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Right Now May Be the Best Buy-In Window for Luokung Technology Corp. (LKCO)

Let’s start up with the current stock price of Luokung Technology Corp. (LKCO), which is $0.17 to be very precise. The Stock rose vividly during the last session to $0.173 after opening rate of $0.167 while the lowest price it went was recorded $0.165 before closing at $0.17.Recently in News on September 29, 2022, Luokung Affiliate eMapgo has been Certified as Service Provider of the First Intelligent Transportation Pilot Applications Projects by Ministry of Transport of China. 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”) in China, today announced that the Company’s operating affiliate, eMapgo Technologies (Beijing) Co., Ltd. (“EMG”), a leading provider of navigation and electronic map services in China, has been approved by the Ministry of Transportation of China as the first intelligent transportation pilot applications projects (automatic driving and intelligent shipping direction) service provider to form the technical guidelines and industry standard based on pilot applications of V2X autonomous trucking on open highways. With this accomplishment, the Company plans to begin commercial implementation in the near future. You can read further details here

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 02/11/22, with the lowest value was $0.1421 for the same time period, recorded on 11/09/22.

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Luokung Technology Corp. (LKCO) full year performance was -81.52%

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 -82.46% during the 52-week period from high price, and 19.63% 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 $0.14 and $0.97.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 403620 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 -71.91%, having the revenues showcasing -23.94% 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 71.99M, as it employees total of 180 workers.

The Analysts eye 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 0.2270, with a change in the price was noted -0.26. In a similar fashion, Luokung Technology Corp. posted a movement of -60.37% for the period of last 100 days, recording 1,811,190 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.

Technical rundown of Luokung Technology Corp. (LKCO)

Raw Stochastic average of Luokung Technology Corp. in the period of last 50 days is set at 28.62%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 28.62%. In the last 20 days, the company’s Stochastic %K was 29.74% and its Stochastic %D was recorded 33.94%.

Considering, the past performance of Luokung Technology Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -71.91%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -56.13%, alongside a downfall of -81.52% for the period of the last 12 months. The shares increased approximately by -13.71% in the 7-day charts and went down by 0.00% in the period of the last 30 days. Common stock shares were lifted by -23.94% during last recorded quarter.

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