Luokung Technology Corp. (LKCO) distance from 20-day Simple moving Average is 22.03%: What to Expect?

Let’s start up with the current stock price of Luokung Technology Corp. (LKCO), which is $0.83 to be very precise. The Stock rose vividly during the last session to $0.92 after opening rate of $0.92 while the lowest price it went was recorded $0.81 before closing at $0.88.

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Recently in News on January 11, 2021, Luokung Announces EMG Awarded Exclusive 2020 Golden Globe Award for its “HD Map” Functionality. Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading interactive location-based services and big data processing technology company in China, today announced that the Company’s previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) was recently the sole recipient of the “2020 Golden Globe Award for HD Map” at the 4th Annual GGAI Conference held in Shanghai, China in December 2020. EMG, Continental, Bosch and other well-known automotive technology service providers won 2020 Intelligent Driving Golden Globe Awards. You can read further details here


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Luokung Technology Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $0.9200 on 01/12/21, with the lowest value was $0.6811 for the same time period, recorded on 01/06/21.

Luokung Technology Corp. (LKCO) full year performance was -37.59%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Luokung Technology Corp. shares are logging -42.36% during the 52-week period from high price, and 144.12% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.34 and $1.44.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 2093600 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Luokung Technology Corp. (LKCO) recorded performance in the market was 22.06%, having the revenues showcasing 56.90% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 182.28M, as it employees total of 182 workers.

Analysts verdict on Luokung Technology Corp. (LKCO)

During the last month, 0 analysts gave the Luokung Technology Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.5262, with a change in the price was noted +0.2999. In a similar fashion, Luokung Technology Corp. posted a movement of +56.57% for the period of last 100 days, recording 1,380,965 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for LKCO is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Luokung Technology Corp. (LKCO): Technical Analysis

Raw Stochastic average of Luokung Technology Corp. in the period of last 50 days is set at 68.70%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 61.46%. In the last 20 days, the company’s Stochastic %K was 63.47% and its Stochastic %D was recorded 61.52%.

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Let’s take a glance in the erstwhile performances of Luokung Technology Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 22.06%. Additionally, trading for the stock in the period of the last six months notably improved by 9.24%, alongside a downfall of -37.59% for the period of the last 12 months. The shares increased approximately by 16.90% in the 7-day charts and went down by 56.60% in the period of the last 30 days. Common stock shares were driven by 56.90% during last recorded quarter.

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