LogicMark (LGMK) Set to Announce Earnings on Tuesday

LogicMark (NASDAQ:LGMK) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.43) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

LogicMark (NASDAQ:LGMK) last issued its earnings results on Tuesday, August 13th. The company reported ($0.96) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.11. The business had revenue of $2.34 million during the quarter, compared to analyst estimates of $2.37 million. LogicMark had a negative return on equity of 104.48% and a negative net margin of 146.14%.

LogicMark Stock Up 4.8 %

Shares of NASDAQ LGMK opened at $0.12 on Monday. The firm’s 50-day moving average price is $0.13 and its 200-day moving average price is $0.42. LogicMark has a 52-week low of $0.08 and a 52-week high of $2.20. The company has a market cap of $744,182.00, a PE ratio of -0.01 and a beta of 1.25.

Insider Buying and Selling

In related news, major shareholder Winvest Investment Fund Manage bought 336,100 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was acquired at an average cost of $0.10 per share, for a total transaction of $33,610.00. Following the purchase, the insider now owns 945,700 shares in the company, valued at approximately $94,570. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.47% of the stock is currently owned by corporate insiders.

About LogicMark

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.