LogicMark Inc (NASDAQ:LGMK) traded at $0.01 at close of the session on Monday, April 21 and made a downward move of -4.26% on its previous day’s price.
LogicMark Inc has a market cap of $0.55 million and is expected to release its quarterly earnings report on 2025-Mar-30.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 2.63M, with a low of 2.63M and a high of 2.63M. The median projection represents growth squeezing down to 0.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 9.96M, or 0.55% up from figures reported last year.
On the other hand, looking at the outlook for the LGMK stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -68.16% off its SMA20 and -95.40% from its 50-day simple moving average. The RSI (14) is pointing at 13.10 while the volatility over the past week is 24.22% and jumps to 33.58% over the past one month. The beta value is 1.93, while the average true range (ATR) is currently pointing at 0.02.
Coming back to LogicMark Inc (NASDAQ:LGMK), we note that the average 3-month trading volume was 42.82 million, while that of the preceding 10-day period stands at 155.28 million. Current shares outstanding are 60.59 million.
The insiders hold 10.06% of the company’s shares while institutions hold 1.29%. The data shows that short shares as of 2025-03-31, stood at 1.02 million at a short ratio of 0.06. This represents a 169.00 short interest in shares outstanding on 2025-03-31. Shares short rose in March from the previous month at 0.16 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -99.40% down in year-to-date price movement.
