LogicMark (NASDAQ:LGMK) Trading 2% Higher – Still a Buy?

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

LogicMark Trading Up 2.0 %

The firm has a market cap of $3.18 million, a price-to-earnings ratio of -0.01 and a beta of 1.15. The stock has a 50-day moving average of $2.33 and a two-hundred day moving average of $7.05.

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

Insider Buying and Selling

In other news, major shareholder Winvest Investment Fund Manage purchased 13,444 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was bought at an average cost of $2.50 per share, with a total value of $33,610.00. Following the purchase, the insider now directly owns 37,828 shares of the company’s stock, valued at approximately $94,570. This trade represents a 55.13 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.47% of the company’s stock.

LogicMark Company Profile

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.