The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Canaan Inc ADR’s current trading price is -65.14% away from its 52-week high, while its distance from the 52-week low is 62.67%. The stock’s price range for this period has been between $0.75 and $3.50 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 10.25 million for the day, a number notably lower than the average daily volume of 14.09 million over the last three months.
Canaan Inc ADR’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $3.50 on 12/27/23 and a low of $0.75 for the same time frame on 04/19/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canaan Inc ADR (CAN) has experienced a quarterly decline of -43.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 275.31M and boasts a workforce of 445 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.4974, with a change in price of -1.8100. Similarly, Canaan Inc ADR recorded 16,909,732 in trading volume during the last 100 days, posting a change of -59.74%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CAN stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
CAN Stock Stochastic Average
As of today, Canaan Inc ADR’s raw stochastic average for the last 50 days stands at 51.37%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 85.36%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 77.66% and 74.28%, respectively.
CAN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -47.19%. However, over the last six months, the performance has been stronger by -26.95%. The price of CAN increased 62.19% over the last 30 days. And in the last five days, it has surged by 33.20%.
