In Wednesday’s Wall Street session, LogicMark Inc (NASDAQ:LGMK) shares traded at $0.27, down -7.70% from the previous session.
LGMK stock price is now -79.84% away from the 50-day moving average and -96.23% away from the 200-day moving average. The market capitalization of the company currently stands at $0.75M.
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 $0.82 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 $1.1 million. A total of 6.27% of the company’s stock is owned by insiders.
During the past 12 months, LogicMark Inc has had a low of $0.27 and a high of $32.25. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.73, and a quick ratio of 3.13.
The net profit margin was -154.16% and return on equity was -77.34% for LGMK. The company reported revenue of $2.71 million for the quarter, compared to $2.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.32 percent.
