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Dragon Victory International Limited (LYL): The long term indicators on the stock say Sell today

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Dragon Victory International Limited (LYL) saw an uptrend of 11.11% in the recent trading with $1.60 being its most recent. The current price level -67.61% lower than the highest price of $4.94 marked by the stock while trading over the past 52-weeks, whereas it is 79.78% higher than the lowest price of $0.89 the company dropped to over past 52-weeks. The latest news story on LYL appeared in Business Wire under the title “Dragon Victory International Limited Announce Regain Compliance with Nasdaq Minimum Bid Price Requirement” on Jun-28-20.

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Squeezing the time span to 30 day period shows us the stock is currently trading -3.03% below one month high and is +44.08% above of the lowest during that time. Looking into the simple moving average, Dragon Victory International Limited (LYL)’s stock stands at a SMA-50 of $1.3641 while that of 5-day is reading $1.4180.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and LYL’s SMA-200 as of now is $2.0469.

Dragon Victory International Limited Earnings – What Happened With LYL

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $48.5 million.

LYL – Dragon Victory International Limited Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 11.42 million. LYL does have institutional investors; and they hold 1.50% of the stock.

Dragon Victory International Limited – Insider Activity and Holdings

As on Mar 30, 2021, Renaissance Technologies, LLC was the top most holder in Dragon Victory International Limited (NASDAQ:LYL) with an ownership of 61500.0 shares of the company or 0.53% of the stake worth $0.1 million. The filing also reveals HRT Financial LLC as the second largest holder in the company with a control over 0.48% of the outstanding shares. Its stake is worth $91840.0 for having 56344.0 shares in hand.

Virtu Financial LLC also came holding a key position in the company during the recent quarter and it now holds 0.19% of the outstanding shares. With this there are now 6 institutions which have possession in LYL’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Dragon Victory International Limited was 3.76 while posting a debt to equity ratio of 0.00.

Technical Analysis of Dragon Victory International Limited (NASDAQ:LYL) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Dragon Victory International Limited (LYL), we notice that the stock’s 20-day average volume is at 379,035 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 1,796,528 shares. And to end, LYL’s 100-day average volume is 1,577,264 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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