LogicMark Inc (NASDAQ:LGMK) Share Price Recovers 5.88% From Its Lows, But Can It Maintain Its Rise?

In last trading session, LogicMark Inc (NASDAQ:LGMK) saw 1.71 million shares changing hands with its beta currently measuring 1.49. Company’s recent per share price level of $0.17 trading at -$0.01 or -4.48% at ring of the bell on the day assigns it a market valuation of $1.13M. That closing price of LGMK’s stock is at a discount of -17547.06% from its 52-week high price of $30.00 and is indicating a premium of 5.88% from its 52-week low price of $0.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.08 million shares which gives us an average trading volume of 2.01 million if we extend that period to 3-months.

LogicMark Inc (NASDAQ:LGMK) trade information

Upright in the red during last session for losing -4.48%, in the last five days LGMK remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $0.17 price level, adding 18.62% to its value on the day. LogicMark Inc’s shares saw a change of -88.62% in year-to-date performance and have moved -6.11% in past 5-day. LogicMark Inc (NASDAQ:LGMK) showed a performance of -75.53% in past 30-days. Number of shares sold short was 0.16 million shares which calculate 0.05 days to cover the short interests.

LogicMark Inc (LGMK) estimates and forecasts

This year revenue growth is estimated to fall -0.45% 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 2.23M for the same.

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 10.21% of company’s total shares while institution are holding 11.91 percent of that, with stock having share float percentage of 13.26%. Investors also watch the number of corporate investors in a company very closely, which is 11.91% institutions for LogicMark Inc that are currently holding shares of the company.

On the other hand, Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 252.0 shares of worth $43.0 or 0.00% of the total outstanding shares. The later fund manager was in possession of 758.0 shares on Dec 31, 2024 , making its stake of worth around $129.0 in the company or a holder of 0.00% of company’s stock.