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Is LogicMark Inc. (LGMK) a Keeper?

LogicMark Inc. (NASDAQ:LGMK) went down by -42.50% from its latest closing price compared to the recent 1-year high of $3.19. The company’s stock price has collected -3.92% of loss in the last five trading sessions.

Is It Worth Investing in LogicMark Inc. (NASDAQ :LGMK) Right Now?

Plus, the 36-month beta value for LGMK is at 2.03. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for LogicMark Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $3.50. LGMK currently public float of 8.79M and currently shorts hold a 3.22% ratio of that float. Today, the average trading volume of LGMK was 131.88K shares.

LGMK’s Market Performance

LGMK stocks went down by -3.92% for the week, with a monthly drop of -7.68% and a quarterly performance of -60.33%, while its annual performance rate touched -88.44%. The volatility ratio for the week stands at 11.31% while the volatility levels for the past 30 days are set at 14.02% for LogicMark Inc. The simple moving average for the period of the last 20 days is -48.53% for LGMK stocks with a simple moving average of -79.83% for the last 200 days.

LGMK Trading at -61.12% from the 50-Day Moving Average

After a stumble in the market that brought LGMK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.42% of loss for the given period.

Volatility was left at 14.02%, however, over the last 30 days, the volatility rate increased by 11.31%, as shares sank -46.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.94% lower at present.

During the last 5 trading sessions, LGMK fell by -45.33%, which changed the moving average for the period of 200-days by -89.67% in comparison to the 20-day moving average, which settled at $0.3988. In addition, LogicMark Inc. saw -18.13% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at LGMK starting from Curtis Robert Arthur, who purchase 10,000 shares at the price of $1.15 back on Jun 22. After this action, Curtis Robert Arthur now owns 27,645 shares of LogicMark Inc., valued at $11,460 using the latest closing price.

Stock Fundamentals for LGMK

Current profitability levels for the company are sitting at:

  • -30.20 for the present operating margin
  • +49.08 for the gross margin

The net margin for LogicMark Inc. stands at -116.82. Equity return is now at value -45.20, with -38.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 10.76.

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