Lichen China Ltd (NASDAQ:LICN) shares, rose in value on Friday, May 17, with the stock price up by 4.17% to the previous day’s close as strong demand from buyers drove the stock to $1.75.
Actively observing the price movement in the last trading, the stock closed the session at $1.68. Referring to stock’s 52-week performance, its high was $2.64, and the low was $0.50. On the whole, LICN has fluctuated by 84.42% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LICN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LICN currently trading nearly 47.91% and 57.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.01, while the 7-day volatility ratio is showing 10.67% which for the 30-day chart, stands at 24.01%. Furthermore, Lichen China Ltd (LICN)’s beta value is -2.29, and its average true range (ATR) is 0.21.
A comparison of Lichen China Ltd (LICN) with its peers suggests the former has fared considerably weaker in the market. LICN showed an intraday change of 4.17% in last session, and over the past year, it shrunk by -27.39%%.
Data on historical trading for Lichen China Ltd (NASDAQ:LICN) indicates that the trading volumes over the past 3 months, they’ve averaged 792.82K. According to company’s latest data on outstanding shares, there are 17.50 million shares outstanding.
Nearly 51.56% of Lichen China Ltd’s shares belong to company insiders and institutional investors own 0.10% of the company’s shares. The stock has fallen by -11.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LICN stock heading into the next quarter.
