Lichen China Ltd (NASDAQ: LICN) is -85.92% lower on its value in year-to-date trading and has touched a low of $0.14 and a high of $2.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LICN stock was last observed hovering at around $0.17 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.21, the stock is -75.07% and -85.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 45.46 million and changing 24.32% at the moment leaves the stock -86.52% off its SMA200. LICN registered -84.25% loss for a year compared to 6-month gain of -80.37%. The firm has a 50-day simple moving average (SMA 50) of $1.52722 and a 200-day simple moving average (SMA200) of $1.56335.
The stock witnessed a -87.09% loss in the last 1 month and extending the period to 3 months gives it a -84.51%, and is 57.51% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.10% over the week and 68.10% over the month.
Distance from 52-week low is 44.90% and -91.39% from its 52-week high.
The shares outstanding are 37.75M, and float is at 23.83M with Short Float at 12.36%.
