Lottery.com (NASDAQ:LTRY) Shares Down 2.8% – What’s Next?

Lottery.com Inc. (NASDAQ:LTRY)’s share price dropped 2.8% during trading on Monday . The stock traded as low as $1.03 and last traded at $1.05. Approximately 479,353 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,575,740 shares. The stock had previously closed at $1.08.

Lottery.com Stock Performance

The firm has a market cap of $12.69 million, a price-to-earnings ratio of -0.11 and a beta of 0.63. The business’s 50 day moving average price is $0.98 and its 200 day moving average price is $0.64.

Insider Activity at Lottery.com

In other Lottery.com news, Director Matthew Howard Mcgahan sold 115,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $0.35, for a total value of $40,250.00. Following the completion of the transaction, the director now owns 906,487 shares in the company, valued at approximately $317,270.45. This represents a 11.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 160,000 shares of company stock worth $102,650. 26.28% of the stock is owned by company insiders.

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.