In Monday’s Wall Street session, LogicMark Inc (NASDAQ:LGMK) shares traded at $0.01, up 32.32% from the previous session.
LGMK stock price is now -95.28% away from the 50-day moving average and -99.64% away from the 200-day moving average. The market capitalization of the company currently stands at $0.79M.
In other news, Winvest Investment Fund Manage, 10% Owner bought 2,104,107 shares of the company’s stock on Oct 15 ’24. The stock was bought for $178,639 at an average price of $0.08. Upon completion of the transaction, the 10% Owner now directly owns 3,050,187 shares in the company, valued at $30501.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, 10% Owner Winvest Investment Fund Manage bought 1,024,400 shares of the business’s stock. A total of $93,016 was incurred on buying the stock at an average price of $0.09. This leaves the insider owning 4,074,587 shares of the company worth $40745.87. A total of 10.06% of the company’s stock is owned by insiders.
As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.63, and a quick ratio of 2.01. The fifty day moving average price for LGMK is $0.2774 and a two-hundred day moving average price translates $3.670125 for the stock.
The latest earnings results from LogicMark Inc (NASDAQ: LGMK) was released for 2024-12-31. The net profit margin was -93.96% and return on equity was -66.44% for LGMK. The company reported revenue of $2.25 million for the quarter, compared to $2.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.3 percent. For the current quarter, analysts expect LGMK to generate $2.63M in revenue.
