Dragon Victory International Limited (NASDAQ:LYL) shares, rose in value on Wednesday, June 06, with the stock price up by 11.11% to the previous day’s close as strong demand from buyers drove the stock to $1.60.
Actively observing the price movement in the last trading, the stock closed the session at $1.44, falling within a range of $1.43 and $1.65. Referring to stock’s 52-week performance, its high was $4.94, and the low was $0.89. On the whole, LYL has fluctuated by 26.98% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LYL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LYL currently trading nearly 23.74% and 17.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.40, while the 7-day volatility ratio is showing 8.33% which for the 30-day chart, stands at 9.19%. Furthermore, Dragon Victory International Limited (LYL)’s beta value is -0.03, and its average true range (ATR) is 0.12.
A comparison of Dragon Victory International Limited (LYL) with its peers suggests the former has fared considerably weaker in the market. LYL showed an intraday change of 11.11% in last session, and over the past year, it grew by 56.86%%. In comparison, MarketAxess Holdings Inc. (MKTX) has moved lower at -1.62% on the day and was down -13.26% over the past 12 months. On the other hand, the price of Oppenheimer Holdings Inc. (OPY) has fallen -2.00% on the day. The stock, however, is off 112.02% from where it was a year ago. Additionally, there is a loss of -0.13% for Morgan Stanley (MS) in last trading while the stock has seen an overall depriciation of 83.87%% over the past year. Additionally, there is a loss of -0.13% for Morgan Stanley (MS) in last trading while the stock has seen an overall depriciation of 83.87%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.18%. Meanwhile, the Dow Jones Industrial Slipped by -0.44%.
Data on historical trading for Dragon Victory International Limited (NASDAQ:LYL) indicates that the trading volumes over the past 10 days have averaged 0.42 million and over the past 3 months, they’ve averaged 1.86 million. According to company’s latest data on outstanding shares, there are 11.42 million shares outstanding.
Nearly 51.19% of Dragon Victory International Limited’s shares belong to company insiders and institutional investors own 1.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.23 million shares as on May 27, 2021, resulting in a short ratio of 0.45. According to the data, the short interest in Dragon Victory International Limited (LYL) stood at 1.50% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 0.45 million. The stock has fallen by -31.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LYL stock heading into the next quarter.