LogicMark Inc. (NASDAQ:LGMK) has a beta value of 2.03 and has seen 6.74 million shares traded in the recent trading session. The company, currently valued at $3.53M, closed the recent trade at $0.22 per share which meant it lost -$0.15 on the day or -41.05% during that session. The LGMK stock price is -1350.0% off its 52-week high price of $3.19 and -54.55% below the 52-week low of $0.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.6 million shares traded. The 3-month trading volume is 131.88K shares.
The consensus among analysts is that LogicMark Inc. (LGMK) is a Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
LogicMark Inc. (NASDAQ:LGMK) trade information
Sporting -41.05% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the LGMK stock price touched $0.22 or saw a rise of 45.68%. Year-to-date, LogicMark Inc. shares have moved -18.13%, while the 5-day performance has seen it change -3.92%. Over the past 30 days, the shares of LogicMark Inc. (NASDAQ:LGMK) have changed -7.68%. Short interest in the company has seen 0.28 million shares shorted with days to cover at 5.15.
Wall Street analysts have a consensus price target for the stock at $3.50, which means that the shares’ value could jump 93.71% from the levels at last check today. The projected low price target is $3.50 while the price target rests at a high of $3.50. In that case, then, we find that the latest price level in today’s session is -1490.91% off the targeted high while a plunge would see the stock gain -1490.91% from the levels at last check today.
LogicMark Inc. (LGMK) estimates and forecasts
The company’s shares have lost -70.49% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 17.10%.
1 analysts offering their estimates for the company have set an average revenue estimate of $4.86 million for the current quarter. 1 have an estimated revenue figure of $4.96 million for the next quarter concluding in Jun 2020. Year-ago sales stood $4.18 million and $4.49 million respectively for this quarter and the next, and analysts expect sales will grow by 16.20% for the current quarter and 10.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 37.00% over the past 5 years.
LogicMark Inc. is expected to release its next earnings report between April 17 and April 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
LogicMark Inc. (NASDAQ:LGMK)’s Major holders
Insiders own 7.56% of the company shares, while shares held by institutions stand at 7.68% with a share float percentage of 8.31%. Investors are also buoyed by the number of investors in a company, with LogicMark Inc. having a total of 20 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 0.28 million shares worth more than $57855.0. As of Sep 29, 2022, Vanguard Group, Inc. (The) held 2.87% of shares outstanding.
The other major institutional holder is Group One Trading, L.P., with the holding of over 0.13 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $28244.0 and represent 1.40% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 1.59% shares in the company for having 0.15 million shares of worth $32183.0 while later fund manager owns 0.11 million shares of worth $23966.0 as of Sep 29, 2022, which makes it owner of about 1.19% of company’s outstanding stock.