Is LogicMark Inc’s (NASDAQ:LGMK) Stock Expensive Or Cheap At $0.10?

In last trading session, LogicMark Inc (NASDAQ:LGMK) saw 3.78 million shares changing hands with its beta currently measuring 1.24. Company’s recent per share price level of $0.10 trading at $0.0 or -4.30% at ring of the bell on the day assigns it a market valuation of $0.59M. That closing price of LGMK’s stock is at a discount of -2100.0% from its 52-week high price of $2.20 and is indicating a premium of 20.0% from its 52-week low price of $0.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.22 million shares which gives us an average trading volume of 16.60 million if we extend that period to 3-months.

LogicMark Inc (NASDAQ:LGMK) trade information

Upright in the red during last session for losing -4.30%, in the last five days LGMK remained trading in the red while hitting it’s week-highest on Thursday, 10/31/24 when the stock touched $0.10 price level, adding 20.19% to its value on the day. LogicMark Inc’s shares saw a change of -90.75% in year-to-date performance and have moved -25.70% in past 5-day. LogicMark Inc (NASDAQ:LGMK) showed a performance of -13.35% in past 30-days. Number of shares sold short was 0.44 million shares which calculate 0.03 days to cover the short interests.

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LogicMark Inc (LGMK) estimates and forecasts

Statistics highlight that LogicMark Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -88.12% of value to its shares in past 6 months, showing an annual growth rate of 81.56% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.10% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.44M for the same. And 1 analysts are in estimates of company making revenue of 2.23M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 27.58% during past 5 years.

LogicMark Inc (NASDAQ:LGMK)’s Major holders

Insiders are in possession of 71.98% of company’s total shares while institution are holding 7.48 percent of that, with stock having share float percentage of 26.70%. Investors also watch the number of corporate investors in a company very closely, which is 7.48% institutions for LogicMark Inc that are currently holding shares of the company.