BlackRock Fund Advisors has recently announced that it has increased stake in Lottery.com Inc. (NASDAQ:LTRY) by 0.53%. After grabbing 0.5 million shares, the institutional investor is now in possession of 2652.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.99% having worth around $0.23 million. Moreover, Susquehanna Financial Group LLLP increased its share by 0.32 million to have a control over 0.5 million shares. And Bank Vontobel AG raised its holdings to 72024.0 shares by acquiring 72024.0 shares or 0.14% of the stake.
Lottery.com Inc. (LTRY) concluded trading on 05/25/23 at a closing price of $0.27, with 2.94 million shares of worth about $0.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.95% during that period and on Thursday the price saw a loss of about -33.23%. Currently the company’s common shares owned by public are about 50.76M shares, out of which, 24.81M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the LTRY stock and their offered price forecasts bring an average price target of $14.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $14.00 and could fall to a lowest price of $14.00. However, touching the estimated high of $14.00 would mean a gain of 98.07% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 165,604 shares in 4 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Lottery.com Inc. Vanguard Total Stock Market ETF is currently holding 0.82 million shares of worth totaling $0.37 million. The company recently came buying 0.0 shares which brought its stake up to 1.61% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.17 million shares, have now control over 0.34% of the stake in the company. It holds 0.0 shares of worth $79562.0.
Lottery.com Inc. (NASDAQ: LTRY) started trading at $0.326, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 0.4198, or with a loss of -33.23%. Stock saw a price change of -24.45% in past 5 days and over the past one month there was a price change of -46.08%. Year-to-date (YTD), LTRY shares are showing a performance of 54.39% which decreased to -78.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.15 but also hit the highest price of $1.90 during that period. The average intraday trading volume for Lottery.com Inc. shares is 481.92K. The stock is currently trading -40.18% below its 20-day simple moving average (SMA20), while that difference is down -34.10% for SMA50 and it goes to -26.28% lower than SMA200.
BlackRock Fund Advisors acquired 0.5 million shares of Lottery.com Inc. having value of about $0.23 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 2652.0 shares in the company valued at close to $716.04, or have control over 0.53% stake in the company. Lottery.com Inc. (NASDAQ: LTRY) currently have 50.76M outstanding shares and institutions hold larger chunk of about 7.30% of that. Holding of mutual funds in the company is about 3.33% while other institutional holders and individual stake holders have control over 4.39% and 23.75% of the stake respectively.
The stock has a current market capitalization of $13.83M. It has posted earnings per share of -$0.35 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LTRY, volatility over the week remained 25.99% while standing at 22.38% over the month.
Analysts are in expectations that Lottery.com Inc. (LTRY) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.
Analysts at 1 brokerage firms have issued recommendations for the Lottery.com Inc. (LTRY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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