Luokung Technology Corp (NASDAQ: LKCO)’s stock price has gone decline by -1.75 in comparison to its previous close of 1.71, however, the company has experienced a 4.67% increase in its stock price over the last five trading days. globenewswire.com reported 2024-10-25 that BEIJING, Oct. 25, 2024 (GLOBE NEWSWIRE) — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that on October 23, 2024, the Company received two letters from the Nasdaq Stock Market LLC (“Nasdaq”).
Is It Worth Investing in Luokung Technology Corp (NASDAQ: LKCO) Right Now?
Moreover, the 36-month beta value for LKCO is 0.85. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LKCO is 1.88M and currently, short sellers hold a 2.29% of that float. On December 26, 2024, LKCO’s average trading volume was 46.79K shares.
LKCO’s Market Performance
LKCO stock saw an increase of 4.67% in the past week, with a monthly gain of 3.70% and a quarterly increase of -28.21%. The volatility ratio for the week is 13.46%, and the volatility levels for the last 30 days are 10.45% for Luokung Technology Corp (LKCO). The simple moving average for the last 20 days is 0.49% for LKCO’s stock, with a simple moving average of -58.15% for the last 200 days.
LKCO Trading at -5.62% 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 -79.00% of loss for the given period.
Volatility was left at 10.45%, however, over the last 30 days, the volatility rate increased by 13.46%, as shares surge +4.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.62% lower at present.
During the last 5 trading sessions, LKCO rose by +6.73%, which changed the moving average for the period of 200-days by -71.36% in comparison to the 20-day moving average, which settled at $1.6741. In addition, Luokung Technology Corp saw -57.43% 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:
- -9.26 for the present operating margin
- 0.4 for the gross margin
The net margin for Luokung Technology Corp stands at -39.39. The total capital return value is set at 0.79. Equity return is now at value -495.60, with -123.87 for asset returns.
The debt to equity ratio resting at -0.87. The interest coverage ratio of the stock is -10.69.
Currently, EBITDA for the company is -159.5 million with net debt to EBITDA at -0.31. When we switch over and look at the enterprise to sales, we see a ratio of 14.23. The receivables turnover for the company is 0.86for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To wrap up, the performance of Luokung Technology Corp (LKCO) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
