Insider Buying: LogicMark, Inc. (NASDAQ:LGMK) Major Shareholder Buys 336,100 Shares of Stock

LogicMark, Inc. (NASDAQ:LGMK) major shareholder Winvest Investment Fund Manage bought 336,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average price of $0.10 per share, with a total value of $33,610.00. Following the completion of the acquisition, the insider now owns 945,700 shares of the company’s stock, valued at $94,570. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares 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 purchased 2,104,107 shares of LogicMark stock. The shares were purchased at an average price of $0.08 per share, with a total value of $168,328.56.

LogicMark Price Performance

NASDAQ:LGMK opened at $0.09 on Monday. The firm has a market capitalization of $190,919.30, a PE ratio of -0.01 and a beta of 1.22. The business’s fifty day moving average price is $0.15 and its 200 day moving average price is $0.51. LogicMark, Inc. has a 12 month low of $0.08 and a 12 month high of $2.20.

LogicMark (NASDAQ:LGMK) last issued its earnings results on Tuesday, August 13th. The company reported ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.07) by $0.11. The business had revenue of $2.34 million during the quarter, compared to analysts’ expectations of $2.37 million. LogicMark had a negative net margin of 146.14% and a negative return on equity of 104.48%. As a group, equities analysts anticipate that LogicMark, Inc. will post -2.15 EPS for the current year.

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.