Luokung Technology Corp. (NASDAQ:LKCO) does about 2.30M shares in volume on a normal day but saw 2116693 shares change hands in Monday trading. The company now has a market cap of 151.57M USD and an enterprise value of about $152.60M. Its current market price is $0.66, marking a decrease of -4.43% compared to the previous close of $0.69. The 52 week high reached by this stock is $10.50 whilst the lowest price level in 52 weeks is $0.34. The script in recent trading has seen the stock touch a high of $0.6756 and a low of $0.64.
Luokung Technology Corp. (LKCO) has a 20-day trading average at $0.7152 and the current price is -93.76% off the 52-week high compared with 92.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6524 and its 200-day simple moving average is $0.9446. If we look at the stock’s price movements over the week, volatility stands at 13.78%, which decreases to 12.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.38 to suggest the stock is neutral.
The current price level is -8.55%, 0.99%, and -31.14% away from its SMA20, SMA50, and SMA200 respectively, with the LKCO price moving below the 50-day SMA on August 03. Luokung Technology Corp. (LKCO) stock is up 6.49% over the week and 2.53% over the past month. Its price is -59.75% year-to-date and -93.45% over the past year.
Outstanding shares total 201.79M with insiders holding 37.58% of the shares and institutional holders owning 2.23% of the company’s common stock. The company has a return on investment of -35.60%. Price to book ratio is 2.43 and price to sales ratio is 8.06.
According to a U.S. Securities and Exchange Commission filing, Fidelity Comwlth Tr – Nasdaq Co has added its position in Luokung Technology Corp. (LKCO) to 62,131 shares, mirroring a recent increase by 0.29%. Fidelity Comwlth Tr – Nasdaq Co added 178.0 shares of Luokung Technology Corp. common stock bringing its total worth to about $41193.0 at the end of recent close, SEC documents show.