Lottery.com (NASDAQ:LTRY) Stock Price Down 22.5% – Should You Sell?

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

Lottery.com Stock Performance

The company has a fifty day simple moving average of $0.45 and a two-hundred day simple moving average of $0.56. The company has a market capitalization of $13.19 million, a price-to-earnings ratio of -0.13 and a beta of 1.14.

Lottery.com (NASDAQ:LTRY) last posted its quarterly earnings results on Monday, December 16th. The company reported ($0.67) 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 company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $0.35, for a total transaction of $40,250.00. Following the completion of the transaction, the director now directly owns 906,487 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 19.90% of the stock is currently owned by corporate insiders.

About Lottery.com

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.