Should You Sell LogicMark Inc (LGMK) And Go Away This Year?

LogicMark Inc (NASDAQ:LGMK) currently has a daily average trading volume of 160.46M but it saw 142745674 shares traded in last market. With a market cap of 0.82M USD, the company’s current market price of $0.01 came falling about -12.25 while comparing to the previous closing price of $0.02.

Taking a look at 20-day trading activity of LogicMark Inc (LGMK) gives us an average price of $0.0126. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.0792 while that of 200 days or SMA-200 reads an average of $2.4842. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.83% during that period while stretching the period over a month that increases to 29.44%. 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 23.23 which implies that the stock is in oversold territory.

Over the week, LGMK’s stock price is moving -21.83% down while it is 1.50% when we observe its performance for the past one month. Year-to-date it is -99.09% down and over the past year, the stock is showing a downside performance of -99.93%.

Currently, LogicMark Inc’s total number of outstanding shares is 60.59M with 1.11% of that held by the insiders while 1.33% 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 1.80. Stock has a price to book (P/B) ratio of 0.00 while price to sale or P/S ratio amounts to 0.08. Its return on asset (ROA) is -57.65% on average.