Luokung Technology Corp [NASDAQ: LKCO] price surged by 8.77 percent to reach at $0.15.
The one-year LKCO stock forecast points to a potential upside of 99.57. The average equity rating for LKCO stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Luokung Technology Corp [LKCO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LKCO shares is $432.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LKCO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Luokung Technology Corp is set at 0.23, with the Price to Sales ratio for LKCO stock in the period of the last 12 months amounting to 0.37.
LKCO Stock Performance Analysis:
Luokung Technology Corp [LKCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.89. With this latest performance, LKCO shares gained by 14.81% in over the last four-week period, additionally sinking by -67.11% over the last 6 months – not to mention a drop of -55.71% 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 57.13, with the RSI for the last a single of trading hit 65.20, and the three-weeks RSI is set at 50.80 for Luokung Technology Corp [LKCO]. The present Moving Average for the last 50 days of trading for this stock 1.7838, while it was recorded at 1.6775 for the last single week of trading, and 4.0151 for the last 200 days.
Insight into Luokung Technology Corp Fundamentals:
Luokung Technology Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.07 and a Current Ratio set at 0.07.
