With 37.75M Outstanding Shares, Can Lichen China Ltd (NASDAQ: LICN) Deliver Big Short-Term Gains?

Lichen China Ltd (NASDAQ:LICN) currently has a daily average trading volume of 283.10K but it saw 1804436 shares traded in last market. With a market cap of 75.88M USD, the company’s current market price of $2.01 came rising about 0.56 while comparing to the previous closing price of $2.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.44 and as low as $0.50. In the recent trading on the day, stock has struck highest price mark of $1.96 while lowest mark touched by it was $2.18.

Taking a look at 20-day trading activity of Lichen China Ltd (LICN) gives us an average price of $1.8400, while its current price level is -17.62% below from 52-week high level whereas it is 302.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.8800 while that of 200 days or SMA-200 reads an average of $1.5500. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.17% during that period while stretching the period over a month that decreases to 8.36%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.95 which implies that the stock is in neutral territory.

Over the week, LICN’s stock price is moving 10.44% up while it is 6.35% when we observe its performance for the past one month. Year-to-date it is 1.52% up and over the past year, the stock is showing an upside performance of 47.79%.

Currently, Lichen China Ltd’s total number of outstanding shares is 37.75M. Stock’s beta reads -2.69. Stock has a price to book (P/B) ratio of 1.09.