LogicMark Inc (NASDAQ: LGMK): At Current Prices, Does It Make Sense To Wait?

LogicMark Inc (NASDAQ:LGMK)’s traded shares stood at 1.91 million during the latest session, with the company’s beta value hitting 1.23. At the last check today, the stock’s price was $0.12, to imply a decrease of -10.49% or -$0.02 in intraday trading. The LGMK share’s 52-week high remains $2.20, putting it -1733.33% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $0.12. The company has a valuation of $0.74M, with an average of 2.69 million shares in intraday trading volume over the past 10 days and average of 5.09 million shares over the past 3 months.

LogicMark Inc (NASDAQ:LGMK) trade information

After registering a -10.49% downside in the latest session, LogicMark Inc (LGMK) has traded red over the past five days. The 5-day price performance for the stock is -28.28%, and -32.02% over 30 days. With these gigs, the year-to-date price performance is -88.57%. Short interest in LogicMark Inc (NASDAQ:LGMK) saw shorts transact 1.44 million shares and set a 0.14 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 -87.66% down over the last 6 months, with its year-to-date growth rate higher than industry average at 81.56% against 14.00%. 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 on 2024-Nov-07. 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 8.00% of total outstanding shares, with institutional holders owning 11.94% of the shares at 12.98% float percentage. In total, 11.94% institutions holds shares in the company.