Here is why Canaan Inc. (CAN) stock volatility recorded over the last month was 17.22% – Invest Chronicle
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Here is why Canaan Inc. (CAN) stock volatility recorded over the last month was 17.22%

Let’s start up with the current stock price of Canaan Inc. (CAN), which is $14.90 to be very precise. The Stock rose vividly during the last session to $19.34 after opening rate of $19.10 while the lowest price it went was recorded $17.51 before closing at $18.67.

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Recently in News on April 12, 2021, Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results. Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months and twelve months ended December 31, 2020. You can read further details here


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Canaan Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $39.10 on 03/12/21, with the lowest value was $4.30 for the same time period, recorded on 01/27/21.

Canaan Inc. (CAN) full year performance was 430.40%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Canaan Inc. shares are logging -61.89% during the 52-week period from high price, and 746.59% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.76 and $39.10.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 20268503 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Canaan Inc. (CAN) recorded performance in the market was 214.84%, having the revenues showcasing 187.23% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.97B, as it employees total of 333 workers.

Analysts verdict on Canaan Inc. (CAN)

During the last month, 0 analysts gave the Canaan Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 11.74, with a change in the price was noted +12.60. In a similar fashion, Canaan Inc. posted a movement of +473.68% for the period of last 100 days, recording 16,139,208 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CAN is recording 0.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Canaan Inc. (CAN): Technical Analysis

Raw Stochastic average of Canaan Inc. in the period of last 50 days is set at 30.98%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.31%. In the last 20 days, the company’s Stochastic %K was 9.57% and its Stochastic %D was recorded 12.43%.

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Let’s take a glance in the erstwhile performances of Canaan Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 214.84%. Additionally, trading for the stock in the period of the last six months notably improved by 882.63%, alongside a boost of 430.40% for the period of the last 12 months. The shares increased approximately by -15.14% in the 7-day charts and went up by -33.27% in the period of the last 30 days. Common stock shares were driven by 187.23% during last recorded quarter.

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