAQ: LGMK) Deliver Big Short-Term Gains?

LogicMark Inc (NASDAQ:LGMK) currently has a daily average trading volume of 947.09K but it saw 3353636 shares traded in last market. With a market cap of 0.53M USD, the company’s current market price of $0.14 came falling about -10.21 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.88 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.131 while lowest mark touched by it was $0.15.

Taking a look at 20-day trading activity of LogicMark Inc (LGMK) gives us an average price of $0.3903, while its current price level is -94.99% below from 52-week high level whereas it is -5.31% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5421 while that of 200 days or SMA-200 reads an average of $0.9347. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.82% during that period while stretching the period over a month that decreases to 12.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 14.36 which implies that the stock is in oversold territory.

Over the week, LGMK’s stock price is moving -34.44% down while it is -74.14% when we observe its performance for the past one month. Year-to-date it is -86.39% down and over the past year, the stock is showing a downside performance of -93.50%.

Currently, LogicMark Inc’s total number of outstanding shares is 3.64M. Company’s return on investment (ROI) stands at -114.44% and return on equity (ROE) at -79.72%. Stock’s beta reads 1.37. Stock has a price to book (P/B) ratio of 0.03 while price to sale or P/S ratio amounts to 0.05. Its return on asset (ROA) is -72.96% on average.