On Monday, Canaan Inc ADR (NASDAQ: CAN) was 5.73% up from the session before settling in for the closing price of $0.96. A 52-week range for CAN has been $0.72 – $3.50.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 178.12%. When this article was written, the company’s average yearly earnings per share was at 75.46%. With a float of $149.26 million, this company’s outstanding shares have now reached $213.56 million.
Considering the fact that the conglomerate employs 445 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -92.87%, operating margin of -157.18%, and the pretax margin is -176.59%.
Canaan Inc ADR (CAN) Recent Fiscal highlights
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 -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 75.46% 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 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.55, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.08 in one year’s time.
Technical Analysis of Canaan Inc ADR (CAN)
Compared to the last year’s volume of 10.91 million, its volume of 4.18 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 26.39%. Additionally, its Average True Range was 0.07.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 49.15%, which indicates a significant decrease from 52.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.04% in the past 14 days, which was lower than the 78.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9641, while its 200-day Moving Average is $1.2427. Nevertheless, the first resistance level for the watch stands at $1.0297 in the near term. At $1.0493, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0787. If the price goes on to break the first support level at $0.9807, it is likely to go to the next support level at $0.9513. Now, if the price goes above the second support level, the third support stands at $0.9317.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
There are 280,222K outstanding shares of the company, which has a market capitalization of 276.48 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.
