Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Canaan Inc ADR’s current trading price is -38.53% away from its 52-week high, while its distance from the 52-week low is 179.17%. The stock’s price range over this period has fluctuated between $0.72 and $3.27. The company, operating within the financial sector, had a trading volume of approximately 26.12 million for the day, which was noticeably higher than the average daily share volume of 17.9 million over the last 3 months.
Canaan Inc ADR experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $3.27 on 12/16/24, while the lowest price for the same period was registered at $0.72 on 08/05/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canaan Inc ADR (CAN) has experienced a quarterly rise of 101.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 537.70M and boasts a workforce of 445 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.55, with a change in price of +1.02. Similarly, Canaan Inc ADR recorded 13,135,463 in trading volume during the last 100 days, posting a change of +102.72%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared 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
Today, Canaan Inc ADR’s raw stochastic average for the past 50 days stands at 40.14%, indicating a rise from the raw stochastic average of the last 20 days, which was 24.22%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 17.64% and 12.61% respectively.
CAN Stock Price Performance Analysis
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 loss of -1.95% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 70.34%. Over the past 30 days, the price of CAN has leaped by -34.95%. And in the last five days, it has surged by 3.61%.
