Lion Group Holding Ltd. [LGHL] Revenue clocked in at $16.90 million, up 77.20% YTD: What’s Next?

Lion Group Holding Ltd. [NASDAQ: LGHL] stock went on an upward path that rose over 2.40% on Wednesday, amounting to a one-week price decrease of less than -7.82%. The company report on March 1, 2021 that Lion Announces Sponsorship of a SPAC Company, Cooperating with Two Other Parties.

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Lion Group Holding Ltd. (“Lion” or “the Company”) (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services with a focus on Chinese investors, announced that one of its subsidiaries, Lion Wealth Management Limited, will cooperate with Constant Epoch Technology Development Limited (“Constant Epoch), an investment and R&D company focusing on innovative technology sector, and Ruoxi Ltd. (“Ruoxi”), a company holding various investments in internet, technology, finance, healthcare and other industries, to form a SPAC company — Skyline I Acquisition Corp.

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Constant Epoch is an investment and R&D company, founded by senior technology innovation professionals and investment bankers who are focused on innovative, growth-oriented technology enterprises in the United States and Asia. Ruoxi is an investment holding company and was founded by the former co-founder of Meituan, Mr. Jun Yang. Mr. Jun Yang has participated in the founding of many well-known Internet companies such as Renren and Fanfou.

Over the last 12 months, LGHL stock dropped by -65.97%.

The market cap for the stock reached $74.66 million, with 17.40 million shares outstanding and 9.64 million shares in the current float. Compared to the average trading volume of 2.45M shares, LGHL stock reached a trading volume of 5991823 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Lion Group Holding Ltd. [LGHL]:

The Average True Range (ATR) for Lion Group Holding Ltd. is set at 0.70, with the Price to Sales ratio for LGHL stock in the period of the last 12 months amounting to 4.42. The Price to Book ratio for the last quarter was 6.22, with the Price to Cash per share for the same quarter was set at 0.37.

LGHL Stock Performance Analysis:

Lion Group Holding Ltd. [LGHL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.82. With this latest performance, LGHL shares gained by 11.40% in over the last four-week period, additionally plugging by 26.20% over the last 6 months – not to mention a drop of -65.97% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LGHL stock in for the last two-week period is set at 47.02, with the RSI for the last a single of trading hit 44.06, and the three-weeks RSI is set at 48.92 for Lion Group Holding Ltd. [LGHL]. The present Moving Average for the last 50 days of trading for this stock 3.28, while it was recorded at 3.40 for the last single week of trading.

Insight into Lion Group Holding Ltd. Fundamentals:

Lion Group Holding Ltd. [LGHL] Insider Position Details

There are presently around $3 million, or 5.80% of LGHL stock, in the hands of institutional investors. The top three institutional holders of LGHL stocks are: OXFORD ASSET MANAGEMENT LLP with ownership of 337,270, which is approximately 237.27% of the company’s market cap and around 15.83% of the total institutional ownership; BOOTHBAY FUND MANAGEMENT, LLC, holding 273,658 shares of the stock with an approximate value of $0.94 million in LGHL stocks shares; and GOLDMAN SACHS GROUP INC, currently with $0.27 million in LGHL stock with ownership of nearly 0% of the company’s market capitalization.

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5 institutional holders increased their position in Lion Group Holding Ltd. [NASDAQ:LGHL] by around 550,080 shares. Additionally, 3 investors decreased positions by around 33,736 shares, while 3 investors held positions by with 243,267 shares. The mentioned changes placed institutional holdings at 827,083 shares, according to the latest SEC report filing. LGHL stock had 3 new institutional investments in for a total of 308,482 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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