| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.25 |
| 52 Week High | US$1.80 |
| 52 Week Low | US$0.19 |
| Beta | 0.43 |
| 1 Month Change | -38.74% |
| 3 Month Change | -40.09% |
| 1 Year Change | -80.47% |
| 3 Year Change | -96.71% |
| 5 Year Change | n/a |
| Change since IPO | -97.50% |
Recent News & Updates
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.
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
| LKCO | US Interactive Media and Services | US Market | |
|---|---|---|---|
| 7D | 2.5% | 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
| LKCO volatility | |
|---|---|
| LKCO Average Weekly Movement | 14.4% |
| Interactive Media and Services Industry Average Movement | 10.4% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 738 | Xuesong Song | https://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
| LKCO fundamental statistics | |
|---|---|
| Market Cap | US$105.43m |
| Earnings (TTM) | -US$68.80m |
| Revenue (TTM) | US$145.07m |
0.7x
P/S Ratio-1.5x
P/E RatioIs LKCO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LKCO income statement (TTM) | |
|---|---|
| Revenue | US$145.07m |
| Cost of Revenue | US$129.03m |
| Gross Profit | US$16.04m |
| Other Expenses | US$84.84m |
| Earnings | -US$68.80m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.16 |
| Gross Margin | 11.06% |
| Net Profit Margin | -47.43% |
| Debt/Equity Ratio | 35.7% |
How did LKCO perform over the long term?
See historical performance and comparison