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Luokung Technology Corp. (LKCO): Skating on Thin Ice? We Know the Answer

Luokung Technology Corp. (NASDAQ:LKCO) went up by 13.82% from its latest closing price compared to the recent 1-year high of $0.93. The company’s stock price has collected -13.71% of loss in the last five trading sessions.

Is It Worth Investing in Luokung Technology Corp. (NASDAQ :LKCO) Right Now?

Plus, the 36-month beta value for LKCO is at 0.41. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Luokung Technology Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $1.80. LKCO currently public float of 360.56M and currently shorts hold a 1.54% ratio of that float. Today, the average trading volume of LKCO was 1.09M shares.

LKCO’s Market Performance

LKCO stocks went down by -13.71% for the week, with a monthly drop of 0.00% and a quarterly performance of -23.94%, while its annual performance rate touched -81.52%. The volatility ratio for the week stands at 8.20% while the volatility levels for the past 30 days are set at 9.91% for Luokung Technology Corp. The simple moving average for the period of the last 20 days is 16.12% for LKCO stocks with a simple moving average of -47.81% for the last 200 days.

LKCO Trading at 10.68% from the 50-Day Moving Average

After a stumble in the market that brought LKCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.19% of loss for the given period.

Volatility was left at 9.91%, however, over the last 30 days, the volatility rate increased by 8.20%, as shares surge +10.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.19% lower at present.

During the last 5 trading sessions, LKCO fell by -0.37%, which changed the moving average for the period of 200-days by -73.81% in comparison to the 20-day moving average, which settled at $0.1676. In addition, Luokung Technology Corp. saw -71.91% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for LKCO

Current profitability levels for the company are sitting at:

  • -43.86 for the present operating margin
  • +5.60 for the gross margin

The net margin for Luokung Technology Corp. stands at -47.43. Equity return is now at value -70.90, with -36.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.