The trading price of Lichen China Ltd (NASDAQ:LICN) closed higher on Friday, November 15, and closing at $1.88, 4.44% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.7 and $1.9. In examining the 52-week price action we see that the stock hit a 52-week high of $2.44 and a 52-week low of $0.50. Over the past month, the stock has gained 6.21% in value.
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Lichen China Ltd, whose market valuation is $74.12 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest LICN has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that LICN’s price is currently -3.56% off the SMA20 and -0.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.29, and weekly volatility stands at 14.22%. When measured over the past 30 days, the indicator reaches 9.01%. Lichen China Ltd (NASDAQ:LICN)’s beta value is currently sitting at -2.75, while the Average True Range indicator is currently displaying 0.18.
To see how Lichen China Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: LICN stock’s performance was 4.44% in the latest trading, and 25.33% in the past year.
An evaluation of the daily trading volume of Lichen China Ltd (NASDAQ:LICN) indicates that the 3-month average is 373.82K. However, this figure has increased over the past 10 days to an average of 0.71.
Currently, records show that 37.75 million of the company’s shares remain outstanding. The insiders hold 36.88% of outstanding shares, whereas institutions hold 0.36%. The stats also highlight that short interest as of 2024-10-31, stood at 91019.0 shares, resulting in a short ratio of 0.19 at that time. From this, we can conclude that short interest is 32.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 98365.0. However, since the stock’s price has seen -5.05% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
