Canaan Inc ADR (NASDAQ: CAN) on Tuesday, soared 2.74% from the previous trading day, before settling in for the closing price of $0.94. Within the past 52 weeks, CAN’s price has moved between $0.53 and $3.27.
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 2.47%. The company achieved an average annual earnings per share of 71.35%. With a float of $267.47 million, this company’s outstanding shares have now reached $540.91 million.
Canaan Inc ADR (CAN) Recent Fiscal highlights
As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.26 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.11) by -0.15. 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 71.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 70.38% during the next five years compared to 2.47% growth over the previous five years of trading.
Canaan Inc ADR (NASDAQ: CAN) Trading Performance Indicators
Canaan Inc ADR (CAN) is currently performing well based on its current performance indicators. A quick ratio of 1.13 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.67, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach -0.18 in one year’s time.
Technical Analysis of Canaan Inc ADR (CAN)
Compared to the last year’s volume of 34.25 million, its volume of 17.33 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 34.71%.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 21.35%, which indicates a significant decrease from 41.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0817 in the past 14 days, which was lower than the 0.1128 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2450, while its 200-day Moving Average is $0.9054. Nevertheless, the first resistance level for the watch stands at $1.0043 in the near term. At $1.0461, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0933. If the price goes on to break the first support level at $0.9153, it is likely to go to the next support level at $0.8681. Now, if the price goes above the second support level, the third support stands at $0.8263.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
Market capitalization of the company is 520.57 million based on 372,896K outstanding shares. Right now, sales total 269,320 K and income totals -249,750 K. The company made 150,480 K in profit during its latest quarter, and -27,740 K in sales during its previous quarter.
