Canaan Inc. (CAN) recently have taken one step ahead with the beta value of 3.25

As on May 25, 2023, Canaan Inc. (NASDAQ: CAN) got off with the flyer as it spiked 0.39% to $2.58. During the day, the stock rose to $2.61 and sunk to $2.49 before settling in for the price of $2.57 at the close. Taking a more long-term approach, CAN posted a 52-week range of $1.87-$4.54.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


The Technology Sector giants’ yearly sales growth during the last 5-year period was 27.30%. Meanwhile, its Annual Earning per share during the time was 3.60%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -75.70%. This publicly-traded company’s shares outstanding now amounts to $168.36 million, simultaneously with a float of $31.62 million. The organization now has a market capitalization sitting at $484.27 million. At the time of writing, stock’s 50-day Moving Average stood at $2.68, while the 200-day Moving Average is $2.90.

Let’s gauge the efficiency of the firm, which has a total of 541 employees. For the Profitability, stocks gross margin was +34.93, operating margin was +8.57 and Pretax Margin of +13.94.

Canaan Inc. (CAN) Earnings and Revenue Records

If we go through the results of last quarter, which was made public on 12/30/2022, the company posted -$0.26 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.14) by -$0.12. This company achieved a net margin of +11.11 while generating a return on equity of 12.54. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.

Canaan Inc.’s EPS decrease for this current 12-month fiscal period is -75.70% and is forecasted to reach 1.74 in the upcoming year.

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 4.60. The Stock has managed to achieve an average true range (ATR) of 0.15. Alongside those numbers, its PE Ratio stands at $6.60, and its Beta score is 3.25. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.78.

In the same vein, CAN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.39, a figure that is expected to reach -0.21 in the next quarter, and analysts are predicting that it will be 1.74 at the market close of one year from today.

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 1.57 million was lower the volume of 2.15 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 58.71% While, its Average True Range was 0.14.

Raw Stochastic average of Canaan Inc. (CAN) in the period of the previous 100 days is set at 32.37%, which indicates a major fall in contrast to 61.84% 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 59.17% that was lower than 84.69% volatility it exhibited in the past 100-days period.


On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...



Don't miss

Wearable Devices (WLDS) Stock Rose 12% On Tuesday, But On What Basis?

Wearable Devices Ltd (NASD: WLDS) is experiencing significant growth...

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Do You Know Why Evolv Technologies (EVLV) Stock Surged Nearly 10% Today?

Today's charts show Evolv Technologies Holdings Inc. (Nasdaq: EVLV)...

Olaplex Holdings Inc. (OLPX) 14-day ATR is 0.20: This Stock is Set to Soar Above its Peers

Olaplex Holdings Inc. (NASDAQ: OLPX) open the trading on May 31, 2023, with a bit cautious approach as it glided -2.17% to $3.16. During...

LyondellBasell Industries N.V. (LYB) return on Assets touches 10.63: These Shares are Poised for Major Movement

Witnessing the stock’s movement on the chart, on May 31, 2023, LyondellBasell Industries N.V. (NYSE: LYB) had a quiet start as it plunged -1.36%...

Merck & Co. Inc. (MRK) is predicted to post EPS of 1.85 in the upcoming quarter : This Stock is Ticking Every Box for...

Merck & Co. Inc. (NYSE: MRK) established initial surge of 1.14% at $110.41, as the Stock market unbolted on May 31, 2023. During the...


Please enter your comment!
Please enter your name here