LogicMark Inc (NASDAQ: LGMK)’s stock price has dropped by -9.65 in relation to previous closing price of 1.14. Nevertheless, the company has seen a loss of -13.45% in its stock price over the last five trading days. globenewswire.com reported 2025-01-14 that The new program will enable seniors in Colorado, Oregon, Idaho, Utah, Nevada, and South Dakota to receive reimbursement for monthly monitoring fees when leasing LogicMark’s Personal Emergency Response Systems (PERS) The new program will enable seniors in Colorado, Oregon, Idaho, Utah, Nevada, and South Dakota to receive reimbursement for monthly monitoring fees when leasing LogicMark’s Personal Emergency Response Systems (PERS)
Is It Worth Investing in LogicMark Inc (NASDAQ: LGMK) Right Now?
The 36-month beta value for LGMK is also noteworthy at 1.22. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LGMK is 2.56M, and at present, short sellers hold a 3.15% of that float. The average trading volume of LGMK on February 05, 2025 was 756.02K shares.
LGMK’s Market Performance
The stock of LogicMark Inc (LGMK) has seen a -13.45% decrease in the past week, with a -37.95% drop in the past month, and a -61.57% fall in the past quarter. The volatility ratio for the week is 7.14%, and the volatility levels for the past 30 days are at 8.30% for LGMK. The simple moving average for the past 20 days is -22.26% for LGMK’s stock, with a -87.49% simple moving average for the past 200 days.
LGMK Trading at -35.35% 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 -96.81% of loss for the given period.
Volatility was left at 8.30%, however, over the last 30 days, the volatility rate increased by 7.14%, as shares sank -39.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.63% lower at present.
During the last 5 trading sessions, LGMK fell by -13.45%, which changed the moving average for the period of 200-days by -95.04% in comparison to the 20-day moving average, which settled at $1.3250. In addition, LogicMark Inc saw -31.33% 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 -0.27. 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
In summary, LogicMark Inc (LGMK) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
