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 $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 -63.69% away from its 52-week high, while its distance from the 52-week low is 76.53%. 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 2.04 million for the day, which was evidently lower than the average daily volume of 5.38 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 rise of 52.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 339.31M 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 1.0194, with a change in price of +0.2350. Similarly, Canaan Inc ADR recorded 5,817,589 in trading volume during the last 100 days, posting a change of +22.82%.
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
Canaan Inc ADR’s raw stochastic average for the past 50 days is presently 70.54%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 66.90%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 61.55% and 60.44%, 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 -44.98%. However, over the past six months, we’ve seen a weaker performance of 50.06%. The price of CAN fallen by 21.05% over the last 30 days. And in the last five days, it has fallen by -2.23%.
