Canaan Inc ADR (NASDAQ: CAN) on Friday, plunged -9.06% from the previous trading day, before settling in for the closing price of $0.92. Within the past 52 weeks, CAN’s price has moved between $0.53 and $3.27.
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 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) Latest Financial update
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 1.08.
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)
The latest stats from [Canaan Inc ADR, CAN] show that its last 5-days average volume of 18.79 million was inferior to 34.07 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 24.97%.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 13.73%, which indicates a significant increase from 3.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0655 in the past 14 days, which was lower than the 0.1121 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2342, while its 200-day Moving Average is $0.8993. Now, the first resistance to watch is $0.9030. This is followed by the second major resistance level at $0.9654. The third major resistance level sits at $1.0009. If the price goes on to break the first support level at $0.8051, it is likely to go to the next support level at $0.7696. The third support level lies at $0.7072 if the price breaches the second support level.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
Market capitalization of the company is 454.63 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.
