It's Down 25% But Luokung Technology Corp. (NASDAQ:LKCO) Could Be Riskier Than It Looks
It's Down 25% But Luokung Technology Corp. (NASDAQ:LKCO) Could Be Riskier Than It Looks
The Luokung Technology Corp. (NASDAQ:LKCO) share price has softened a substantial 25% over the previous 30 days, handing back much of the gains the stock has made lately. For any long-term shareholders, the last month ends a year to forget by locking in a 56% share price decline.
洛空科技公司（納斯達克股票代碼：LKCO）的股價在過去30天中大幅下跌了25％，收回了該股最近的大部分漲幅。對於任何長期股東來說，最後一個月的股價下跌幅度爲56％，從而結束了令人難忘的一年。
Since its price has dipped substantially, Luokung Technology's price-to-sales (or "P/S") ratio of 0.2x might make it look like a buy right now compared to the Interactive Media and Services industry in the United States, where around half of the companies have P/S ratios above 1.5x and even P/S above 4x are quite common. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
由於價格大幅下跌，與美國的互動媒體和服務行業相比，洛空科技0.2倍的市銷率（或 “市盈率”）可能使其目前看起來像買入，後者約有一半的公司的市銷率高於1.5倍，甚至市盈率高於4倍也很常見。但是，僅按面值計算市銷率是不明智的，因爲可以解釋其有限的原因。
NasdaqCM:LKCO Price to Sales Ratio vs Industry April 24th 2024
納斯達克股票代碼：LKCO 與行業的股價銷售比率 2024 年 4 月 24 日
How Luokung Technology Has Been Performing
洛工科技的表現如何
As an illustration, revenue has deteriorated at Luokung Technology over the last year, which is not ideal at all. Perhaps the market believes the recent revenue performance isn't good enough to keep up the industry, causing the P/S ratio to suffer. However, if this doesn't eventuate then existing shareholders may be feeling optimistic about the future direction of the share price.
舉例來說，洛空科技的收入在過去一年中有所下降，這根本不理想。也許市場認爲最近的收入表現不足以維持該行業的步伐，從而導致市銷率受到影響。但是，如果最終沒有發生這種情況，那麼現有股東可能會對股價的未來走向感到樂觀。
We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on Luokung Technology's earnings, revenue and cash flow.
我們沒有分析師的預測，但您可以查看我們關於Luokung Technology收益、收入和現金流的免費報告，了解最近的趨勢如何爲公司未來做好準備。
How Is Luokung Technology's Revenue Growth Trending?
洛空科技的收入增長趨勢如何？
Luokung Technology's P/S ratio would be typical for a company that's only expected to deliver limited growth, and importantly, perform worse than the industry.
Luokung Technology的市銷率對於一家預計增長有限，而且重要的是表現不如行業的公司來說是典型的。
Retrospectively, the last year delivered a frustrating 78% decrease to the company's top line. Even so, admirably revenue has lifted 82% in aggregate from three years ago, notwithstanding the last 12 months. So we can start by confirming that the company has generally done a very good job of growing revenue over that time, even though it had some hiccups along the way.
回顧過去，去年的公司收入下降了78％，令人沮喪。即便如此，儘管過去12個月，但總收入仍比三年前增長了82％，令人欽佩。因此，我們可以首先確認該公司在此期間在增加收入方面總體上做得非常出色，儘管在此過程中遇到了一些小問題。
When compared to the industry's one-year growth forecast of 14%, the most recent medium-term revenue trajectory is noticeably more alluring
與該行業預測的14％一年增長相比，最新的中期收入軌跡明顯更具吸引力
With this information, we find it odd that Luokung Technology is trading at a P/S lower than the industry. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices.
有了這些信息，我們感到奇怪的是，洛空科技的市銷售率低於該行業。顯然，一些股東認爲最近的表現已經超過了極限，並且一直在接受大幅降低的銷售價格。
What We Can Learn From Luokung Technology's P/S?
我們可以從洛光科技的市銷率中學到什麼？
The southerly movements of Luokung Technology's shares means its P/S is now sitting at a pretty low level. Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
Luokung Technology股票的向南走勢意味着其市銷率目前處於相當低的水平。通常，在做出投資決策時，我們謹慎行事，不要過多地考慮市售比率，儘管這可以揭示其他市場參與者對公司的看法。
We're very surprised to see Luokung Technology currently trading on a much lower than expected P/S since its recent three-year growth is higher than the wider industry forecast. When we see robust revenue growth that outpaces the industry, we presume that there are notable underlying risks to the company's future performance, which is exerting downward pressure on the P/S ratio. At least price risks look to be very low if recent medium-term revenue trends continue, but investors seem to think future revenue could see a lot of volatility.
我們非常驚訝地看到，洛空科技目前的市銷率遠低於預期，因爲其最近三年的增長高於整個行業的預期。當我們看到強勁的收入增長超過行業時，我們認爲公司的未來業績存在明顯的潛在風險，這給市銷率帶來了下行壓力。如果最近的中期收入趨勢持續下去，至少價格風險看起來很低，但投資者似乎認爲未來的收入可能會出現很大的波動。
Plus, you should also learn about these 4 warning signs we've spotted with Luokung Technology (including 3 which don't sit too well with us).
另外，你還應該了解我們在Luokung Technology中發現的這4個警告信號（包括3個對我們來說不太合適）。
If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios.
如果過去盈利增長穩健的公司處於困境，那麼你可能希望看到這些盈利增長強勁、市盈率低的其他公司的免費集合。
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