Published on 19 Apr 2023 on Simply Wall St. via Yahoo Finance
LogicMark, Inc.'s (NASDAQ:LGMK) Price Is Right But Growth Is Lacking
LogicMark, Inc.'s (NASDAQ:LGMK) price-to-sales (or "P/S") ratio of 0.3x might make it look like a strong buy right now compared to the Medical Equipment industry in the United States, where around half of the companies have P/S ratios above 3.8x and even P/S above 9x are quite common. However, the P/S might be quite low for a reason and it requires further investigation to determine if it's justified.
See our latest analysis for LogicMark
