LogicMark Inc (LGMK) Down -99.96% From Its 52-Week High, But Growth Potential Is Changing Over Time

LogicMark Inc (NASDAQ:LGMK) currently has a daily average trading volume of 27.05M but it saw 123267710 shares traded in last market. With a market cap of 0.57M USD, the company’s current market price of $0.01 came falling about -12.96 while comparing to the previous closing price of $0.01. In the recent trading on the day, stock has struck highest price mark of $0.0089 while lowest mark touched by it was $0.0105.

Taking a look at 20-day trading activity of LogicMark Inc (LGMK) gives us an average price of $0.0744. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3235 while that of 200 days or SMA-200 reads an average of $3.8331. A closer look into the stock’s movement over the week reveals that its volatility is standing at 28.78% during that period while stretching the period over a month that increases to 30.17%. 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 11.47 which implies that the stock is in oversold territory.

Over the week, LGMK’s stock price is moving -40.51% down while it is -94.74% when we observe its performance for the past one month. Year-to-date it is -99.37% down and over the past year, the stock is showing a downside performance of -99.96%.

The company is expected to be releasing its next quarterly report on 2025-Mar-30, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $2.63M for current-quarter revenue.

Currently, LogicMark Inc’s total number of outstanding shares is 60.59M with 1.11% of that held by the insiders while 1.30% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -76.31% and return on equity (ROE) at -66.44%. Stock’s beta reads 1.86. Stock has a price to book (P/B) ratio of 0.00 while price to sale or P/S ratio amounts to 0.06. Its return on asset (ROA) is -57.65% on average.