A Closer Look at Luokung Technology Corp (LKCO) Stock Gains

Luokung Technology Corp experienced a rather shaky stock market performance. The highest value in the past year was recorded at $5.55 on 02/14/23 and the lowest value was $0.41 on 01/17/24.

52-week price history of LKCO Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Luokung Technology Corp’s current trading price is -83.07% away from its 52-week high, while its distance from the 52-week low is 129.20%. The stock’s price range during the 52-week period has remained between $0.41 and $5.55. In the Technology sector, the company’s shares saw a trading volume of around 1.24 million for the day, which was evidently higher than the average daily volume of 8.35 over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Luokung Technology Corp (LKCO) has experienced a quarterly rise of 16.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.43M.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.6333, with a change in price of -0.0703. Similarly, Luokung Technology Corp recorded 123,406 in trading volume during the last 100 days, posting a change of -6.96%.

Examining LKCO’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for LKCO stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.00.

LKCO Stock Stochastic Average

As of today, Luokung Technology Corp’s raw stochastic average for the last 50 days stands at 89.78%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 89.78%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 89.20% and 83.68%, respectively.

LKCO Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The index has shown a price gain of 90.49% this year. Over the last six months, there has been a stronger performance of -20.32%. The price of LKCO fallen by 101.87% during the last 30 days period. For the last 5-days stocks have improved 119.56%.

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