Lichen China Ltd (NASDAQ: LICN) Emerges As Guiding Light For Investors

Lichen China Ltd (NASDAQ:LICN) currently has a daily average trading volume of 12.48M but it saw 9926364 shares traded in last market. With a market cap of 13.94M USD, the company’s current market price of $0.16 came falling about -9.86 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 $0.14. In the recent trading on the day, stock has struck highest price mark of $0.1531 while lowest mark touched by it was $0.1747.

Taking a look at 20-day trading activity of Lichen China Ltd (LICN) gives us an average price of $0.1926, while its current price level is -93.44% below from 52-week high level whereas it is 10.34% 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 $1.2082 while that of 200 days or SMA-200 reads an average of $1.5168. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.72% during that period while stretching the period over a month that increases to 25.95%. 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 24.03 which implies that the stock is in oversold territory.

Over the week, LICN’s stock price is moving -9.91% down while it is -67.25% when we observe its performance for the past one month. Year-to-date it is -9.91% down and over the past year, the stock is showing a downside performance of -91.35%.

Currently, Lichen China Ltd’s total number of outstanding shares is 37.75M. Stock’s beta reads -0.90. Stock has a price to book (P/B) ratio of 0.09.