The company, active in the Healthcare sector, saw a trading volume of around 72.42 million for the day, considerably higher average daily volume of 41.58 million observed over the last three months.
LogicMark Inc had a pretty Dodgy run when it comes to the market performance.
How Financial Performance Impacts Market Capitalization
LogicMark Inc (LGMK) has experienced a quarterly decline of -99.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 0.57M and boasts a workforce of 35 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8926, with a change in price of -2.1206. Similarly, LogicMark Inc recorded 26,675,965 in trading volume during the last 100 days, posting a change of -99.56%.
How LGMK’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for LGMK stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
LGMK Stock Stochastic Average
As of today, the raw stochastic average of LogicMark Inc over the last 50 days is at 0.24%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 1.70%. Further, the company’s Stochastic %K and %D values for the last 20 days were 2.09% and 2.47%, respectively.
LGMK Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -99.37%. However, over the past six months, we’ve seen a stronger performance of -99.59%. The price of LGMK leaped by -94.40% over the last 30 days. And in the last five days, it has fallen by 0.00%.
