Luokung Technology (LKCO, Financial), experienced a significant stock movement, with its share price plummeting by 7.10%. The stock is currently priced at $1.57 per share, with a trading volume of 17,731 shares and a turnover rate of 0.73%. The stock's volatility stood at 7.69%.
Recent financial reports reveal Luokung Technology's revenue at $10.24 million, while posting a net loss of $181 million, translating to an earnings per share of -$81.55. The gross profit was reported as -$9.90 million, and the price-to-earnings ratio was at -0.00.
There are currently no institutional ratings suggesting a "buy", "hold", or "sell" for LKCO. Within the software services industry, in which Luokung Technology operates, the sector has overall risen by 2.09%. In related stocks, Earlyworks Co Ltd, Datchat, Inc., and Triller Group Inc. have seen notable increases. Companies like Datchat, Inc., Phunware, Inc., and Earlyworks Co Ltd show high activity with turnover rates of 1695.05%, 153.19%, and 144.62% respectively. High volatility stocks in this sector include Datchat, Inc., Earlyworks Co Ltd, and Digiasia Corp., with fluctuations of 75.42%, 54.12%, and 40.89% respectively.
Luokung Technology is a Chinese space-time big data services provider and location-based services (LBS) provider. The company develops city-level and industry-level digital twin systems and serves various sectors including smart transportation, natural resource asset management, LBS smart industry applications, smart mobility, smart logistics, new infrastructure, smart cities, and emergency rescue.
