Luokung Technology Corp. [LKCO] fell -5.40% so far this year. What now?



Luokung Technology Corp. [NASDAQ: LKCO] plunged by -$0.08 during the normal trading session on while it closed the day at $0.64. The company report on December 2, 2021 that Luokung Announces Interim Results for the Three and Nine Months Ended September 30, 2021, Reports Record Revenue of $74.9 Million for the Nine-Month Period.

Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced interim revenue results for the three and nine months ended September 30, 2021. The numbers presented herein have not been reviewed by the Company’s auditors.

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Luokung achieved record total revenue for the nine months ended September 30, 2021, of approximately $74.9 million, compared to $13.1 million in the prior-year period. Revenue for the three months ended September 30, 2021 was $37.0 million, compared to $5.8 million in the prior-year period.

Luokung Technology Corp. stock has also loss -3.70% of its value over the past 7 days. However, LKCO stock has declined by -47.27% in the 3 months of the year. Over the past six months meanwhile, it has lost -74.97% and lost -5.40% year-on date.

The market cap for LKCO stock reached $213.43 million, with 307.15 million shares outstanding and 302.26 million shares in the current float. Compared to the average trading volume of 4.47M shares, LKCO reached a trading volume of 3843436 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 0.07, with the Price to Sales ratio for LKCO stock in the period of the last 12 months amounting to 4.37. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 0.04.

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 -3.70. With this latest performance, LKCO shares dropped by -30.39% in over the last four-week period, additionally sinking by -74.97% over the last 6 months – not to mention a drop of -6.21% 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 30.37, with the RSI for the last a single of trading hit 28.13, and the three-weeks RSI is set at 32.10 for Luokung Technology Corp. [LKCO]. The present Moving Average for the last 50 days of trading for this stock 0.9334, while it was recorded at 0.6995 for the last single week of trading, and 1.3514 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 -200.57 and a Gross Margin at +3.53. Luokung Technology Corp.’s Net Margin is presently recorded at -218.28.

Return on Total Capital for LKCO is now -39.56, given the latest momentum, and Return on Invested Capital for the company is -55.78. Return on Equity for this stock declined to -74.49, with Return on Assets sitting at -32.27. When it comes to the capital structure of this company, Luokung Technology Corp. [LKCO] has a Total Debt to Total Equity ratio set at 82.78. Additionally, LKCO Total Debt to Total Capital is recorded at 45.29, with Total Debt to Total Assets ending up at 33.72. Long-Term Debt to Equity for the company is recorded at 5.09, with the Long-Term Debt to Total Capital now at 2.77.

Reflecting on the efficiency of the workforce at the company, Luokung Technology Corp. [LKCO] managed to generate an average of -$221,476 per employee. Receivables Turnover for the company is 0.82 with a Total Asset Turnover recorded at a value of 0.15.Luokung Technology Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

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Luokung Technology Corp. [LKCO]: Insider Ownership positions

There are presently around $4 million, or 4.40% of LKCO stock, in the hands of institutional investors. The top three institutional holders of LKCO stocks are: SICART ASSOCIATES LLC with ownership of 3,545,941, which is approximately -2.743% of the company’s market cap and around 46.50% of the total institutional ownership; STATE STREET CORP, holding 889,823 shares of the stock with an approximate value of $0.64 million in LKCO stocks shares; and HUDSON BAY CAPITAL MANAGEMENT LP, currently with $0.57 million in LKCO stock with ownership of nearly New of the company’s market capitalization.

11 institutional holders increased their position in Luokung Technology Corp. [NASDAQ:LKCO] by around 2,457,326 shares. Additionally, 10 investors decreased positions by around 493,828 shares, while 5 investors held positions by with 3,238,106 shares. The mentioned changes placed institutional holdings at 6,189,260 shares, according to the latest SEC report filing. LKCO stock had 8 new institutional investments in for a total of 2,442,259 shares, while 5 institutional investors sold positions of 346,962 shares during the same period.