Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of LogicMark Inc (NASDAQ: LGMK) was $0.19 for the day, down -9.17% from the previous closing price of $0.20. In other words, the price has decreased by -$9.17 from its previous closing price. On the day, 3.28 million shares were traded.
Ratios:
Our analysis of LGMK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.13 and its Current Ratio is at 3.73. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.01.
Stock Price History:
Over the past 52 weeks, LGMK has reached a high of $30.00, while it has fallen to a 52-week low of $0.16. The 50-Day Moving Average of the stock is -80.45%, while the 200-Day Moving Average is calculated to be -96.86%.
Shares Statistics:
A total of 6.58M shares are outstanding, with a floating share count of 5.00M. Insiders hold about 24.11% of the company’s shares, while institutions hold 11.90% stake in the company.
