In the past week, LGMK stock has gone down by -18.19%, with a monthly gain of 18.42% and a quarterly plunge of -55.42%. The volatility ratio for the week is 48.26%, and the volatility levels for the last 30 days are 28.76% for LogicMark Inc The simple moving average for the last 20 days is -14.67% for LGMK stock, with a simple moving average of -82.57% for the last 200 days.
Is It Worth Investing in LogicMark Inc (NASDAQ: LGMK) Right Now?
The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LGMK is 1.61M, and at present, short sellers hold a 236.56% of that float. On November 18, 2024, the average trading volume of LGMK was 26.58M shares.
LGMK) stock’s latest price update
LogicMark Inc (NASDAQ: LGMK)’s stock price has decreased by -37.86 compared to its previous closing price of 0.16. However, the company has seen a -18.19% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-15 that LOUISVILLE, Ky., Nov. 15, 2024 (GLOBE NEWSWIRE) — LogicMark, Inc. (Nasdaq: LGMK) (the “Company”), a provider of personal emergency response systems (PERS), health communications devices, and technology for the growing care economy, today announced that the Company’s board of directors has approved a reverse stock split of its common stock at a ratio of 1 post-split share for every 25 pre-split shares.
LGMK Trading at -22.18% 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 -95.44% of loss for the given period.
Volatility was left at 28.76%, however, over the last 30 days, the volatility rate increased by 48.26%, as shares surge +15.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.88% lower at present.
During the last 5 trading sessions, LGMK fell by -18.19%, which changed the moving average for the period of 200-days by -90.17% in comparison to the 20-day moving average, which settled at $0.1176. In addition, LogicMark Inc saw -90.54% 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 Winvest Investment Fund Manage, who purchase 2,104,107 shares at the price of $0.08 back on Oct 15 ’24. After this action, Winvest Investment Fund Manage now owns 3,050,187 shares of LogicMark Inc, valued at $178,639 using the latest closing price.
Winvest Investment Fund Manage, the 10% Owner of LogicMark Inc, purchase 1,024,400 shares at $0.09 during a trade that took place back on Oct 16 ’24, which means that Winvest Investment Fund Manage is holding 4,074,587 shares at $93,016 based on the most recent closing price.
Stock Fundamentals for LGMK
Current profitability levels for the company are sitting at:
- -0.6 for the present operating margin
- 0.54 for the gross margin
The net margin for LogicMark Inc stands at -1.13. The total capital return value is set at -0.43. Equity return is now at value -77.34, with -69.46 for asset returns.
Currently, EBITDA for the company is -6.65 million with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of -0.49. The receivables turnover for the company is 86.49for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.73.
Conclusion
To sum up, LogicMark Inc (LGMK) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
