A new trading day began on June 21, 2022, with Luokung Technology Corp. (NASDAQ: LKCO) stock priced at $0.43, up 8.88% from the previous day of trading. During the day, the shares moved up to $0.4632 and dropped to $0.43 before settling in for the closing price of $0.42. LKCO’s price has ranged from $0.36 to $3.00 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 284.30%. Meanwhile, its annual earnings per share averaged -14.40%. With a float of $333.52 million, this company’s outstanding shares have now reached $362.67 million.
The extent of productivity of a business whose workforce counts for 180 workers is very important to gauge. In terms of profitability, gross margin is +5.60, operating margin of -43.86, and the pretax margin is -47.98.
Luokung Technology Corp. (LKCO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Luokung Technology Corp. is 46.50%, while institutional ownership is 3.70%.
Luokung Technology Corp. (LKCO) Latest Financial update
This company achieved a net margin of -47.43 while generating a return on equity of -69.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -14.40% per share during the next fiscal year.
Luokung Technology Corp. (NASDAQ: LKCO) Trading Performance Indicators
Here are Luokung Technology Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.20
Technical Analysis of Luokung Technology Corp. (LKCO)
The latest stats from [Luokung Technology Corp., LKCO] show that its last 5-days average volume of 0.73 million was inferior to 1.8 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.31%. Additionally, its Average True Range was 0.03.
During the past 100 days, Luokung Technology Corp.’s (LKCO) raw stochastic average was set at 17.37%, which indicates a significant decrease from 91.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.05% in the past 14 days, which was lower than the 95.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4549, while its 200-day Moving Average is $0.7398. Now, the first resistance to watch is $0.4703. This is followed by the second major resistance level at $0.4834. The third major resistance level sits at $0.5035. If the price goes on to break the first support level at $0.4371, it is likely to go to the next support level at $0.4170. The third support level lies at $0.4039 if the price breaches the second support level.
Luokung Technology Corp. (NASDAQ: LKCO) Key Stats
With a market capitalization of 167.89 million, the company has a total of 385,542K Shares Outstanding. Currently, annual sales are 145,070 K while annual income is -68,800 K. The company’s previous quarter sales were 5,331 K while its latest quarter income was 3,125 K.
