Zacks Small Cap Weighs in on LogicMark, Inc.’s Q1 2024 Earnings (NASDAQ:LGMK)

LogicMark, Inc. (NASDAQ:LGMK) – Analysts at Zacks Small Cap issued their Q1 2024 earnings estimates for shares of LogicMark in a research report issued on Thursday, April 25th. Zacks Small Cap analyst M. Marin anticipates that the company will post earnings per share of ($0.88) for the quarter. The consensus estimate for LogicMark’s current full-year earnings is ($6.12) per share. Zacks Small Cap also issued estimates for LogicMark’s Q2 2024 earnings at ($1.07) EPS, Q3 2024 earnings at ($0.85) EPS and Q4 2024 earnings at ($1.05) EPS.

LogicMark Stock Down 2.3 %

Shares of LGMK opened at $0.79 on Monday. LogicMark has a 52-week low of $0.78 and a 52-week high of $3.48. The firm’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.15. The stock has a market cap of $1.74 million, a PE ratio of -0.07 and a beta of 1.36.

LogicMark (NASDAQ:LGMK) last announced its earnings results on Tuesday, April 16th. The company reported ($6.93) earnings per share (EPS) for the quarter. LogicMark had a negative return on equity of 73.72% and a negative net margin of 146.54%. The business had revenue of $2.43 million for the quarter.

About LogicMark

LogicMark, Inc offers personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. It manufactures and distributes non-monitored and monitored personal emergency response systems, which are offered through healthcare durable medical equipment and monitored security dealers/distributors, and the United States Department of Veterans Affairs.