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LKCO

Luokung Technology NasdaqCM:LKCO Stock Report

Last Price

US$0.25

Market Cap

US$105.4m

7D

2.5%

1Y

-80.5%

Updated

16 Aug, 2022

Data

Company Financials +
LKCO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

LKCO Stock Overview

Luokung Technology Corp., together with its subsidiaries, provides location-based services and mobile application products for long distance rail travelers in the People’s Republic of China.

Luokung Technology Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Luokung Technology
Historical stock prices
Current Share PriceUS$0.25
52 Week HighUS$1.80
52 Week LowUS$0.19
Beta0.43
1 Month Change-38.74%
3 Month Change-40.09%
1 Year Change-80.47%
3 Year Change-96.71%
5 Year Changen/a
Change since IPO-97.50%

Recent News & Updates

Jul 26

Luokung Technology stock sinks on $8M registered direct offering

Luokung Technology (NASDAQ:LKCO) stock sank 45% on Tuesday after the firm announced deals with institutional investors for an $8M registered direct offering at $0.30/share. LKCO will issue ~26.7M shares to the institutional investors. The firm will also issue warrants for the purchase of up to ~26.7M shares at an exercise price of $0.41/share. The warrants will have a term of 5 years from the date of issue. Net proceeds will be used for working capital and general corporate purposes. The offering is expected to close on or about Jul. 28. Earlier this month, LKCO received a 180-day extension to meet Nasdaq's minimum bid price requirement. LKCO shares have declined ~67% YTD.

Jul 07

Luokung Technology gets extension to meet Nasdaq's minimum bid price rule

Luokung Technology (NASDAQ:LKCO) said Thursday it received an additional 180-day extension to meet Nasdaq's minimum bid price requirement. LKCO now has till Jan. 2, 2023 to regain compliance. The firm was first notified by Nasdaq of its non-compliance with continued listing rules on Jan. 3 and was given till Jul. 5 to regain compliance.

Shareholder Returns

LKCOUS Interactive Media and ServicesUS Market
7D2.5%4.9%4.5%
1Y-80.5%-27.4%-8.9%

Return vs Industry: LKCO underperformed the US Interactive Media and Services industry which returned -28.3% over the past year.

Return vs Market: LKCO underperformed the US Market which returned -9.6% over the past year.

Price Volatility

Is LKCO's price volatile compared to industry and market?
LKCO volatility
LKCO Average Weekly Movement14.4%
Interactive Media and Services Industry Average Movement10.4%
Market Average Movement7.6%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: LKCO is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: LKCO's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2009738Xuesong Songhttps://www.luokung.com

Luokung Technology Corp., together with its subsidiaries, provides location-based services and mobile application products for long distance rail travelers in the People’s Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing. The company also provides software development kits and application-programming interfaces, which provide spatial-temporal big data analysis and customized map to software and mobile application developers; and spatial temporal indexing cloud service, a data-level virtualization technology.

Luokung Technology Corp. Fundamentals Summary

How do Luokung Technology's earnings and revenue compare to its market cap?
LKCO fundamental statistics
Market CapUS$105.43m
Earnings (TTM)-US$68.80m
Revenue (TTM)US$145.07m

0.7x

P/S Ratio

-1.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LKCO income statement (TTM)
RevenueUS$145.07m
Cost of RevenueUS$129.03m
Gross ProfitUS$16.04m
Other ExpensesUS$84.84m
Earnings-US$68.80m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.16
Gross Margin11.06%
Net Profit Margin-47.43%
Debt/Equity Ratio35.7%

How did LKCO perform over the long term?

See historical performance and comparison