Lichen China Ltd (NASDAQ:LICN) traded at $2.16 at close of the session on current trade day and made an upward move of 5.88% on its previous day’s price.
Looking at the stock we see that its previous close was $2.04 with the day’s price range being $1.99 – $2.2. In terms of its 52-week price range, LICN has a high of $2.44 and a low of $0.50. The company’s stock has gained about 18.68% over that past 30 days.
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Lichen China Ltd has a market cap of $86.34 million and is expected to release its quarterly earnings report in December.
On the other hand, looking at the outlook for the LICN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is 7.71% off its SMA20 and 13.69% from its 50-day simple moving average. The RSI (14) is pointing at 59.73 while the volatility over the past week is 7.36% and jumps to 9.66% over the past one month. The beta value is -2.63, while the average true range (ATR) is currently pointing at 0.17.
Coming back to Lichen China Ltd (NASDAQ:LICN), we note that the average 3-month trading volume was 464.17K, while that of the preceding 10-day period stands at 1.73 million. Current shares outstanding are 37.75 million.
The insiders hold 36.88% of the company’s shares while institutions hold 0.32%. The data shows that short shares as of 2024-10-31, stood at 91019.0 at a short ratio of 0.19. This represents a 32.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 98365.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 9.09% up in year-to-date price movement.
