LogicMark Inc (NASDAQ:LGMK)’s traded shares stood at 70.25 million during the last session, with the company’s beta value hitting 1.22. At the close of trading, the stock’s price was $0.12, to imply an increase of 10.44% or $0.01 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 33.33% since price per share fell to its 52-week low of $0.08. The company has a valuation of $0.71M, with an average of 41.58 million shares in intraday trading volume over the past 10 days and average of 13.67 million shares over the past 3 months.
LogicMark Inc (NASDAQ:LGMK) trade information
After registering a 10.44% 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 37.47%, and -27.80% over 30 days. With these gigs, the year-to-date price performance is -88.92%. Short interest in LogicMark Inc (NASDAQ:LGMK) saw shorts transact 1.24 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 -85.92% down over the last 6 months, with its year-to-date growth rate higher than industry average at 81.56% against 14.10%. 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 November. 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 71.98% of total outstanding shares, with institutional holders owning 7.17% of the shares at 25.60% float percentage. In total, 7.17% 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 Jun 30, 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 $2223.0. 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 739.0.
