Canaan Inc ADR’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $3.50 on 12/27/23, and the lowest price during that time was $0.72, recorded on 08/05/24.
52-week price history of CAN Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Canaan Inc ADR’s current trading price is -40.57% away from its 52-week high, while its distance from the 52-week low is 188.89%. The stock’s price range during this period has fluctuated between $0.72 and $3.50. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 26.69 million for the day, which was evidently higher than the average daily volume of 8.55 million over the last three months.
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Financial Performance and Market Capitalization
Canaan Inc ADR (CAN) has experienced a quarterly rise of 101.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 569.38M and boasts a workforce of 445 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.1000, with a change in price of +1.0900. Similarly, Canaan Inc ADR recorded 7,842,546 in trading volume during the last 100 days, posting a change of +110.72%.
CAN Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CAN stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.08.
CAN Stock Stochastic Average
Canaan Inc ADR’s raw stochastic average for the past 50 days is currently at 94.40%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 93.40%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 90.42% and 80.61%, 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. Until today this year the stock’s price performance recorded a decrease of -9.96%. However, over the last six months, the performance has been weaker by 108.60%. The price of CAN increased 114.19% over the last 30 days. And in the last five days, it has surged by 35.95%.
