Why Has Lion Group Holding Ltd ADR’s (NASDAQ: LGHL) Share Price Dropped So Much?

Lion Group Holding Ltd ADR (NASDAQ:LGHL) price is hovering lower on current market day and dropping -2.17% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $0.20, with intraday deals fluctuating between $0.1901 and $0.209. The company’s 5Y monthly beta was ticking 1.525. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.55 and 52-week low of $0.17. The stock subtracted -3.73% on its value in the past month.

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Lion Group Holding Ltd ADR, which has a market valuation of $0.69 million, is expected to release its quarterly earnings report in December.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give LGHL a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that LGHL’s price is at present -3.60% off the SMA20 and -6.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.15, with weekly volatility standing at 10.44%. The indicator jumps to 15.98% when calculated based on the past 30 days. Lion Group Holding Ltd ADR (NASDAQ:LGHL)’s beta value is holding at 1.53, while the average true range (ATR) indicator is currently reading 0.03.

An analysis of the Lion Group Holding Ltd ADR (NASDAQ:LGHL) stock in terms of its daily trading volume indicates that the 3-month average is 2.76 million. However, this figure increases on the past 10-day timeline to an average of 2.63 million.

Current records show that the company has 3.59M in outstanding shares. The insiders’ percentage holdings are 24.02% of outstanding shares while the percentage share held by institutions stands at 1.15%. The stats also highlight that short interest as of 2024-10-31, stood at 0.36 million shares, which puts the short ratio at the time at 0.08. From this we can glean that short interest is 600.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 0.28 million. But the -85.67% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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