At the end of the latest market close, Canaan Inc. (CAN) was valued at $3.36. In that particular session, Stock kicked-off at the price of $3.26 while reaching the peak value of $3.425 and lowest value recorded on the day was $3.25. The stock current value is $3.33.Recently in News on November 14, 2022, Canaan Inc. Reports Unaudited Third Quarter 2022 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 ended September 30, 2022. You can read further details here
Canaan Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.43 on 01/17/23, with the lowest value was $1.91 for the same time period, recorded on 01/03/23.
Canaan Inc. (CAN) full year performance was -23.45%
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 -51.74% during the 52-week period from high price, and 78.07% 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 $1.87 and $6.90.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2728735 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 61.65%, having the revenues showcasing 3.10% 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 499.83M, as it employees total of 346 workers.
Market experts do have their say about 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 2.87, with a change in the price was noted -0.08. In a similar fashion, Canaan Inc. posted a movement of -2.35% for the period of last 100 days, recording 1,676,126 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 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical breakdown of Canaan Inc. (CAN)
Raw Stochastic average of Canaan Inc. in the period of last 50 days is set at 93.59%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 93.59%. In the last 20 days, the company’s Stochastic %K was 90.17% and its Stochastic %D was recorded 81.91%.
Bearing in mind the latest performance of Canaan Inc., several 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 61.65%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -15.70%, alongside a downfall of -23.45% for the period of the last 12 months. The shares increased approximately by 7.42% in the 7-day charts and went down by 56.34% in the period of the last 30 days. Common stock shares were driven by 3.10% during last recorded quarter.