The stock price of Lichen China Ltd (NASDAQ: LICN) has jumped by 2.67 compared to previous close of 1.87. Despite this, the company has seen a fall of -11.11% 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.
Is It Worth Investing in Lichen China Ltd (NASDAQ: LICN) Right Now?
Additionally, the 36-month beta value for LICN is -2.68.
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The public float for LICN is 23.83M and currently, short sellers hold a 0.27% ratio of that float. The average trading volume of LICN on December 02, 2024 was 575.80K shares.
LICN’s Market Performance
LICN’s stock has seen a -11.11% decrease for the week, with a -4.48% drop in the past month and a -0.52% fall in the past quarter. The volatility ratio for the week is 9.28%, and the volatility levels for the past 30 days are at 9.48% for Lichen China Ltd. The simple moving average for the past 20 days is -2.49% for LICN’s stock, with a 19.33% simple moving average for the past 200 days.
LICN Trading at 1.32% 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 -21.31% of loss for the given period.
Volatility was left at 9.48%, however, over the last 30 days, the volatility rate increased by 9.28%, as shares sank -11.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.32% upper at present.
During the last 5 trading sessions, LICN fell by -10.65%, which changed the moving average for the period of 200-days by +75.45% in comparison to the 20-day moving average, which settled at $1.9695. In addition, Lichen China Ltd saw -3.03% 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 15.18 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 1.46. 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 conclusion, Lichen China Ltd (LICN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
