Let’s start up with the current stock price of Luokung Technology Corp. (LKCO), which is $1.35 to be very precise. The Stock rose vividly during the last session to $1.40 after opening rate of $1.39 while the lowest price it went was recorded $1.33 before closing at $1.34.Recently in News on September 13, 2021, Luokung Announces eMapGo to Provide Community Information Management and Technical Services for Heilongjiang Mobile. Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. (“EMG”), a leading provider of navigation and electronic map services in China, has signed an agreement to be the technical service provider for the management of market and service information for China Mobile Group Heilongjiang Co., Ltd. (“Heilongjiang Mobile”), the Heilongjiang division for China Mobile, the leading telecommunications provider in mainland China. This agreement is in effect through December 31, 2022. You can read further details here
Luokung Technology Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.8600 on 02/16/21, with the lowest value was $0.5808 for the same time period, recorded on 01/19/21.
Luokung Technology Corp. (LKCO) full year performance was 235.42%
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 -64.96% during the 52-week period from high price, and 255.95% 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 $0.38 and $3.86.
The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 2084087 for the day, which was evidently lower, 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 97.06%, having the revenues showcasing -36.19% 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 431.94M, as it employees total of 180 workers.
Luokung Technology Corp. (LKCO) in the eye of market guru’s
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 1.6157, with a change in the price was noted +0.22. In a similar fashion, Luokung Technology Corp. posted a movement of +19.20% for the period of last 100 days, recording 8,196,069 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 0.05.
Luokung Technology Corp. (LKCO): Stocks Technical analysis and Trends
Raw Stochastic average of Luokung Technology Corp. in the period of last 50 days is set at 12.98%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 27.69%. In the last 20 days, the company’s Stochastic %K was 32.47% and its Stochastic %D was recorded 37.94%.
If we look into the earlier routines 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 97.06%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -8.22%, alongside a boost of 235.42% for the period of the last 12 months. The shares increased approximately by -7.59% in the 7-day charts and went down by 5.51% in the period of the last 30 days. Common stock shares were lifted by -36.19% during last recorded quarter.