On Monday, Canaan Inc ADR (NASDAQ: CAN) was 6.91% up from the session before settling in for the closing price of $0.99. A 52-week range for CAN has been $0.72 – $3.50.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 178.12%. When this article was written, the company’s average yearly earnings per share was at 97.55%. With a float of $149.26 million, this company’s outstanding shares have now reached $213.56 million.
The extent of productivity of a business whose workforce counts for 445 workers is very important to gauge. In terms of profitability, gross margin is -94.86%, operating margin of -165.57%, and the pretax margin is -182.23%.
Canaan Inc ADR (CAN) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, 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. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 97.55% 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 1.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.55, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach -0.02 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 4.27 million was inferior to 12.2 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 80.10%. Additionally, its Average True Range was 0.08.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 50.37%, which indicates a significant decrease from 84.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.40% in the past 14 days, which was lower than the 99.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0179, while its 200-day Moving Average is $1.3862. Now, the first resistance to watch is $1.1260. This is followed by the second major resistance level at $1.1919. The third major resistance level sits at $1.2639. If the price goes on to break the first support level at $0.9881, it is likely to go to the next support level at $0.9161. Assuming the price breaks the second support level, the third support level stands at $0.8502.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
There are 280,222K outstanding shares of the company, which has a market capitalization of 290.16 million. As of now, sales total 211,480 K while income totals -414,150 K. Its latest quarter income was 71,860 K while its last quarter net income were -41,880 K.
