Could Lichen China Ltd (LICN)’s Current Volatility Hinder Its Future Potential?

Lichen China Ltd (NASDAQ:LICN) has a beta value of -0.93 and has seen 13.87 million shares traded in the last trading session. The company, currently valued at $16.28M, closed the last trade at $0.18 per share which meant it lost -$0.01 on the day or -4.74% during that session. The LICN stock price is -1255.56% off its 52-week high price of $2.44 and 22.22% above the 52-week low of $0.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.27 million shares traded. The 3-month trading volume is 12.08 million shares.

Lichen China Ltd (NASDAQ:LICN) trade information

Sporting -4.74% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LICN stock price touched $0.18 or saw a rise of 10.0%. Year-to-date, Lichen China Ltd shares have moved 1.91%, while the 5-day performance has seen it change -22.02%. Over the past 30 days, the shares of Lichen China Ltd (NASDAQ:LICN) have changed -91.42%. Short interest in the company has seen 2.94 million shares shorted with days to cover at 0.16.

Lichen China Ltd (LICN) estimates and forecasts

The company’s shares have lost -89.29% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.16% over the past 5 years.

LICN Dividends

Lichen China Ltd is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.