Luokung Technology Corp. (NASDAQ:LKCO) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 12.34% to the previous day’s close as strong demand from buyers drove the stock to $1.73.
Actively observing the price movement in the last trading, the stock closed the session at $1.54, falling within a range of $1.51 and $1.83. The value of beta (5-year monthly) was 0.78. Referring to stock’s 52-week performance, its high was $3.86, and the low was $0.36. On the whole, LKCO has fluctuated by -31.89% over the past month.
With the market capitalization of Luokung Technology Corp. currently standing at about $549.88 million, investors are eagerly awaiting this quarter’s results, scheduled for May 14, 2021.
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 LKCO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LKCO currently trading nearly -18.98% and -2.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.56, while the 7-day volatility ratio is showing 13.36% which for the 30-day chart, stands at 10.71%. Furthermore, Luokung Technology Corp. (LKCO)’s average true range (ATR) is 0.25.
Data on historical trading for Luokung Technology Corp. (NASDAQ:LKCO) indicates that the trading volumes over the past 3 months, they’ve averaged 10.60 million. According to company’s latest data on outstanding shares, there are 317.85 million shares outstanding.
Nearly 24.00% of Luokung Technology Corp.’s shares belong to company insiders and institutional investors own 4.09% of the company’s shares. The stock has risen by 154.41% 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.