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Luokung Technology Corp. (LKCO) Estimation And Forecast

Luokung Technology Corp. (NASDAQ:LKCO) has a beta value of 0.46 and has seen 1.25 million shares traded in the last trading session. The company, currently valued at $75.79M, closed the last trade at $0.18 per share which meant 2.97% during that session. The LKCO stock price is -411.11% off its 52-week high price of $0.92 and 22.22% above the 52-week low of $0.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.52 million shares traded. The 3-month trading volume is 1.89 million shares.

Luokung Technology Corp. (NASDAQ:LKCO) trade information

Sporting 2.97% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the LKCO stock price touched $0.18 or saw a rise of 7.5%. Year-to-date, Luokung Technology Corp. shares have moved 21.40%, while the 5-day performance has seen it change -1.24%. Over the past 30 days, the shares of Luokung Technology Corp. (NASDAQ:LKCO) have changed 5.33%. Short interest in the company has seen 6.45 million shares shorted with days to cover at 8.57.

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Luokung Technology Corp. (LKCO) estimates and forecasts

The company’s shares have lost -53.98% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.70% over the past 5 years.

LKCO Dividends

Luokung Technology Corp. is expected to release its next earnings report on December 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Luokung Technology Corp. (NASDAQ:LKCO)’s Major holders

Insiders own 10.09% of the company shares, while shares held by institutions stand at 1.45% with a share float percentage of 1.61%. Investors are also buoyed by the number of investors in a company, with Luokung Technology Corp. having a total of 18 institutions that hold shares in the company. The top two institutional holders are Sicart Associates LLC with over 3.98 million shares worth more than $1.59 million. As of Jun 29, 2022, Sicart Associates LLC held 0.99% of shares outstanding.

The other major institutional holder is State Street Corporation, with the holding of over 0.88 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $0.35 million and represent 0.22% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are SPDR Portfolio Emerging Markets ETF and SPDR (R) Idx Shares-SPDR (R) S&P (R) China ETF. As of Aug 30, 2022, the former fund manager holds about 0.09% shares in the company for having 0.34 million shares of worth $69481.0 while later fund manager owns 0.26 million shares of worth $48132.0 as of Sep 29, 2022, which makes it owner of about 0.06% of company’s outstanding stock.

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