The trading price of Luokung Technology Corp. (NASDAQ:LKCO) floating lower at last check on Tuesday, Feb 23, closing at $2.15, -11.16% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.4200 and $2.0400. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $3.86 and a 52-week low of $0.34. Over the past month, the stock has gained 235.41% in value.
On the technical side, indicators suggest LKCO has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
To see how Luokung Technology Corp. stock has been performing today in comparison to its peers in the industry, here are the numbers: LKCO stock’s performance was -11.16% at last check in today’s session, and +112.87% in the past year, while Spotify Technology S.A. (SPOT) has been trading -5.67% in recent session and positioned +138.12% higher than it was a year ago. Another comparable company Docusign Inc (DOCU) saw its stock trading -2.02% lower in today’s session but was up +174.44% in a year. Furthermore, Aptiv Plc (APTV) showed a decline of -11.16% today while its price kept rising at 112.87% over the past year. Luokung Technology Corp. has a P/E ratio of 0, compared to Spotify Technology S.A.’s 0 and Docusign Inc’s 0. Also during today’s trading, the S&P 500 Index has soared -0.49%, while the Dow Jones Industrial also saw a negative seesion, down -0.27% today.
An evaluation of the daily trading volume of Luokung Technology Corp. (NASDAQ:LKCO) indicates that the 3-month average is 12.16 Million. However, this figure has increased over the past 10 days to an average of 72.59 Million.
Currently, records show that 269.77 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 35.83% of outstanding shares, whereas institutions hold 9.98%. The stats also highlight that short interest as of January 28, 2021, stood at 46.97 Million shares, resulting in a short ratio of 0.01 at that time. From this, we can conclude that short interest is 0.02% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 69.29 Million. However, since the stock’s price has seen +216.18% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.