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Lottery.com Inc (LTRY) – Don’t Be So Quick to Call it Dead

Lottery.com Inc (NASDAQ: LTRY) is -85.42% lower on its value in year-to-date trading and has touched a low of $0.22 and a high of $3.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LTRY stock was last observed hovering at around $0.46 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $0.40, the stock is 19.25% and 9.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing -14.07% at the moment leaves the stock -64.32% off its SMA200. LTRY registered -85.89% loss for a year compared to 6-month loss of -60.50%. The firm has a 50-day simple moving average (SMA 50) of $0.36838 and a 200-day simple moving average (SMA200) of $1.130475.

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The stock witnessed a 15.13% gain in the last 1 month and extending the period to 3 months gives it a -31.10%, and is 40.32% 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 45.37% over the week and 18.86% over the month.

Lottery.com Inc (LTRY) has around 9 employees, a market worth around $3.65M and $6.14M in sales. Profit margin for the company is -562.27%. Distance from 52-week low is 81.43% and -88.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-134.49%).

17.0 institutions hold shares in Lottery.com Inc (LTRY), with institutional investors hold 5.34% of the company’s shares. The shares outstanding are 10.12M, and float is at 5.09M with Short Float at 3.23%. Institutions hold 5.06% of the Float.

Lottery.com Inc (LTRY) Insider Activity

Lottery.com Inc disclosed in a document filed with the SEC on Sep 17 ’24 that POTTS GREGORY A (CHIEF OPERATING OFFICER) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Sep 17 ’24 and was made at $0.72 per share for $1440.0. Following the transaction, the insider now directly holds 0.28 million shares of the LTRY stock.

Still, SEC filings show that on Sep 20 ’24, POTTS GREGORY A (Director) Proposed Sale 16,500 shares at an average price of $0.68 for $11169.0. The insider now directly holds shares of Lottery.com Inc (LTRY).

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