Luokung Technology Corp. (NASDAQ:LKCO) shares, rose in value on Wednesday, Jan 13, with the stock price up by 1.22% to the previous day’s close as strong demand from buyers drove the stock to $0.84.

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Actively observing the price movement in the last trading, the stock closed the session at $0.83, falling within a range of $0.7800 and $0.8800. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $1.44, and the low was $0.34. On the whole, LKCO has fluctuated by 58.51% over the past month.

We see that LKCO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

A comparison of Luokung Technology Corp. (LKCO) with its peers suggests the former has fared considerably weaker in the market. LKCO showed an intraday change of +1.22% in last session, and over the past year, it dropped by -39.99%. In comparison, Spotify Technology S.A. (SPOT) has moved higher at +0.01% on the day and was up +132.3% over the past 12 months. On the other hand, the price of Docusign Inc (DOCU) has fallen -2.59% on the day. The stock, however, is off 251.44% from where it was a year ago. Additionally, there is a gain of 122% for Aptiv Plc (APTV) in last trading while the stock has seen an overall depriciation of -39.99% over the past year. The PE ratio stands at 0 for Luokung Technology Corp., compared to 0 for Spotify Technology S.A., and 0 for Docusign Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.

Data on historical trading for Luokung Technology Corp. (NASDAQ:LKCO) indicates that the trading volumes over the past 10 days have averaged 2.65 Million and over the past 3 months, they’ve averaged 1.86 Million. According to company’s latest data on outstanding shares, there are 212.28 Million shares outstanding.

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Nearly 35.83% of Luokung Technology Corp.’s shares belong to company insiders and institutional investors own 9.98% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 69.29 Million shares as on December 30, 2020, resulting in a short ratio of 0.02. According to the data, the short interest in Luokung Technology Corp. (LKCO) stood at 0.03% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 549.96 Million. The stock has risen by +23.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LKCO stock heading into the next quarter.

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