How to Buy Lichen China Stock
Lichen China Ltd
Lichen China Limited, an investment holding company, provides financial and taxation, education support, and software and maintenance services in the People's Republic of China.
Lichen China stock last closed at $1.17, down 12.03% from the previous day, and has decreased 58.21% in one year. It has underperformed other stocks in the Specialty Business Services industry by 0.81 percentage points. Lichen China stock is currently +134% from its 52-week low of $0.50, and -58.8% from its 52-week high of $2.84.
As of May 2, 2024, there are 26.5M shares of LICN outstanding. The market capitalization of LICN is $31.01M. In the last 24 hours, 178,168 LICN shares were traded.
How to Buy Lichen China Stock
Not sure how to invest in Lichen China stock? Here's how.
- Choose where to buy Lichen China stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Lichen China stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your payment method and add your information.
- Evaluate Lichen China stock: The Lichen China ticker symbol is LICN. Is Lichen China stock a good investment? Should you buy shares of LICN? How do LICN's underlying business fundamentals look? Do top analysts think Lichen China is a good buy? Why has LICN's stock price moved recently? (Hint: Our stock market research tools can help you understand if LICN is a good stock to buy).
- Place your LICN purchase: Decide if you will purchase LICN shares at the current market price or use a limit order to purchase LICN stock at a given price.
- Get updates on your LICN position: Create a watchlist to important notifications about your investment in Lichen China stock.
Step 1: Choose where to buy Lichen China stock
You need a brokerage account in order to access the NASDAQ market and buy LICN shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal details so you can buy LICN today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on a good online stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of transferring funds into your brokerage account.
Step 4: Evaluate Lichen China stock
After you have selected the best place to buy Lichen China stock, it's very important to research their stock before you buy, so you truly wrap your head around the risk as well as the upside.
Overview of key LICN info
LICN Overview
WallStreetZen was created to help average investors perform better fundamental analysis.
You can view all of the due diligence checks on LICN's stock page.
How is LICN stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LICN's fair value.
Using relative valuations methods:
- LICN may be undervalued based on its P/E ratio of 3.66x, relative to Specialty Business Services industry P/E ratio of 35.4x
- LICN may be undervalued based on its P/B ratio of 0.5x, relative to Specialty Business Services industry P/B ratio of 4.79x
- LICN may be undervalued based on its PEG ratio of 0.1x
You can access additional valuation analysis on LICN's stock here.
A look at LICN Cashflows and Balance Sheet
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the LICN balance sheet.
- There are more short-term assets than short-term liabilities on the LICN balance sheet.
- LICN has $25.86M in cash and short term investments. This is sufficient to cover its annual cash burn of $7.25M.
- LICN has a low debt to equity ratio of 0.07.
- LICN has cash burn of 7245000. It has enough cash and short-term investments to cover this for at least one year.
Negative Health Checks:
- LICN profit margin has gone down from 23.1% to 21% in the past year.
LICN Momentum
LICN Growth Numbers
Last year, LICN earnings were $8.34M. During the last three year, LICN's earnings have grown by 52.28% per year. This was faster than the Specialty Business Services industry average of 11.06%.
Last year, LICN revenue was $39.76M. In the past 3 year, LICN's revenue has increased by 66.68% per year. This was faster than the Specialty Business Services industry average of 10.49%.
Dig into LICN's earnings and revenue performance here.
Who is buying/selling LICN?
Over the last year, insiders at LICN have not bought or sold any shares.
Dig into more about who owns LICN stock here.
Can I get consistent income from LICN stock?
No, Lichen China doesn't provide an income stream by paying out dividends.
What do other traders have to say about LICN?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your LICN purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.
Click the Open button and your broker will execute your order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your LICN position
Now that you own some shares in LICN, you'll want to stay up-to-date on your investment.
Add LICN to a watchlist to track the most important metrics related to your LICN stock.
LICN Feed
How to Buy Stock in Lichen China
To summarize, here are the 6 steps to buy Lichen China stock:
- Choose where to buy Lichen China stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Lichen China stock
- Place your LICN purchase
- Get updates on your LICN position
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Lichen China, add LICN to your watchlist below.
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