Take A Look At This Lottery.com Inc. (NASDAQ: LTRY) Analysis Before Investing

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Lottery.com Inc. (NASDAQ:LTRY) price closed lower on Tuesday, November 16, dropping -1.99% below its previous close.

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A look at the daily price movement shows that the last close reads $13.08, with intraday deals fluctuated between $12.25 and $14.44. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.50 and 52-week low of $10.58. The stock added 7.55% on its value in the past month.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LTRY a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned LTRY a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Lottery.com Inc. (LTRY) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that LTRY’s price is at present -6.55% off the SMA20 and 2.20% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.91, with weekly volatility standing at 8.81%. The indicator jumps to 10.90% when calculated based on the past 30 days. Lottery.com Inc. (NASDAQ:LTRY)’s beta value is holding at 0.25, while the average true range (ATR) indicator is currently reading 1.32. Considering analysts have assigned the stock a price target range of $17.00-$17.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $17.00. Based on this estimate, we see that current price is roughly -32.61% off the estimated low and -32.61% off the forecast high. Investors will no doubt be excited to see the share price fall to $17.00, which is the median consensus price, and at that level LTRY would be -32.61% from current price.

An analysis of the Lottery.com Inc. (NASDAQ:LTRY) stock in terms of its daily trading volume indicates that the 3-month average is 348.81K.

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Current records show that the company has 51.16M in outstanding shares. The insiders’ percentage holdings are 31.50% of outstanding shares while the percentage share held by institutions stands at 2.20%. But the 7.19% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.