Should lgmk rise before there stock reverse split

LogicMark's stock price is unlikely to rise significantly before the reverse stock split. Here's why:

1. Reverse Stock Split Purpose: The reverse stock split is being implemented to bring LogicMark into compliance with Nasdaq's $1.00 per share minimum bid price requirement for continued listing on the Nasdaq Capital Market. This is a regulatory necessity and not a signal of potential growth.
2. Market Reaction: The announcement of the reverse stock split has led to a decline in LogicMark's stock price, with shares losing over 16% on the day of the announcement. This suggests that the market may have reacted negatively to the news, possibly anticipating the negative impact of the split on the stock's price.
3. Financial Performance: While LogicMark has reported strong third-quarter financial results with a 14% year-over-year increase in revenue and a 13% increase in gross profit, these positive figures do not indicate an imminent rise in stock price. The company's financial performance is not currently translating into positive momentum for the stock.
4. Corporate Restructuring: LogicMark has recently undergone a significant corporate restructuring, including the issuance of new preferred stock series. Such restructuring can be disruptive to the stock price and may not lead to an immediate rise in the stock's value.

In conclusion, the reverse stock split is primarily a compliance measure and does not indicate a bullish outlook for the stock. The market's reaction to the split and the company's financial performance do not support the expectation of a pre-split price increase.