The stock of Lichen China Ltd (LICN) has seen a -25.04% decrease in the past week, with a -10.17% drop in the past month, and a -5.94% decrease in the past quarter. The volatility ratio for the week is 21.10%, and the volatility levels for the past 30 days are at 24.68% for LICN. The simple moving average for the last 20 days is -8.57% for LICN’s stock, with a simple moving average of -21.64% for the last 200 days.
Is It Worth Investing in Lichen China Ltd (NASDAQ: LICN) Right Now?
Company’s 36-month beta value is -2.80.
The public float for LICN is 13.08M, and currently, short sellers hold a 0.49% ratio of that floaft. The average trading volume of LICN on May 08, 2024 was 1.00M shares.
LICN) stock’s latest price update
Lichen China Ltd (NASDAQ: LICN)’s stock price has gone decline by -10.18 in comparison to its previous close of 1.11, however, the company has experienced a -25.04% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2023-07-05 that Normally, IPO activity gains momentum in the second quarter and peaks in June. This year was no exception.
LICN Trading at -10.02% from the 50-Day Moving Average
After a stumble in the market that brought LICN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.89% of loss for the given period.
Volatility was left at 24.68%, however, over the last 30 days, the volatility rate increased by 21.10%, as shares sank -6.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.97% lower at present.
During the last 5 trading sessions, LICN fell by -24.81%, which changed the moving average for the period of 200-days by -15.97% in comparison to the 20-day moving average, which settled at $1.0870. In addition, Lichen China Ltd saw -49.65% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LICN
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.61 for the gross margin
The net margin for Lichen China Ltd stands at 0.21. The total capital return value is set at 0.2.
Based on Lichen China Ltd (LICN), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 4.32.
Currently, EBITDA for the company is 15.25 million with net debt to EBITDA at -1.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.03. The receivables turnover for the company is 8.91for trailing twelve months and the total asset turnover is 0.61.
Conclusion
In a nutshell, Lichen China Ltd (LICN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
