LogicMark (NASDAQ:LGMK) Trading 2% Higher – What’s Next?

Shares of LogicMark, Inc. (NASDAQ:LGMK) were up 2% on Thursday . The company traded as high as $1.59 and last traded at $1.56. Approximately 255,574 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 337,514 shares. The stock had previously closed at $1.53.

LogicMark Stock Performance

The stock has a 50 day moving average of $2.32 and a two-hundred day moving average of $6.93. The firm has a market capitalization of $3.22 million, a P/E ratio of -0.01 and a beta of 1.15.

LogicMark (NASDAQ:LGMK) last posted its earnings results on Tuesday, November 12th. The company reported ($5.00) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($10.75) by $5.75. LogicMark had a negative net margin of 141.96% and a negative return on equity of 124.91%. The business had revenue of $2.71 million for the quarter, compared to analyst estimates of $2.44 million. During the same period last year, the business posted ($27.50) EPS. Sell-side analysts predict that LogicMark, Inc. will post -54.25 EPS for the current year.

Insider Transactions at LogicMark

In related news, major shareholder Winvest Investment Fund Manage bought 84,164 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $2.00 per share, for a total transaction of $168,328.00. Following the purchase, the insider now directly owns 122,007 shares in the company, valued at $244,014. This trade represents a 222.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.47% of the stock is currently owned by corporate insiders.

About LogicMark

LogicMark, Inc provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company’s devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one’s health and safety remotely.