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Canaan Inc ADR: A Year of Highs, Lows, and Market Resilience

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Canaan Inc ADR saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $3.50 on 12/27/23, while the lowest price for the same duration was marked at $0.72 on 08/05/24.

52-week price history of CAN Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Canaan Inc ADR’s current trading price is -73.82% away from its 52-week high, while its distance from the 52-week low is 27.26%. The stock’s price range during this period has spanned from $0.72 to $3.50. In the Technology sector, the Canaan Inc ADR’s shares surpassed a trading volume of approximately 1.93 million for the day, which was noticeably lower compared to the average daily volume of 9.5.69 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 -14.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 250.83M and boasts a workforce of 445 employees.

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 0.9961, with a change in price of -0.0162. Similarly, Canaan Inc ADR recorded 7,093,373 in trading volume during the last 100 days, posting a change of -1.76%.

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 0.06. Similarly, the long-term debt-to-equity ratio is also 0.06.

CAN Stock Stochastic Average

Today’s raw stochastic average for Canaan Inc ADR over the last 50 days is 31.17%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 44.59%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 48.01% and 49.52%, respectively.

CAN Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -60.33%. However, over the past six months, we’ve seen a stronger performance of -34.08%. The price of CAN fallen by 6.83% over the last 30 days. And in the last five days, it has fallen by -0.94%.

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