Let’s start up with the current stock price of Canaan Inc. (CAN), which is $10.60 to be very precise. The Stock rose vividly during the last session to $12.26 after opening rate of $11.74 while the lowest price it went was recorded $11.40 before closing at $11.63.
Recently in News on May 10, 2021, SHAREHOLDER ACTION REMINDER: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Canaan Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm. Los Angeles, California–(Newsfile Corp. – May 10, 2021) – The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Canaan Inc. (“Canaan” or “the Company”) (NASDAQ: CAN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can read further details here
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 100.52%
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 -72.90% during the 52-week period from high price, and 501.99% 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 4151543 for the day, which was evidently lower, 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 96.12%, having the revenues showcasing 93.19% 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 1.84B, as it employees total of 248 workers.
Canaan Inc. (CAN) in the eye of market guru’s
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 13.49, with a change in the price was noted +7.36. In a similar fashion, Canaan Inc. posted a movement of +209.69% for the period of last 100 days, recording 16,930,234 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 0.11 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Canaan Inc. (CAN): Stocks Technical analysis and Trends
Raw Stochastic average of Canaan Inc. in the period of last 50 days is set at 1.33%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 7.06%. In the last 20 days, the company’s Stochastic %K was 5.79% and its Stochastic %D was recorded 6.06%.
If we look into the earlier routines 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 96.12%. Additionally, trading for the stock in the period of the last six months notably improved by 446.01%, alongside a boost of 100.52% for the period of the last 12 months. The shares increased approximately by -7.03% in the 7-day charts and went up by -38.63% in the period of the last 30 days. Common stock shares were driven by 93.19% during last recorded quarter.