Lichen China Ltd (NASDAQ:LICN) shares, rose in value on Thursday, November 21, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.98.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.98, falling within a range of $1.9 and $2.0. Referring to stock’s 52-week performance, its high was $2.44, and the low was $0.50. On the whole, LICN has fluctuated by 10.61% over the past month.
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With the market capitalization of Lichen China Ltd currently standing at about $74.75 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of LICN currently trading nearly -0.32% and 4.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.93, while the 7-day volatility ratio is showing 7.72% which for the 30-day chart, stands at 9.36%. Furthermore, Lichen China Ltd (LICN)’s beta value is -2.67, and its average true range (ATR) is 0.16.
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 0.00% in today’s session so far, and over the past year, it grew by 40.43%%.
Data on historical trading for Lichen China Ltd (NASDAQ:LICN) indicates that the trading volumes over the past 10 days have averaged 1.15 and over the past 3 months, they’ve averaged 422.09K. According to company’s latest data on outstanding shares, there are 37.75 million shares outstanding.
Nearly 36.88% of Lichen China Ltd’s shares belong to company insiders and institutional investors own 0.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 91019.0 shares as on 2024-10-31, resulting in a short ratio of 0.19. According to the data, the short interest in Lichen China Ltd (LICN) stood at 32.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 98365.0. This could raise investors’ confidence to be optimistic about the LICN stock heading into the next quarter.
