LogicMark (NASDAQ:LGMK) Trading Down 0.7% – What’s Next?

LogicMark, Inc. (NASDAQ:LGMK)’s stock price was down 0.7% during mid-day trading on Thursday . The stock traded as low as $1.42 and last traded at $1.43. Approximately 67,418 shares were traded during trading, a decline of 82% from the average daily volume of 371,522 shares. The stock had previously closed at $1.44.

LogicMark Price Performance

The stock has a market capitalization of $2.92 million, a P/E ratio of -0.01 and a beta of 1.17. The stock has a fifty day moving average price of $1.96 and a 200 day moving average price of $4.91.

LogicMark (NASDAQ:LGMK) last issued its earnings results on Tuesday, November 12th. The company reported ($5.00) EPS for the quarter, topping the consensus estimate of ($10.75) by $5.75. LogicMark had a negative return on equity of 124.91% and a negative net margin of 141.96%. The business had revenue of $2.71 million during the quarter, compared to the consensus estimate of $2.44 million. During the same quarter last year, the company earned ($27.50) EPS. Research analysts anticipate that LogicMark, Inc. will post -54.25 earnings per share for the current year.

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.