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Canaan Inc. (CAN) return on Assets touches -20.72: These Shares are Poised for Major Movement

As on December 17, 2021, Canaan Inc. (NASDAQ: CAN) started slowly as it slid -2.21% to $5.30. During the day, the stock rose to $5.4399 and sunk to $4.92 before settling in for the price of $5.42 at the close. Taking a more long-term approach, CAN posted a 52-week range of $3.64-$39.10.

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Nevertheless, stock’s Earnings Per Share (EPS) this year is 79.00%. This publicly-traded company’s shares outstanding now amounts to $174.36 million, simultaneously with a float of $129.20 million. The organization now has a market capitalization sitting at $918.97 million. At the time of writing, stock’s 50-day Moving Average stood at $8.06, while the 200-day Moving Average is $10.52.

It is quite fundamental to gauge the extent of the productivity of the business which is accounted for 248 workers. It has generated 261,536 per worker during the last fiscal year. Meanwhile, its income per employee was -125,657. The stock had 3.36 Receivables turnover and 0.43 Total Asset turnover. For the Profitability, stocks gross margin was +5.84, operating margin was -56.71 and Pretax Margin of -48.05.

Canaan Inc. (CAN) Earnings and Revenue Records

This company achieved a net margin of -48.05 while generating a return on equity of -37.64.

Canaan Inc.’s EPS increase for this current 12-month fiscal period is 79.00%.

Canaan Inc. (NASDAQ: CAN) Trading Performance Indicators

Let’s observe the current performance indicators for Canaan Inc. (CAN). It’s Quick Ratio in the last reported quarter now stands at 2.10. The Stock has managed to achieve an average true range (ATR) of 0.74. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.06.

In the same vein, CAN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.49.

Technical Analysis of Canaan Inc. (CAN)

Through scrutinizing the latest numbers posted by the [Canaan Inc., CAN], it can be observed that its last 5-days Average volume of 4.51 million was lower the volume of 10.7 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 14.30% While, its Average True Range was 0.64.

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Raw Stochastic average of Canaan Inc. (CAN) in the period of the previous 100 days is set at 6.06%, which indicates a major fall in contrast to 8.91% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 140.83% that was higher than 112.09% volatility it exhibited in the past 100-days period.

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