Canaan Inc ADR (CAN) latest performance of -0.76% is not what was on cards

Canaan Inc ADR (NASDAQ: CAN) open the trading on Wednesday, with a bit cautious approach as it glided -0.76% to $1.30, before settling in for the price of $1.31 at the close. Taking a more long-term approach, CAN posted a 52-week range of $1.13-$3.50.

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The Technology sector firm’s twelve-monthly sales growth has been 178.12% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is 50.61%. This publicly-traded company’s shares outstanding now amounts to $150.27 million, simultaneously with a float of $149.26 million. The organization now has a market capitalization sitting at $195.35 million. At the time of writing, stock’s 50-day Moving Average stood at $1.5787, while the 200-day Moving Average is $1.9729.

Canaan Inc ADR (CAN) Earnings and Revenue Records

So, what does the last quarter earnings report of the company that was made public on 12/30/2023 suggests? It has posted -$0.55 earnings per share (EPS) not meeting the forecaster’s viewpoint (set at -$0.19) by -$0.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.41 per share during the current fiscal year.

Canaan Inc ADR’s EPS increase for this current 12-month fiscal period is 50.61%.

Canaan Inc ADR (NASDAQ: CAN) Trading Performance Indicators

Let’s observe the current performance indicators for Canaan Inc ADR (CAN). It’s Quick Ratio in the last reported quarter now stands at 1.64. The Stock has managed to achieve an average true range (ATR) of 0.17. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.92.

In the same vein, CAN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.40, a figure that is expected to reach -0.20 in the next quarter.

Technical Analysis of Canaan Inc ADR (CAN)

[Canaan Inc ADR, CAN] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 18.25% While, its Average True Range was 0.1485.

Raw Stochastic average of Canaan Inc ADR (CAN) in the period of the previous 100 days is set at 7.17%, which indicates a major fall in contrast to 19.78% 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 125.76% that was lower than 138.36% volatility it exhibited in the past 100-days period.