Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Canaan Inc ADR’s current trading price is -39.43% away from its 52-week high, while its distance from the 52-week low is 194.44%. The stock’s price range during this period has varied between $0.72 and $3.50. The company, active in the Technology sector, saw a trading volume of around 31.57 million for the day, considerably higher average daily volume of 9.93 million observed over the last three months.
Canaan Inc ADR’s stock has had a calm market performance. The 1-year high for the company’s stock was $3.50 on 12/27/23, and the lowest price during the same period was recorded at $0.72 on 08/05/24.
How Financial Performance Impacts Market Capitalization
Canaan Inc ADR (CAN) has experienced a quarterly rise of 129.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 580.33M and boasts a workforce of 445 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.13, with a change in price of +1.10. Similarly, Canaan Inc ADR recorded 8,387,004 in trading volume during the last 100 days, posting a change of +107.84%.
How CAN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Canaan Inc ADR over the past 50 days is 89.71%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 87.50%. Additionally, the Stochastic %K and %D values for the company were 74.05% and 72.02%, respectively, over the past 20 days.
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. Year to date metric has recorded a loss of -8.23%.However, over the last six months, we can see a weaker performance of 109.90%. Over the last 30 days, the price of CAN has fallen by 55.88%. And in the last five days, it has surged by 16.48%.
