Look Past The Setbacks And Give LogicMark Inc (NASDAQ: LGMK) Another Chance

LogicMark Inc (NASDAQ:LGMK) currently has a daily average trading volume of 1.64M but it saw 3360346 shares traded in last market. With a market cap of 1.23M USD, the company’s current market price of $0.19 came rising about 6.95 while comparing to the previous closing price of $0.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.00 and as low as $0.16.

Taking a look at 20-day trading activity of LogicMark Inc (LGMK) gives us an average price of $0.4542, while its current price level is -99.38% below from 52-week high level whereas it is 16.08% 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 $1.0365 while that of 200 days or SMA-200 reads an average of $6.2275. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.10% during that period while stretching the period over a month that decreases to 16.33%. 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 12.82 which implies that the stock is in oversold territory.

Over the week, LGMK’s stock price is moving -6.43% down while it is -83.67% when we observe its performance for the past one month. Year-to-date it is -87.59% down and over the past year, the stock is showing a downside performance of -99.34%.

Currently, LogicMark Inc’s total number of outstanding shares is 6.58M. Company’s return on investment (ROI) stands at -109.71% and return on equity (ROE) at -77.34%. Stock’s beta reads 1.55. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 0.12. Its return on asset (ROA) is -69.46% on average.