A new trading day began on Friday, with Canaan Inc ADR (NASDAQ: CAN) stock price up 7.76% from the previous day of trading, before settling in for the closing price of $1.16. CAN’s price has 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%. Meanwhile, its annual earnings per share averaged 75.46%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.61 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Canaan Inc ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.76.
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 11.56 million, which is a jump from its year-to-date volume of 10.67 million. As of the previous 9 days, the stock’s Stochastic %D was 63.12%. Additionally, its Average True Range was 0.10.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 74.65%, which indicates a significant increase from 62.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 127.95% in the past 14 days, which was higher than the 90.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0126, while its 200-day Moving Average is $1.1672. However, in the short run, Canaan Inc ADR’s stock first resistance to watch stands at $1.3223. Second resistance stands at $1.3945. The third major resistance level sits at $1.4691. If the price goes on to break the first support level at $1.1755, it is likely to go to the next support level at $1.1009. Now, if the price goes above the second support level, the third support stands at $1.0287.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
With a market capitalization of 333.70 million, the company has a total of 302,355K Shares Outstanding. Currently, annual sales are 211,480 K while annual income is -414,150 K. The company’s previous quarter sales were 71,860 K while its latest quarter income was -41,880 K.
