Lichen China Ltd (LICN) Reports -96.89% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Lichen China Ltd (NASDAQ:LICN) does about 16.71M shares in volume on a normal day but saw 17229949 shares change hands in the recent trading day. The company now has a market cap of 9.11M USD. Its current market price is $0.08, marking a decrease of -6.52% compared to the previous close of $0.08. The 52 week high reached by this stock is $2.44 whilst the lowest price level in 52 weeks is $0.06.

Lichen China Ltd (LICN) has a 20-day trading average at $0.1118 and the current price is -96.89% off the 52-week high compared with 25.60% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4171 and its 200-day simple moving average is $1.4239. If we look at the stock’s price movements over the week, volatility stands at 18.09%, which decreases to 15.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 24.54 to suggest the stock is oversold.

The current price level is -32.02%, -81.78%, and -94.66% away from its SMA20, SMA50, and SMA200 respectively, with the LICN price moving above the 50-day SMA on current market day. Lichen China Ltd (LICN) stock is up 2.70% over the week and -52.50% over the past month. Its price is -57.21% year-to-date and -92.83% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 37.75M with insiders holding 12.26% of the shares and institutional holders owning 0.14% of the company’s common stock. The beta has a value of -1.07. Price to book ratio is 0.04.