LogicMark Inc [LGMK] Stock trading around $0.18 per share: What’s Next?

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LogicMark Inc [NASDAQ: LGMK] jumped around 0.01 points on Wednesday, while shares priced at $0.18 at the close of the session, up 7.12%.

Compared to the average trading volume of 1.59M shares, LGMK reached a trading volume of 17683551 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about LogicMark Inc [LGMK]?

The Average True Range (ATR) for LogicMark Inc is set at 0.04, with the Price to Sales ratio for LGMK stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.04, with the Price to Cash per share for the same quarter was set at 0.49.

How has LGMK stock performed recently?

LogicMark Inc [LGMK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.08. With this latest performance, LGMK shares dropped by -64.88% in over the last four-week period, additionally sinking by -81.34% over the last 6 months – not to mention a drop of -90.95% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LGMK stock in for the last two-week period is set at 30.75, with the RSI for the last a single of trading hit 34.45, and the three-weeks RSI is set at 30.02 for LogicMark Inc [LGMK]. The present Moving Average for the last 50 days of trading for this stock 0.4386, while it was recorded at 0.1806 for the last single week of trading, and 0.8578 for the last 200 days.

LogicMark Inc [LGMK]: Deeper insight into the fundamentals

LogicMark Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.36 and a Current Ratio set at 2.78.

Earnings analysis for LogicMark Inc [LGMK]

With the latest financial reports released by the company, LogicMark Inc posted -1.73/share EPS, while the average EPS was predicted by analysts to be reported at -1.73/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LGMK.

Insider trade positions for LogicMark Inc [LGMK]

There are presently around $11.94%, or 12.98%% of LGMK stock, in the hands of institutional investors.

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