Stocks of LogicMark Inc (NASDAQ:LGMK) traded higher last session on Wall Street, up 10.82% to $0.12.
LGMK stock price is now -21.39% away from the 50-day moving average and -81.85% away from the 200-day moving average. The market capitalization of the company currently stands at $0.70M.
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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 $0.37 million. 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 $0.49 million. A total of 73.45% of the company’s stock is owned by insiders.
During the past 12 months, LogicMark Inc has had a low of $0.08 and a high of $2.20. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 2.78, and a quick ratio of 2.36. The fifty day moving average price for LGMK is $0.14716 and a two-hundred day moving average price translates $0.63744 for the stock.
The latest earnings results from LogicMark Inc (NASDAQ: LGMK) was released for 2024-06-30. The net profit margin was -158.75% and return on equity was -79.72% for LGMK. The company reported revenue of $2.34 million for the quarter, compared to $2.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.39 percent.
