In the last trading session, 18.21 million shares of the LogicMark Inc (NASDAQ:LGMK) were traded, and its beta was 1.23. Most recently the company’s share price was $0.12, and it changed around $0.02 or 10.82% from the last close, which brings the market valuation of the company to $0.70M. LGMK currently trades at a discount to its 52-week high of $2.20, offering almost -1733.33% off that amount. The share price’s 52-week low was $0.08, which indicates that the current value has risen by an impressive 33.33% since then. We note from LogicMark Inc’s average daily trading volume that its 10-day average is 42.18 million shares, with the 3-month average coming to 15.17 million.
LogicMark Inc (NASDAQ:LGMK) trade information
Instantly LGMK has showed a green trend with a performance of 10.82% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.1568 on recent trading dayincreased the stock’s daily price by 23.47%. The company’s shares are currently down -89.08% year-to-date, but still up 11.79% over the last five days. On the other hand, LogicMark Inc (NASDAQ:LGMK) is -31.54% down in the 30-day period. We can see from the shorts that 0.44 million shares have been sold at a short interest cover period of 0.03 day(s).
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LogicMark Inc (LGMK) estimates and forecasts
LogicMark Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -85.69 percent over the past six months and at a 81.56% annual growth rate that is well above the industry average of 14.80%. The year-over-year growth rate is expected to be -3.10%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2.44M in revenue for the current quarter. 1 analysts expect LogicMark Inc to make 2.23M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -8.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.58%.
LGMK Dividends
LogicMark Inc’s next quarterly earnings report is expected to be released in November.
LogicMark Inc (NASDAQ:LGMK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 71.98% of LogicMark Inc shares, and 7.17% of them are in the hands of institutional investors. The stock currently has a share float of 25.60%.
