On June 30, 2022, Luokung Technology Corp. (NASDAQ: LKCO) opened at $0.40, lower -4.10% from the last session. During the day, the shares moved up to $0.417 and dropped to $0.3904 before settling in for the closing price of $0.42. Price fluctuations for LKCO have ranged from $0.36 to $2.55 over the past 52 weeks.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
Communication Services Sector giant saw their annual sales surged by 284.30% over the last five years. Company’s average yearly earnings per share was noted -14.40% at the time writing. With a float of $333.52 million, this company’s outstanding shares have now reached $362.67 million.
The firm has a total of 180 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Luokung Technology Corp. is 46.50%, while institutional ownership is 3.70%.
Luokung Technology Corp. (LKCO) Earnings and Forecasts
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
Check out the current performance indicators for Luokung Technology Corp. (LKCO). In the past quarter, the stock posted a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.20
Technical Analysis of Luokung Technology Corp. (LKCO)
Analysing the last 5-days average volume posted by the [Luokung Technology Corp., LKCO], we can find that recorded value of 1.56 million was lower than the volume posted last year of 1.78 million. As of the previous 9 days, the stock’s Stochastic %D was 22.42%. Additionally, its Average True Range was 0.04.
During the past 100 days, Luokung Technology Corp.’s (LKCO) raw stochastic average was set at 7.12%, which indicates a significant decrease from 18.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.81% in the past 14 days, which was lower than the 90.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4440, while its 200-day Moving Average is $0.7055. Now, the first resistance to watch is $0.4145. This is followed by the second major resistance level at $0.4290. The third major resistance level sits at $0.4411. If the price goes on to break the first support level at $0.3879, it is likely to go to the next support level at $0.3758. Should the price break the second support level, the third support level stands at $0.3613.
Luokung Technology Corp. (NASDAQ: LKCO) Key Stats
There are currently 385,542K shares outstanding in the company with a market cap of 152.49 million. Presently, the company’s annual sales total 145,070 K according to its annual income of -68,800 K. Last quarter, the company’s sales amounted to 5,331 K and its income totaled 3,125 K.