Lichen China Ltd (LICN) At $0.18 Offering A Unique Opportunity

Lichen China Ltd (NASDAQ:LICN) currently has a daily average trading volume of 11.02M but it saw 23985627 shares traded in last market. With a market cap of 10.79M USD, the company’s current market price of $0.18 came falling about -5.63 while comparing to the previous closing price of $0.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.44 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.173 while lowest mark touched by it was $0.189.

Taking a look at 20-day trading activity of Lichen China Ltd (LICN) gives us an average price of $0.5054, while its current price level is -92.72% below from 52-week high level whereas it is 22.48% 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 $1.3698 while that of 200 days or SMA-200 reads an average of $1.5401. A closer look into the stock’s movement over the week reveals that its volatility is standing at 33.18% during that period while stretching the period over a month that increases to 72.45%. 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 23.97 which implies that the stock is in oversold territory.

Over the week, LICN’s stock price is moving 5.09% up while it is -90.50% when we observe its performance for the past one month. Year-to-date it is -91.03% down and over the past year, the stock is showing a downside performance of -91.03%.

Currently, Lichen China Ltd’s total number of outstanding shares is 37.75M. Stock’s beta reads -1.08. Stock has a price to book (P/B) ratio of 0.10.