Lichen China Ltd (NASDAQ: LICN) Recovers 6.86% From 52-Week Low, Is LICN Still A High-Risk, High-Reward Play?

Lichen China Ltd (NASDAQ:LICN) currently has a daily average trading volume of 7.15M but it saw 3371700 shares traded in last market. With a market cap of 7.84M USD, the company’s current market price of $0.16 came falling about -7.63 while comparing to the previous closing price of $0.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.44 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.16 while lowest mark touched by it was $0.169.

Taking a look at 20-day trading activity of Lichen China Ltd (LICN) gives us an average price of $1.1138, while its current price level is -93.30% below from 52-week high level whereas it is 6.86% 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 $1.5936 while that of 200 days or SMA-200 reads an average of $1.5729. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.34% during that period while stretching the period over a month that increases to 65.85%. 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 19.81 which implies that the stock is in oversold territory.

Over the week, LICN’s stock price is moving -16.54% down while it is -91.87% when we observe its performance for the past one month. Year-to-date it is -91.74% down and over the past year, the stock is showing a downside performance of -91.30%.

Currently, Lichen China Ltd’s total number of outstanding shares is 37.75M. Stock’s beta reads -0.85. Stock has a price to book (P/B) ratio of 0.09.