Metric Deep Dive: Understanding LogicMark Inc (LGMK) Through its Ratios

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After finishing at $2.02 in the prior trading day, LogicMark Inc (NASDAQ: LGMK) closed at $2.05, up 1.49%. In other words, the price has increased by $1.49 from its previous closing price. On the day, 0.74 million shares were traded. LGMK stock price reached its highest trading level at $2.18 during the session, while it also had its lowest trading level at $1.7201.

Ratios:

Our goal is to gain a better understanding of LGMK by taking a closer look at its different ratios. 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LGMK now has a Market Capitalization of 3790183 and an Enterprise Value of 232935. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.08. Its current Enterprise Value per Revenue stands at 0.024 whereas that against EBITDA is -0.037.

Stock Price History:

Over the past 52 weeks, LGMK has reached a high of $32.48, while it has fallen to a 52-week low of $1.79. The 50-Day Moving Average of the stock is -32.00%, while the 200-Day Moving Average is calculated to be -85.15%.

Shares Statistics:

The stock has traded on average 1.11M shares per day over the past 3-months and 3010268 shares per day over the last 10 days, according to various share statistics. A total of 1.85M shares are outstanding, with a floating share count of 0.49M. Insiders hold about 0.00% of the company’s shares, while institutions hold 2.99% stake in the company. Shares short for LGMK as of 1730332800 were 3808594 with a Short Ratio of 0.14, compared to 1727654400 on 1238195. Therefore, it implies a Short% of Shares Outstanding of 3808594 and a Short% of Float of 33.269999999999996.

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