LogicMark (LGMK) Stock Price, News & Analysis

Company Overview

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. It also manufactures and distributes non-monitored and monitored personal emergency response systems, which are offered through the United States Veterans Health Administration (VHA), direct-to-consumers, healthcare durable medical equipment dealers and distributors, monitored security dealers and distributors, and its ecommerce website logicmark.com and Amazon.com. The company was formerly known as Nxt-ID, Inc. and changed its name to LogicMark, Inc. in March 2022. LogicMark, Inc. was founded in 2006 and is based in Louisville, Kentucky.

Key Stats

• Today's Range: $1.73 to $1.87
• 50-Day Range: $1.73 to $4.46
• 52-Week Range: $1.64 to $32.48
• Volume: 109,905 shs
• Average Volume: 336,216 shs
• Market Capitalization: $3.37 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

LogicMark Stock Analysis - MarketRank™

LogicMark scored higher than 38% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for LogicMark.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of LogicMark is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of LogicMark is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

LogicMark has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

20.45% of the float of LogicMark has been sold short.

Short Interest Ratio / Days to Cover

LogicMark has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in LogicMark has recently decreased by 97.36%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

LogicMark does not currently pay a dividend.

Dividend Growth

LogicMark does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

20.45% of the float of LogicMark has been sold short.

Short Interest Ratio / Days to Cover

LogicMark has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in LogicMark has recently decreased by 97.36%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.44

News Sentiment

LogicMark has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for LogicMark this week, compared to 0 articles on an average week.

Search Interest

2 people have searched for LGMK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

1 people have added LogicMark to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, LogicMark insiders have bought more of their company's stock than they have sold. Specifically, they have bought $201,938.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 3.47% of the stock of LogicMark is held by insiders.

Percentage Held by Institutions

Only 7.88% of the stock of LogicMark is held by institutions.

LGMK Stock Analysis - Frequently Asked Questions

How have LGMK shares performed this year?

LogicMark's stock was trading at $26.50 at the beginning of the year. Since then, LGMK shares have decreased by 93.1% and is now trading at $1.82.
View the best growth stocks for 2024 here.

How were LogicMark's earnings last quarter?

LogicMark, Inc. (NASDAQ:LGMK) released its quarterly earnings results on Tuesday, November, 12th. The company reported ($5.00) EPS for the quarter, beating the consensus estimate of ($10.75) by $5.75. The company earned $2.71 million during the quarter, compared to analyst estimates of $2.44 million. LogicMark had a negative trailing twelve-month return on equity of 124.91% and a negative net margin of 141.96%.

When did LogicMark's stock split?

LogicMark shares reverse split before market open on Monday, April 24th 2023. The 1-20 reverse split was announced on Monday, April 24th 2023. The number of shares owned by shareholders was adjusted after the market closes on Monday, April 24th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

How do I buy shares of LogicMark?

Shares of LGMK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of LogicMark own?

Based on aggregate information from My MarketBeat watchlists, some other companies that LogicMark investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Bakkt (BKKT) and Inuvo (INUV).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 4/15/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Surgical appliances & supplies
• Sub-Industry: N/A
• Current Symbol: NASDAQ:LGMK
• CUSIP: N/A
• CIK: 1566826
• Web: nxt-id.com
• Phone: (502) 442-7911
• Fax: N/A
• Employees: 26
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($223.50)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-14,550,000.00
• Net Margins: -141.96%
• Pretax Margin: -145.03%
• Return on Equity: -124.91%
• Return on Assets: -92.05%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.73
• Quick Ratio: 3.29

Sales & Book Value

• Annual Sales: $9.93 million
• Price / Sales: 0.34
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $6.51 per share
• Price / Book: 0.28

Miscellaneous

• Outstanding Shares: 1,850,000
• Free Float: 1,785,000
• Market Cap: $3.37 million
• Optionable: No Data
• Beta: 1.25