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A Closer Look at Canaan Inc ADR (CAN) Stock Gains

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Canaan Inc ADR experienced a rather shaky stock market performance. The highest value in the past year was recorded at $3.50 on 12/27/23 and the lowest value was $0.72 on 08/05/24.

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 -71.53% away from its 52-week high, while its distance from the 52-week low is 38.39%. The stock’s price range during the 52-week period has remained between $0.72 and $3.50. In the Technology sector, the company’s shares saw a trading volume of around 2.55 million for the day, which was evidently lower than the average daily volume of 5.24 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 -14.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 272.75M 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 1.0069, with a change in price of +0.0030. Similarly, Canaan Inc ADR recorded 5,596,828 in trading volume during the last 100 days, posting a change of +0.30%.

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

As of today, Canaan Inc ADR’s raw stochastic average for the last 50 days stands at 65.88%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 52.66%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 40.33% and 37.23%, 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. The index has shown a price loss of -56.87% this year. Over the last six months, there has been a weaker performance of 32.46%. The price of CAN leaped by -10.23% during the last 30 days period. For the last 5-days stocks have improved 4.30%.

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