LogicMark Inc (NASDAQ:LGMK) has a beta value of 1.24 and has seen 13.46 million shares traded in the last trading session. The company, currently valued at $0.52M, closed the last trade at $0.08 per share which meant it lost -$0.01 on the day or -2.19% during that session. The LGMK stock price is -2650.0% off its 52-week high price of $2.20 and 0.0% above the 52-week low of $0.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 27.04 million shares traded. The 3-month trading volume is 8.59 million shares.
LogicMark Inc (NASDAQ:LGMK) trade information
Sporting -2.19% in the red 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 $0.08 or saw a rise of 56.62%. Year-to-date, LogicMark Inc shares have moved -91.99%, while the 5-day performance has seen it change -24.40%. Over the past 30 days, the shares of LogicMark Inc (NASDAQ:LGMK) have changed -50.84%. Short interest in the company has seen 1.24 million shares shorted with days to cover at 0.14.
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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 -90.62% over the past 6 months, with this year growth rate of 81.56%, compared to 14.10% for the industry. Revenue growth from the last financial year stood is estimated to be -3.10%.
1 analysts offering their estimates for the company have set an average revenue estimate of 2.44M for the current quarter. 1 have an estimated revenue figure of 2.23M for the next ending quarter.
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 November 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 14.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 0.31% shares in the company for having 18.94 shares of worth $1607.0 while later fund manager owns 6.3 shares of worth $534.0 as of Aug 31, 2024 , which makes it owner of about 0.10% of company’s outstanding stock.
