LogicMark Inc. (NASDAQ:LGMK) saw a downside of -37.02% to close Tuesday at $0.23 after subtracting -$0.14 on the day. The 5-day average trading volume is 3,096,860 shares of the company’s common stock. It has gained $0.4050 in the past week and touched a new high 1 time within the past 5 days. An average of 1,046,815 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 437,122.
LGMK’s 1-month performance is -42.96% or -$0.2300 on its low of $0.2090 reached on 01/24/23. The company’s shares have touched a 52-week low of $0.34 and high of $3.19, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, LGMK has lost -48.44% or -$0.2161 and has reached a new high 2 times. However, the current price is down -92.79% from the 52-week high price.
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LGMK stock has a beta of 2.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.18 while the price-to-book (PB) in the most recent quarter is 0.10.
LogicMark Inc.’s quick ratio for the period ended December 30 was 4.50, with the current ratio over the same period at 4.90.. In terms of profitability, the gross margin trailing 12 months is 57.10%. The firm’s gross profit as reported stood at $5.68 million against revenue of $10.02 million.
For the quarterly period ending December 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 66.06% to -$2.18 million, while revenue of -$1.2 million was 44.95% off the previous quarter. Analysts expected LGMK to announce $0 per share in earnings in its latest quarter, but it posted $0.2. EBITDA for the quarter stood at more than -$1.93 million. LGMK stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 4.52 million, with total debt at $0.21 million. Shareholders hold equity totaling $9.61 million.
Let’s look briefly at LogicMark Inc. (LGMK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 19.45% to suggest the stock is trending oversold, with historical volatility in this time period at 235.61%.
The stock’s 5-day moving average is $0.3345, reflecting a -41.49% or -$0.1631 change from its current price. LGMK is currently trading -42.50% above its 20-day SMA, -80.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -67.82% and SMA200 by-88.94%.
Stochastic %K and %D was 8.73% and 8.47% and the average true range (ATR) pointed at 0.0659. The RSI (14) points at 23.42%, while the 14-day stochastic is at 6.55% with the period’s ATR at 0.0636. The stock’s 9-day MACD Oscillator is pointing at -0.0476 and -0.0648 on the 14-day charts.
Analysts offering their rating for LGMK stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate LGMK as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is LGMK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $3.50, with their median price target at $3.50. Looking at these predictions, the average price target given by analysts is for LogicMark Inc. (LGMK) stock is $3.50.