Should Investors Trust The Upside Potential In LogicMark Inc (LGMK)?

LogicMark Inc (NASDAQ:LGMK) currently has a daily average trading volume of 16.17M but it saw 8155314 shares traded in last market. With a market cap of 0.65M USD, the company’s current market price of $0.11 came falling about -18.73 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.20 and as low as $0.08. In the recent trading on the day, stock has struck highest price mark of $0.1054 while lowest mark touched by it was $0.1253.

Taking a look at 20-day trading activity of LogicMark Inc (LGMK) gives us an average price of $0.1035, while its current price level is -95.13% below from 52-week high level whereas it is 39.22% 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 $0.1419 while that of 200 days or SMA-200 reads an average of $0.6246. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.85% during that period while stretching the period over a month that increases to 21.30%. 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 44.70 which implies that the stock is in neutral territory.

Over the week, LGMK’s stock price is moving 3.38% up while it is -10.07% when we observe its performance for the past one month. Year-to-date it is -89.89% down and over the past year, the stock is showing a downside performance of -93.26%.

Currently, LogicMark Inc’s total number of outstanding shares is 2.15M. Company’s return on investment (ROI) stands at -131.21% and return on equity (ROE) at -79.72%. Stock’s beta reads 1.22. Stock has a price to book (P/B) ratio of 0.02 while price to sale or P/S ratio amounts to 0.07. Its return on asset (ROA) is -72.96% on average.