LogicMark, Inc. (NASDAQ:LGMK) Sees Large Decline in Short Interest

LogicMark, Inc. (NASDAQ:LGMK) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 41,000 shares, a decline of 49.1% from the January 15th total of 80,600 shares. Based on an average trading volume of 723,600 shares, the short-interest ratio is presently 0.1 days. Currently, 1.6% of the shares of the company are sold short.

LogicMark Stock Performance

LGMK traded down $0.03 during trading on Thursday, reaching $0.68. The company’s stock had a trading volume of 430,167 shares, compared to its average volume of 232,716. The company has a market capitalization of $1.85 million, a price-to-earnings ratio of 0.00 and a beta of 1.15. The company’s fifty day moving average price is $1.43 and its 200-day moving average price is $3.03. LogicMark has a 52-week low of $0.66 and a 52-week high of $32.25.

LogicMark (NASDAQ:LGMK) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($5.00) earnings per share for the quarter, topping analysts’ consensus estimates of ($10.75) by $5.75. LogicMark had a negative return on equity of 124.91% and a negative net margin of 141.96%. The firm had revenue of $2.71 million for the quarter, compared to analyst estimates of $2.44 million. During the same quarter in the prior year, the company posted ($27.50) earnings per share. Equities analysts predict that LogicMark will post -54.25 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.