Investor Confidence Dwindles After LogicMark Inc. (NASDAQ: LGMK) Shares Gain By About 0.02

LogicMark Inc (NASDAQ:LGMK) has a beta value of 1.27 and has seen 28.73 million shares traded in the last trading session. The company, currently valued at $1.09M, closed the last trade at $0.18 per share which meant it gained $0.02 on the day or 10.00% during that session. The LGMK stock price is -1500.0% off its 52-week high price of $2.88 and 27.78% above the 52-week low of $0.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.68 million shares traded. The 3-month trading volume is 1.96 million shares.

LogicMark Inc (NASDAQ:LGMK) trade information

Sporting 10.00% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LGMK stock price touched $0.18 or saw a rise of 14.29%. Year-to-date, LogicMark Inc shares have moved -83.08%, while the 5-day performance has seen it change -5.43%. Over the past 30 days, the shares of LogicMark Inc (NASDAQ:LGMK) have changed -61.03%. Short interest in the company has seen 0.56 million shares shorted with days to cover at 0.23.

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LogicMark Inc (LGMK) estimates and forecasts

Figures show that LogicMark Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -83.99% over the past 6 months, with this year growth rate of 81.56%, compared to 17.70% for the industry.

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 27.58% over the past 5 years.

LGMK Dividends

LogicMark Inc is expected to release its next earnings report in October 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 8.00% of the company shares, while shares held by institutions stand at 11.94% with a share float percentage of 12.98%. Investors are also buoyed by the number of investors in a company, with LogicMark Inc having a total of 13.0 institutions that hold shares in the company.