On Friday, Canaan Inc ADR (NASDAQ: CAN) opened lower -4.79% from the last session, before settling in for the closing price of $1.02. Price fluctuations for CAN have ranged from $0.72 to $3.50 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 178.12%. Company’s average yearly earnings per share was noted 75.46% at the time writing. With a float of $149.26 million, this company’s outstanding shares have now reached $213.56 million.
Let’s determine the extent of company efficiency that accounts for 445 employees. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.61 earnings per share (EPS) for the quarter, coming under the agreed prediction (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
Check out the current performance indicators for Canaan Inc ADR (CAN). In the past 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 1.40.
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)
Looking closely at Canaan Inc ADR (NASDAQ: CAN), its last 5-days average volume was 4.29 million, which is a drop from its year-to-date volume of 10.65 million. As of the previous 9 days, the stock’s Stochastic %D was 44.79%. Additionally, its Average True Range was 0.06.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 42.56%, which indicates a significant increase from 36.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.32% in the past 14 days, which was lower than the 79.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9864, while its 200-day Moving Average is $1.1863. However, in the short run, Canaan Inc ADR’s stock first resistance to watch stands at $1.0041. Second resistance stands at $1.0370. The third major resistance level sits at $1.0541. If the price goes on to break the first support level at $0.9541, it is likely to go to the next support level at $0.9370. Now, if the price goes above the second support level, the third support stands at $0.9041.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
There are currently 280,222K shares outstanding in the company with a market cap of 265.83 million. Presently, the company’s annual sales total 211,480 K according to its annual income of -414,150 K. Last quarter, the company’s sales amounted to 71,860 K and its income totaled -41,880 K.
