A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 23.81% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 180.39%. Over the past 30 days, the price of CAN has fallen by 89.40%. And in the last five days, it has fallen by -5.92%.
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.
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52-week price history of CAN Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Canaan Inc ADR’s current trading price is -18.29% away from its 52-week high, while its distance from the 52-week low is 297.22%. The stock’s price range for this period has been between $0.72 and $3.50. The Technology sector company’s shares saw a trading volume of about 24.68 million for the day, which was higher than the average daily volume of 13.43 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Canaan Inc ADR (CAN) has experienced a quarterly rise of 177.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 782.90M and boasts a workforce of 445 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.27, with a change in price of +1.85. Similarly, Canaan Inc ADR recorded 10,631,129 in trading volume during the last 100 days, posting a change of +183.17%.
CAN’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder 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 88.93%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 85.63%. Additionally, the Stochastic %K and %D values for the company were 79.64% and 76.78%, respectively, over the past 20 days.
