Why LogicMark Inc (NASDAQ: LGMK) Is Worth A Spot On Your Watchlist

LogicMark Inc (NASDAQ:LGMK)’s traded shares stood at 1.92 million during the last session, with the company’s beta value hitting 1.25. At the close of trading, the stock’s price was $0.18, to imply an increase of 0.55% or $0.0 in intraday trading. The LGMK share’s 52-week high remains $2.88, putting it -1500.0% down since that peak but still an impressive 27.78% since price per share fell to its 52-week low of $0.13. The company has a valuation of $1.12M, with an average of 8.66 million shares in intraday trading volume over the past 10 days and average of 1.53 million shares over the past 3 months.

LogicMark Inc (NASDAQ:LGMK) trade information

After registering a 0.55% upside in the last session, LogicMark Inc (LGMK) has traded red over the past five days. The 5-day price performance for the stock is 17.88%, and -65.63% over 30 days. With these gigs, the year-to-date price performance is -82.65%. Short interest in LogicMark Inc (NASDAQ:LGMK) saw shorts transact 0.31 million shares and set a 0.91 days time to cover.

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LogicMark Inc (LGMK) estimates and forecasts

Looking at statistics comparing LogicMark Inc share performance against respective industry, we note that the company has outperformed competitors. LogicMark Inc (LGMK) shares are -81.19% down over the last 6 months, with its year-to-date growth rate higher than industry average at 81.56% against 16.30%. The rating firms project that company’s revenue will shrink -3.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 2.44M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 2.23M.

LGMK Dividends

LogicMark Inc has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

LogicMark Inc (NASDAQ:LGMK)’s Major holders

LogicMark Inc insiders hold 10.54% of total outstanding shares, with institutional holders owning 11.94% of the shares at 13.35% float percentage. In total, 11.94% institutions holds shares in the company.

We also have Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the LogicMark Inc (LGMK) shares. Going by data provided on Mar 31, 2024 , Vanguard Extended Market Index Fund holds roughly 18.94 shares. This is just over 0.31% of the total shares, with a market valuation of $3482.0. Data from the same date shows that the other fund manager holds a little less at 6.3, or 0.10% of the shares, all valued at about 1158.0.