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


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.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


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.


Please enter your comment!
Please enter your name here