Do You Think It Is A Good Idea To Invest In Luokung Technology Corp. (LKCO)?

The stock of Luokung Technology Corp. (NASDAQ:LKCO) decreased by remained unchanged at $1.05, down -3.67 percent. The last five days have seen an average of 5,366,420 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.3700. The average number of shares traded over the last 20 days was 5,447,920, while the average volume over the last 50 days totaled 6,712,712.

LKCO stock dropped -16.00% since last month. On 10/15/21, the company’s shares reached a one-month low of $0.9900. The stock touched a high of $3.86 on 02/16/21, after rallying from a low of $0.39 in 52 weeks. The price of LKCO stock has risen by 54.41% or $0.3700 this year, reaching a new high 10 times. Still, the stock price is down -72.80% from the 52-week high.

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For the recent quarter, Luokung Technology Corp.’s current ratio was 0.20. As far as profitability goes, gross margin for the trailing twelve months is 4.30% percent. Based on annual data, it had gross profit of $0.78 million and revenue of $18.26 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LKCO’s return on assets (ROA) during the last 12 months has been -34.90%. There was a -70.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -72.50%. ROE has averaged 7.41 in the past year for the broader industry.

Earnings Surprise

Net income for the quarter came in at $21.04 million, while revenues fell by -23.95% to $0.0. At the end of Luokung Technology Corp.’s most recent quarter, its liabilities totaled 76.49 million, while its total debt was $40.9 million.

Technical Picture

Here’s a quick look at Luokung Technology Corp.’s (LKCO) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 39.71%, suggesting the stock is Neutral, with a 49.72% historical volatility rate.

The stochastic %K and %D were 40.77% and 35.52% respectively, while the average true range (ATR) was 0.0692. Based on the 14-day stochastic reading of 31.58%, the RSI (14) reading is 39.09%. On the 9-day MACD Oscillator, the stock is at 0.0167.

Analyst Ratings

Analysts have assigned Luokung Technology Corp. (LKCO) an – rating. LKCO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.


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