Lottery.com (NASDAQ:LTRY) Shares Down 22.5% – What’s Next?

Lottery.com Inc. (NASDAQ:LTRY) was down 22.5% during trading on Monday . The company traded as low as $1.00 and last traded at $1.24. Approximately 10,497,143 shares changed hands during trading, a decline of 43% from the average daily volume of 18,560,084 shares. The stock had previously closed at $1.60.

Lottery.com Stock Performance

The company has a 50 day simple moving average of $0.45 and a two-hundred day simple moving average of $0.56. The company has a market cap of $13.19 million, a PE ratio of -0.13 and a beta of 1.14.

Lottery.com (NASDAQ:LTRY) last released its quarterly earnings results on Monday, December 16th. The company reported ($0.67) earnings per share (EPS) for the quarter. Lottery.com had a negative net margin of 594.64% and a negative return on equity of 88.86%.

Insider Buying and Selling at Lottery.com

In other news, Director Matthew Howard Mcgahan sold 115,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $0.35, for a total transaction of $40,250.00. Following the sale, the director now directly owns 906,487 shares of the company’s stock, valued at $317,270.45. This represents a 11.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.90% of the company’s stock.

Lottery.com Company Profile

Lottery.com Inc, a digital publisher, provides lottery data results, jackpots, results, and other data. The company delivers daily results of approximately 800 domestic and international lottery games from 40 countries, including the United States, Canada, and the United Kingdom to 400 digital publishers and media organizations.