Luokung Technology Corp. [LKCO] is 13.16% higher this YTD. Is it still time to buy?

Luokung Technology Corp. [NASDAQ: LKCO] plunged by -$0.23 during the normal trading session on Monday and reaching a high of $0.9038 during the day while it closed the day at $0.77. The company report on March 8, 2021 that Luokung Announces Filing of Motion for Temporary Restraining Order Seeking To Enjoin the U.S. Government from Enforcing Executive Order Restrictions.

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Luokung to Continue to Seek to Protect Shareholders.

Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading interactive location-based services and big data processing technology company based in China, announced that the Company has filed a Motion for Temporary Restraining order (“TRO”) with the U.S. Federal District Court for the District of Columbia (“Court”).

Luokung Technology Corp. stock has also loss -49.37% of its value over the past 7 days. However, LKCO stock has inclined by 25.53% in the 3 months of the year. Over the past six months meanwhile, it has gained 85.87% and gained 13.16% year-on date.

The market cap for LKCO stock reached $276.40 million, with 359.20 million shares outstanding and 299.04 million shares in the current float. Compared to the average trading volume of 15.27M shares, LKCO reached a trading volume of 24771035 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Luokung Technology Corp. [LKCO]:

The Average True Range (ATR) for Luokung Technology Corp. is set at 0.37, with the Price to Sales ratio for LKCO stock in the period of the last 12 months amounting to 14.70. The Price to Book ratio for the last quarter was 2.97, with the Price to Cash per share for the same quarter was set at 0.00.

LKCO stock trade performance evaluation

Luokung Technology Corp. [LKCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -49.37. With this latest performance, LKCO shares gained by 12.11% in over the last four-week period, additionally plugging by 85.87% over the last 6 months – not to mention a drop of -7.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LKCO stock in for the last two-week period is set at 38.71, with the RSI for the last a single of trading hit 30.81, and the three-weeks RSI is set at 42.90 for Luokung Technology Corp. [LKCO]. The present Moving Average for the last 50 days of trading for this stock 1.0632, while it was recorded at 1.0579 for the last single week of trading, and 0.6804 for the last 200 days.

Luokung Technology Corp. [LKCO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Luokung Technology Corp. [LKCO] shares currently have an operating margin of -167.32 and a Gross Margin at +18.15. Luokung Technology Corp.’s Net Margin is presently recorded at -167.81.

Return on Total Capital for LKCO is now -40.13, given the latest momentum, and Return on Invested Capital for the company is -41.74. Return on Equity for this stock declined to -53.64, with Return on Assets sitting at -29.32. When it comes to the capital structure of this company, Luokung Technology Corp. [LKCO] has a Total Debt to Total Equity ratio set at 64.24. Additionally, LKCO Total Debt to Total Capital is recorded at 39.11, with Total Debt to Total Assets ending up at 29.64. Long-Term Debt to Equity for the company is recorded at 61.34, with the Long-Term Debt to Total Capital now at 37.19.

Reflecting on the efficiency of the workforce at the company, Luokung Technology Corp. [LKCO] managed to generate an average of -$173,149 per employee. Receivables Turnover for the company is 0.57 with a Total Asset Turnover recorded at a value of 0.17.Luokung Technology Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.40.

Luokung Technology Corp. [LKCO]: Insider Ownership positions

There are presently around $3 million, or 3.90% of LKCO stock, in the hands of institutional investors. The top three institutional holders of LKCO stocks are: SICART ASSOCIATES LLC with ownership of 3,117,617, which is approximately -25.897% of the company’s market cap and around 46.50% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 301,200 shares of the stock with an approximate value of $0.23 million in LKCO stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.12 million in LKCO stock with ownership of nearly 3.881% of the company’s market capitalization.

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6 institutional holders increased their position in Luokung Technology Corp. [NASDAQ:LKCO] by around 228,265 shares. Additionally, 5 investors decreased positions by around 1,486,337 shares, while 0 investors held positions by with 2,121,718 shares. The mentioned changes placed institutional holdings at 3,836,320 shares, according to the latest SEC report filing. LKCO stock had 4 new institutional investments in for a total of 186,388 shares, while 2 institutional investors sold positions of 7,101 shares during the same period.

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