November 20, 2023, Canaan Inc ADR (NASDAQ: CAN) trading session started at the price of $1.72, that was -1.17% drop from the session before. During the day, the shares moved up to $1.75 and dropped to $1.67 before settling in for the closing price of $1.71. A 52-week range for CAN has been $1.52 – $3.98.
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 213.86%. When this article was written, the company’s average yearly earnings per share was at -122.50%. With a float of $149.26 million, this company’s outstanding shares have now reached $149.26 million.
The extent of productivity of a business whose workforce counts for 541 workers is very important to gauge. In terms of profitability, gross margin is +34.93, operating margin of +8.57, and the pretax margin is +13.94.
Canaan Inc ADR (CAN) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/29/2023, it has been observed that the corporation posted -$0.61 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.12) by -$0.49. 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 -0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -122.50% per share during the next fiscal year.
Canaan Inc ADR (NASDAQ: CAN) Trading Performance Indicators
You can see what Canaan Inc ADR (CAN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.47, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.06 in one year’s time.
Technical Analysis of Canaan Inc ADR (CAN)
The latest stats from [Canaan Inc ADR, CAN] show that its last 5-days average volume of 2.01 million was inferior to 2.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 37.30%. Additionally, its Average True Range was 0.13.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 9.79%, which indicates a significant decrease from 36.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.64% in the past 14 days, which was higher than the 72.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8082, while its 200-day Moving Average is $2.3678. Now, the first resistance to watch is $1.7367. This is followed by the second major resistance level at $1.7833. The third major resistance level sits at $1.8167. If the price goes on to break the first support level at $1.6567, it is likely to go to the next support level at $1.6233. The third support level lies at $1.5767 if the price breaches the second support level.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
There are 170,038K outstanding shares of the company, which has a market capitalization of 252.25 million. As of now, sales total 634,880 K while income totals 70,510 K. Its latest quarter income was 73,850 K while its last quarter net income were -110,670 K.