The stock of Lichen China Ltd (LICN) has gone up by 2.19% for the week, with a -13.43% drop in the past month and a 47.24% rise in the past quarter. The volatility ratio for the week is 5.86%, and the volatility levels for the past 30 days are 10.62% for LICN. The simple moving average for the past 20 days is -5.03% for LICN’s stock, with a 21.67% simple moving average for the past 200 days.
Is It Worth Investing in Lichen China Ltd (NASDAQ: LICN) Right Now?
The stock has a 36-month beta value of -2.59.
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The public float for LICN is 23.83M, and at present, short sellers hold a 0.46% of that float. On September 19, 2024, the average trading volume of LICN was 179.62K shares.
LICN) stock’s latest price update
Lichen China Ltd (NASDAQ: LICN)’s stock price has dropped by -6.03 in relation to previous closing price of 1.99. Nevertheless, the company has seen a gain of 2.19% in its stock price over the last five trading days. prnewswire.com reported 2024-04-05 that XIAMEN, China, April 5, 2024 /PRNewswire/ — Lichen China Limited (the “Company” or “Lichen China”)(NASDAQ: LICN), a dedicated financial and taxation service provider in China, today announced its financial results for the fiscal year ended December 31, 2023. FY 2023 Financial Highlights: Revenue increased approximately $5.95 million or 17.61% to approximately $39.76 million for the year ended December 31, 2023, as compared with approximately $33.81 million for the fiscal year ended December 31, 2022.
LICN Trading at -5.57% 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 -23.36% of loss for the given period.
Volatility was left at 10.62%, however, over the last 30 days, the volatility rate increased by 5.86%, as shares sank -5.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.36% upper at present.
During the last 5 trading sessions, LICN rose by +2.19%, which changed the moving average for the period of 200-days by +23.03% in comparison to the 20-day moving average, which settled at $1.9635. In addition, Lichen China Ltd saw -5.56% 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 1.13. The receivables turnover for the company is 8.91for trailing twelve months and the total asset turnover is 0.61.
Conclusion
To sum up, Lichen China Ltd (LICN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
