LogicMark (OTCMKTS:LGMKD) Trading Up 10.6% – What’s Next?

LogicMark, Inc. (OTCMKTS:LGMKD)’s share price shot up 10.6% during mid-day trading on Tuesday . The company traded as high as $0.7299 and last traded at $0.7299. 8,434 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 8,586 shares. The stock had previously closed at $0.66.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of LogicMark to a “hold” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

LogicMark Stock Up 10.6%

The firm’s fifty day moving average is $0.85 and its two-hundred day moving average is $1.86. The firm has a market cap of $661,289.40, a P/E ratio of -0.01 and a beta of 1.67.

LogicMark (OTCMKTS:LGMKD) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($2.21) EPS for the quarter. LogicMark had a negative return on equity of 57.08% and a negative net margin of 90.21%.The company had revenue of $2.91 million during the quarter, compared to the consensus estimate of $2.72 million. As a group, sell-side analysts forecast that LogicMark, Inc. will post -54.25 EPS for the current year.

LogicMark Company Profile

LogicMark, Inc (NASDAQ:LGMKD) is a Florida-based company specializing in personal emergency response systems (PERS) designed to enhance safety and independence for seniors and vulnerable individuals. Through its proprietary cellular and GPS-enabled devices, LogicMark enables rapid connection to emergency services and designated caregivers at the push of a button, whether users are at home or on the move. The company’s solutions help address the growing demand for reliable, easy-to-use monitoring technology in aging-in-place and assisted-living settings.

The company’s product portfolio includes in-home cellular units, wearable pendants, wristband communicators and on-the-go mobile locators with built-in fall detection capabilities.