Luokung Technology Corp. (NASDAQ:LKCO) currently has a daily average trading volume of 2.08M but it saw 2744466 shares traded on Thursday. With a market cap of 44.30M USD, stock’s current market price of $0.10 came rising about 3.00 while comparing to the previous closing price of $0.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.63 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.1035 while lowest mark touched by it was $0.09.
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Taking a look at 20-day trading activity of Luokung Technology Corp. (LKCO) gives us an average price of $0.1353, while its current price level is -83.65% below from 52-week high level whereas it is 4.99% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1677 while that of 200 days or SMA-200 reads an average of $0.2295. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.54% during that period while stretching the period over a month that decreases to 10.00%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 22.03 which implies that the stock is in oversold territory.
Luokung Technology Corp. (LKCO)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $1.80 and $1.80 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.80 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $1.80. Average price target assigned by them is $1.80 which highlights an upside potential of 94.44% for the stock over that period. And to attain the median price target of $1.80 assigned by those analysts, stock has to add about 94.44% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
Over the week, LKCO’s stock price is moving -21.97% down while it is -37.61% when we observe its performance for the past one month. Year-to-date it is -31.97% down and over the past year, the stock is showing a downside performance of -77.56%.
Currently, Luokung Technology Corp.’s total number of outstanding shares is 392.32M with 10.09% of that held by the insiders while 1.90% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -38.60% and return on equity (ROE) at -62.40%. Stock’s beta reads 0.63. Stock has a price to book (P/B) ratio of 0.32 while price to sale or P/S ratio amounts to 0.26. Its return on asset (ROA) is -32.70% on average.
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