Positives for Luokung Technology Corp. (LKCO) as stock gains in recent trading

Luokung Technology Corp. (NASDAQ: LKCO) is 19.19% higher on its value in year-to-date trading and has touched a low of $0.34 and a high of $1.44 in the current 52-week trading range. The LKCO stock was last observed hovering at around $0.81 in the last trading session, with the day’s gains setting it 0.05%.


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Currently trading at $0.86, the stock is 29.63% and 54.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 5.98% at the moment leaves the stock 53.05% off its SMA200. LKCO registered -39.96% loss for a year compared to 6-month loss of 7.21%. The firm has a 50-day simple moving average (SMA 50) of $0.6258 and a 200-day simple moving average (SMA200) of $0.5628.

The stock witnessed a 42.19% gain in the last 1 month and extending the period to 3 months gives it a 62.42%, and is 19.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.70% over the week and 15.12% over the month.

Luokung Technology Corp. (LKCO) has around 182 employees, a market worth around $177.99M and $18.80M in sales. Distance from 52-week low is 152.65% and -40.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.60%).

Luokung Technology Corp. (LKCO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Luokung Technology Corp. (LKCO) is a “-“. 0 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Luokung Technology Corp. quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -162.00% this year.

Luokung Technology Corp. (LKCO) Top Institutional Holders

9 institutions hold shares in Luokung Technology Corp. (LKCO), with 76.06M shares held by insiders accounting for 35.83% while institutional investors hold 15.55% of the company’s shares. The shares outstanding are 219.61M, and float is at 139.42M with Short Float at 0.10%. Institutions hold 9.98% of the Float.

The top institutional shareholder in the company is Sicart Associates LLC with over 4.21 million shares valued at $2.07 million. The investor’s holdings represent 2.09% of the LKCO Shares outstanding. As of Sep 29, 2020, the second largest holder is Renaissance Technologies, LLC with 0.44 million shares valued at $0.22 million to account for 0.22% of the shares outstanding. The other top investors are HRT Financial LLC which holds 0.27 million shares representing 0.13% and valued at over $0.13 million, while Geode Capital Management, LLC holds 0.08% of the shares totaling 0.15 million with a market value of $76030.0.

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