The stock of Lichen China Ltd (LICN) has gone down by -16.74% for the week, with a 7.39% rise in the past month and a -4.55% drop in the past quarter. The volatility ratio for the week is 14.22%, and the volatility levels for the past 30 days are 9.01% for LICN. The simple moving average for the last 20 days is -3.37% for LICN stock, with a simple moving average of 20.13% for the last 200 days.
Is It Worth Investing in Lichen China Ltd (NASDAQ: LICN) Right Now?
The 36-month beta value for LICN is also noteworthy at -2.70.
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The public float for LICN is 23.83M, and at present, short sellers hold a 0.38% of that float. The average trading volume of LICN on November 18, 2024 was 435.63K shares.
LICN) stock’s latest price update
Lichen China Ltd (NASDAQ: LICN)’s stock price has increased by 0.53 compared to its previous closing price of 1.88. However, the company has seen a -16.74% decrease in its stock price over the last five trading sessions. 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 0.23% 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 -22.54% of loss for the given period.
Volatility was left at 9.01%, however, over the last 30 days, the volatility rate increased by 14.22%, as shares surge +7.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.53% upper at present.
During the last 5 trading sessions, LICN fell by -16.74%, which changed the moving average for the period of 200-days by +40.00% in comparison to the 20-day moving average, which settled at $1.9559. In addition, Lichen China Ltd saw -4.55% 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:
- 0.34 for the present operating margin
- 0.61 for the gross margin
The net margin for Lichen China Ltd stands at 0.24. The total capital return value is set at 0.18.
Currently, EBITDA for the company is 14.58 million with net debt to EBITDA at -2.27. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 17.55.
Conclusion
In summary, Lichen China Ltd (LICN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
