Lichen China Ltd [LICN] Stock trading around $0.08 per share: What’s Next?

Lichen China Ltd [NASDAQ: LICN] surged by $0.01 during the normal trading session on while it closed the day at $0.08.

Lichen China Ltd stock has also gained 13.04% of its value over the past 7 days. However, LICN stock has declined by -95.89% in the 3 months of the year. Over the past six months meanwhile, it has lost -96.06% and lost -56.08% year-on date.

The market cap for LICN stock reached $9.35 million, with 37.75 million shares outstanding and 26.94 million shares in the current float. Compared to the average trading volume of 22.01M shares, LICN reached a trading volume of 129144453 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Lichen China Ltd [LICN]:

The Average True Range (ATR) for Lichen China Ltd is set at 0.02 The Price to Book ratio for the last quarter was 0.04, with the Price to Cash per share for the same quarter was set at 0.29.

LICN stock trade performance evaluation

Lichen China Ltd [LICN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.04. With this latest performance, LICN shares dropped by -44.25% in over the last four-week period, additionally sinking by -96.06% over the last 6 months – not to mention a drop of -94.00% 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 29.28, with the RSI for the last a single of trading hit 39.47, and the three-weeks RSI is set at 27.88 for Lichen China Ltd [LICN]. The present Moving Average for the last 50 days of trading for this stock 0.1439, while it was recorded at 0.0700 for the last single week of trading, and 1.3743 for the last 200 days.

Lichen China Ltd [LICN]: An insightful look at the core fundamentals

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.

Lichen China Ltd [LICN]: Institutional Ownership