Lottery.com Inc. (NASDAQ:LTRY) shares, rose in value on Thursday, 05/25/23, with the stock price down by -33.23% to the previous day’s close as strong demand from buyers drove the stock to $0.27.
Actively observing the price movement in the last trading, the stock closed the session at $0.41, falling within a range of $0.25 and $0.4198. Referring to stock’s 52-week performance, its high was $1.90, and the low was $0.15. On the whole, LTRY has fluctuated by -46.08% over the past month.
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With the market capitalization of Lottery.com Inc. currently standing at about $13.83 million, investors are eagerly awaiting this quarter’s results, scheduled for May 16, 2022.
Analysts have estimated the company’s revenue for the quarter at $44.28 million, with a low estimate of $44.28 million and a high estimate of $44.28 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $163.24 million, representing an increase of 138.20% from the revenues reported in the last year’s results.
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 LTRY’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 Hold while long term indicators on average have been pointing out that it is a 50% Sell.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 1 recommend it as a Buy and 0 called the LTRY stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LTRY currently trading nearly -40.18% and -34.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.57, while the 7-day volatility ratio is showing 25.99% which for the 30-day chart, stands at 22.38%. Furthermore, Lottery.com Inc. (LTRY)’s average true range (ATR) is 0.09. The company’s stock has been forecasted to trade at an average price of $14.00 over the course of the next 52 weeks, with a low of $14.00 and a high of $14.00. Based on these price targets, the low is -5085.19% off current price, whereas the price has to move -5085.19% to reach the yearly target high. Additionally, analysts’ median price of $14.00 is likely to be welcomed by investors because it represents a decrease of -5085.19% from the current levels.
Data on historical trading for Lottery.com Inc. (NASDAQ:LTRY) indicates that the trading volumes over the past 3 months, they’ve averaged 481.92K. According to company’s latest data on outstanding shares, there are 50.76 million shares outstanding.
Nearly 55.66% of Lottery.com Inc.’s shares belong to company insiders and institutional investors own 7.30% of the company’s shares. The stock has risen by 54.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LTRY stock heading into the next quarter.