Lichen China Ltd [LICN] Stock trading around $0.21 per share: What’s Next?

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Lichen China Ltd [NASDAQ: LICN] gained 24.32% on the last trading session, reaching $0.21 price per share at the time.

If compared to the average trading volume of 7.35M shares, LICN reached a trading volume of 45457388 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Lichen China Ltd [LICN]:

The Average True Range (ATR) for Lichen China Ltd is set at 0.15 The Price to Book ratio for the last quarter was 0.11, with the Price to Cash per share for the same quarter was set at 0.57.

Trading performance analysis for LICN stock

Lichen China Ltd [LICN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 57.51. With this latest performance, LICN shares dropped by -87.09% in over the last four-week period, additionally sinking by -80.37% over the last 6 months – not to mention a drop of -84.25% 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 LICN stock in for the last two-week period is set at 26.44, with the RSI for the last a single of trading hit 20.30, and the three-weeks RSI is set at 25.60 for Lichen China Ltd [LICN]. The present Moving Average for the last 50 days of trading for this stock 1.4964, while it was recorded at 0.1779 for the last single week of trading, and 1.5587 for the last 200 days.

Lichen China Ltd [LICN]: A deeper dive into fundamental analysis

Lichen China Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 17.51 and a Current Ratio set at 17.55.

An analysis of Institutional ownership at Lichen China Ltd [LICN]