Lottery.com Inc. (NASDAQ:LTRY) finished Thursday with an addition of $0.53 to close at $5.78, an upside of 10.02 percent. An average of 399,344 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 306,670 shares traded, while the 50-day average volume stands at 150,237.
LTRY stock has increased by 39.25% in the last month. The company shares reached their 1-month lowest point of $3.62 on 07/27/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $1.63 and a high of $16.60 in 52 weeks. It has reached a new high 15 times so far this year and achieved 63.63% or $2.34 in price. In spite of this, the price is down -65.20% from the 52-week high.
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Insider Transactions
LTRY stock investors should be aware that Lottery.com Inc. (LTRY) stock had its last reported insider trading activity 80 days ago on May 23. In this transaction, the insider spent $850,000. 10% Owner, Woodford Eurasia Assets Ltd., disposed of 2,500,000 shares at a price of $0.34 on May 22. The insider now owns more than $850,000 worth of shares. Prior to that, 10% Owner ALD Holdings Group, LLC went on to Sale 2,300,000 shares at $0.45 each on May 09. An amount of $1,035,000 was transacted.
Valuation Metrics
Lottery.com Inc. (LTRY) stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.85, the price-to-book (PB) ratio at 5.16.
Financial Health
The quick ratio of Lottery.com Inc. for the three months ended March 30 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.09 for the quarter ending March 30. Lottery.com Inc.’s EBITDA margin for the year ending March 30 is -734.31%. Its gross profit as reported stood at $2.47 million compared to revenue of $6.78 million.
Earnings Surprise
For the three-month period that ended March 30, Lottery.com Inc. had $30.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$22.95 million in the quarter, while revenues were shrunk -138.91%. The analyst consensus anticipated Lottery.com Inc.’s latest quarter earnings to come in at -$3.8 per share, but it turned out to be -$6.6, a -73.70% surprise. For the quarter, EBITDA amounted to -$1.75 million. Shareholders own equity worth $50.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Lottery.com Inc. (LTRY) price momentum. RSI 9-day as of the close on 10 August was 57.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 379.29%.
As of today, LTRY’s price is $5.64 +2.89% or $0.16 from its 5-day moving average. LTRY is currently trading +40.51% higher than its 20-day SMA and -22.83% lower than its 100-day SMA. However, the stock’s current price level is +136.49% above the SMA50 and -11.11% below the SMA200.
The stochastic %K and %D were 20.78% and 20.78%, respectively, and the average true range (ATR) was 1.46. With the 14-day stochastic at 23.92% and the average true range at 1.29, the RSI (14) stands at 56.77%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at 0.32.
Analyst Ratings
The consensus rating for Lottery.com Inc. (LTRY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LTRY, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is LTRY’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $14.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for Lottery.com Inc. (LTRY) stock is $14.00.
