LogicMark, Inc. (NASDAQ:LGMK – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 313,000 shares, an increase of 72.8% from the July 15th total of 181,100 shares. Based on an average daily volume of 163,200 shares, the days-to-cover ratio is presently 1.9 days. Currently, 10.3% of the company’s shares are sold short.
LogicMark Stock Performance
NASDAQ:LGMK traded up $0.00 during trading hours on Friday, reaching $0.16. The company’s stock had a trading volume of 452,820 shares, compared to its average volume of 446,703. The firm has a market capitalization of $343,391.10, a price-to-earnings ratio of -0.01 and a beta of 1.28. The firm has a 50-day simple moving average of $0.53 and a 200-day simple moving average of $0.79. LogicMark has a 1 year low of $0.13 and a 1 year high of $2.88.
LogicMark (NASDAQ:LGMK – Get Free Report) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.85) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.88) by $0.03. LogicMark had a negative net margin of 148.63% and a negative return on equity of 86.78%. The firm had revenue of $2.61 million for the quarter, compared to analysts’ expectations of $2.84 million. Equities analysts anticipate that LogicMark will post -3.85 earnings per share for the current fiscal 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.
Read More
- Five stocks we like better than LogicMark
- Consumer Staples Stocks, Explained
- Lockheed Martin’s Sky-High Surge: Buy Now or Wait for a Landing?
- What to Know About Investing in Penny Stocks
- Deere Rebounds on Earnings Beat, But Uphill Battle Remains
- What Are Dividend Champions? How to Invest in the Champions
- Mutual Funds vs Hedge Funds: What’s the Difference?
Receive News & Ratings for LogicMark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogicMark and related companies with MarketBeat.com's FREE daily email newsletter.