An Analysis of LogicMark Inc. (LGMK)’s Potential Price Growth

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LogicMark Inc.’s filing revealed that its Director Curtis Robert Arthur acquired Company’s shares for reported $11460.0 on Jun 22. In the deal valued at $1.15 per share,10,000 shares were bought. As a result of this transaction, Curtis Robert Arthur now holds 27,645 shares worth roughly $ 6358.35.

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Price Performance Review of LGMK

On Tuesday, LogicMark Inc. [NASDAQ:LGMK] saw its stock fall -37.02% to $0.23. On the same session, the stock had its day’s lowest price of $0.209, but rose to a high of $0.24. Over the last five days, the stock has lost -41.49%. LogicMark Inc. shares have fallen nearly -48.44% since the year began. Nevertheless, the stocks have fallen -92.41% over the past one year. While a 52-week high of $3.19 was reached on 01/12/23, a 52-week low of $0.34 was recorded on 01/24/23. SMA at 50 days reached $0.5305, while 200 days put it at $1.0317. A total of 13.78 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For LGMK Stock

The 24-hour chart illustrates a support level at 0.2127, which if violated will result in even more drops to 0.1953. On the upside, there is a resistance level at 0.2437. A further resistance level may holdings at 0.2573. The Relative Strength Index (RSI) on the 14-day chart is 23.42, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0648, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.45%. Stochastics %K at 8.73% indicates the stock is a buying.

How much short interest is there in LogicMark Inc.?

A steep rise in short interest was recorded in LogicMark Inc. stocks on Oct 13, 2022, growing by 4450.0 shares to a total of 0.35 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 0.35 million shares. There was a rise of 1.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.22.

LogicMark Inc. [LGMK] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 273,158 shares, or roughly 2.84% of the outstanding LGMK shares. In other words, the investor’s shares have fallen by -42,310 from its previous 13-F filing of 315468.0. Additionally, Group One Trading LP decreased -14.76% of its stake after which the total value it holdings stand at $59,985, while Renaissance Technologies LLC added 92.13% of its stake to hold $33268.0 in the firm. At present, Susquehanna Financial Group LLLP is holding 30,182 shares valued at $13461.0. SSgA Funds Management, Inc. owned 24,000 shares of the company at the time of its most recent 13F filing, worth $10704.0.

According to FactSet, LogicMark Inc.’s share price will average $3.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 845.95 percent from its previous closing price of $0.37. Analysts expect LogicMark Inc. stock to reach the higher price of $3.50, while the lowest price estimate is $3.50. However, 1 analyst have rated LGMK stock as a Hold in their predictions for 2023.

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