LogicMark Inc (NASDAQ: LGMK) Disappoints Wall Street With 8.48% Stock Price Gain

In the last trading session, 9.16 million LogicMark Inc (NASDAQ:LGMK) shares changed hands as the company’s beta touched 1.27. With the company’s per share price at $0.13 changed hands at $0.01 or 8.48% during last session, the market valuation stood at $0.84M. LGMK’s last price was a discount, traded about -1592.31% off its 52-week high of $2.20. The share price had its 52-week low at $0.08, which suggests the last value was 38.46% up since then. When we look at LogicMark Inc’s average trading volume, we note the 10-day average is 16.82 million shares, with the 3-month average coming to 17.72 million.

LogicMark Inc (NASDAQ:LGMK) trade information

Instantly LGMK was in green as seen at the end of in last trading. With action 43.01%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -87.45%, with the 5-day performance at 43.01% in the green. However, in the 30-day time frame, LogicMark Inc (NASDAQ:LGMK) is 56.65% up. Looking at the short shares, we see there were 0.44 million shares sold at short interest cover period of 0.03 days.

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LogicMark Inc (LGMK) estimates and forecasts

Data shows that the LogicMark Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -83.18% over the past 6 months, a 81.56% in annual growth rate that is considerably higher than the industry average of 14.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 27.58%. The 2024 estimates are for LogicMark Inc earnings to increase by 81.56%.

LGMK Dividends

LogicMark Inc is expected to release its next quarterly earnings report in December.

LogicMark Inc (NASDAQ:LGMK)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 71.98% of LogicMark Inc shares while 7.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 26.70%.