LogicMark Inc (NASDAQ: LGMK)’s stock price has dropped by -7.98 in relation to previous closing price of 1.88. Nevertheless, the company has seen a loss of -30.52% in its stock price over the last five trading days. globenewswire.com reported 2024-11-19 that LOUISVILLE, Ky., Nov. 19, 2024 (GLOBE NEWSWIRE) — LogicMark, Inc. (Nasdaq: LGMK) (the “Company”), a provider of personal emergency response systems (PERS), health communication devices, and technology for the growing care economy, today announced the launch of Freedom Alert Max, the latest advancement in the company’s on-the-go product suite.
Is It Worth Investing in LogicMark Inc (NASDAQ: LGMK) Right Now?
Moreover, the 36-month beta value for LGMK is 1.17. Analysts have varying opinions on the stock, 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 0.49M and currently, short sellers hold a 31.09% of that float. On November 27, 2024, LGMK’s average trading volume was 1.12M shares.
LGMK’s Market Performance
LGMK stock saw a decrease of -30.52% in the past week, with a monthly decline of -40.19% and a quarterly a decrease of -61.36%. The volatility ratio for the week is 17.00%, and the volatility levels for the last 30 days are 27.17% for LogicMark Inc (LGMK). The simple moving average for the past 20 days is -35.97% for LGMK’s stock, with a -87.26% simple moving average for the past 200 days.
LGMK Trading at -40.87% 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 -94.67% of loss for the given period.
Volatility was left at 27.17%, however, over the last 30 days, the volatility rate increased by 17.00%, as shares sank -40.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.31% lower at present.
During the last 5 trading sessions, LGMK fell by -30.52%, which changed the moving average for the period of 200-days by -93.08% in comparison to the 20-day moving average, which settled at $2.7018. In addition, LogicMark Inc saw -93.47% 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:
- -0.69 for the present operating margin
- 0.54 for the gross margin
The net margin for LogicMark Inc stands at -1.42. The total capital return value is set at -0.49. 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 0.99. When we switch over and look at the enterprise to sales, we see a ratio of -0.24. 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 wrap up, the performance of LogicMark Inc (LGMK) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
