Market Insights: LogicMark Inc (LGMK)’s Notable Drop of -5.74, Closing at 0.01

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As of close of business last night, LogicMark Inc’s stock clocked out at $0.01, down -5.74% from its previous closing price of $0.01. In other words, the price has decreased by -$5.74 from its previous closing price. On the day, 87.65 million shares were traded.

Ratios:

To gain a deeper understanding of LGMK’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.25 and its Current Ratio is at 7.56. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 15 ’24 when Winvest Investment Fund Manage bought 2,104,107 shares for $0.08 per share. The transaction valued at 178,639 led to the insider holds 3,050,187 shares of the business.

Winvest Investment Fund Manage bought 1,024,400 shares of LGMK for $93,016 on Oct 16 ’24. The 10% Owner now owns 4,074,587 shares after completing the transaction at $0.09 per share. On Oct 09 ’24, another insider, Winvest Investment Fund Manage, who serves as the 10% Owner of the company, bought 336,100 shares for $0.10 each. As a result, the insider paid 35,190 and bolstered with 945,700 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 0.09.

Stock Price History:

The 50-Day Moving Average of the stock is -52.63%, while the 200-Day Moving Average is calculated to be -99.32%.

Shares Statistics:

A total of 576.30M shares are outstanding, with a floating share count of 570.00M. Insiders hold about 1.09% of the company’s shares, while institutions hold 2.54% stake in the company.

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