LogicMark, Inc. (NASDAQ:LGMK) Major Shareholder Acquires $33,610.00 in Stock

LogicMark, Inc. (NASDAQ:LGMK) major shareholder Winvest Investment Fund Manage purchased 336,100 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average price of $0.10 per share, with a total value of $33,610.00. Following the acquisition, the insider now directly owns 945,700 shares in the company, valued at approximately $94,570. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Winvest Investment Fund Manage also recently made the following trade(s):

• On Tuesday, October 15th, Winvest Investment Fund Manage bought 2,104,107 shares of LogicMark stock. The stock was acquired at an average price of $0.08 per share, for a total transaction of $168,328.56.

LogicMark Trading Up 2.6 %

NASDAQ LGMK opened at $0.09 on Monday. The stock has a market cap of $190,919.30, a PE ratio of -0.01 and a beta of 1.22. LogicMark, Inc. has a twelve month low of $0.08 and a twelve month high of $2.20. The stock has a fifty day simple moving average of $0.15 and a 200-day simple moving average of $0.51.

LogicMark (NASDAQ:LGMK) last announced its earnings results on Tuesday, August 13th. The company reported ($0.96) earnings per share for the quarter, topping the consensus estimate of ($1.07) by $0.11. The company had revenue of $2.34 million during the quarter, compared to analyst estimates of $2.37 million. LogicMark had a negative net margin of 146.14% and a negative return on equity of 104.48%. Research analysts predict that LogicMark, Inc. will post -2.15 EPS 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.