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Canaan Inc ADR’s Shares Reel: -52.35% Quarterly Revenue Decline Amid 228.41M Market Cap

The market performance of Canaan Inc ADR’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $3.50 on 12/27/23, while the lowest value for the same duration was $1.13 on 12/13/23.

52-week price history of CAN Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Canaan Inc ADR’s current trading price is -56.57% away from its 52-week high, while its distance from the 52-week low is 34.51%. The stock’s price range during the 52-week period has remained between $1.13 and $3.50. In the Technology sector, the company’s shares saw a trading volume of around 19.25 million for the day, which was evidently lower than the average daily volume of 20.46 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Canaan Inc ADR (CAN) has experienced a quarterly decline of -52.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 228.41M.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.7642, with a change in price of -0.3900. Similarly, Canaan Inc ADR recorded 17,516,023 in trading volume during the last 100 days, posting a change of -20.42%.

Examining CAN’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CAN stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

CAN Stock Stochastic Average

Canaan Inc ADR’s raw stochastic average for the past 50 days is presently 24.44%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 60.78%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 39.06% and 29.47%, respectively.

CAN Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price decrease of -34.20%. However, over the past six months, we’ve seen a stronger performance of -9.52%. The price of CAN leaped by -17.84% over the last 30 days. And in the last five days, it has fallen by -1.94%.

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