LogicMark, Inc. (NASDAQ:LGMK) Short Interest Update

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 437,200 shares, a decline of 64.7% from the September 30th total of 1,240,000 shares. Approximately 27.2% of the company’s shares are short sold. Based on an average trading volume of 14,720,000 shares, the short-interest ratio is presently 0.0 days.

Insider Buying and Selling at LogicMark

In other news, major shareholder Winvest Investment Fund Manage acquired 2,104,107 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of $0.08 per share, for a total transaction of $168,328.56. Following the acquisition, the insider now directly owns 3,050,187 shares in the company, valued at $244,014.96. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.47% of the stock is owned by company insiders.

LogicMark Price Performance

Shares of LGMK stock remained flat at $0.10 during trading hours on Friday. The stock had a trading volume of 11,742,456 shares, compared to its average volume of 4,817,859. The company’s fifty day simple moving average is $0.15 and its two-hundred day simple moving average is $0.49. The stock has a market capitalization of $633,708.00, a P/E ratio of -0.01 and a beta of 1.22. LogicMark has a fifty-two week low of $0.08 and a fifty-two week high of $2.20.

LogicMark (NASDAQ:LGMK) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.07) by $0.11. LogicMark had a negative net margin of 146.14% and a negative return on equity of 104.48%. The company had revenue of $2.34 million during the quarter, compared to the consensus estimate of $2.37 million. Research analysts forecast that LogicMark will post -2.15 earnings per share for the current year.

LogicMark Company Profile

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.