On Monday, Canaan Inc ADR (NASDAQ: CAN) was 2.08% jump from the session before settling in for the closing price of $0.82. A 52-week range for CAN has been $0.53 – $2.47.
A company in the Technology sector has jumped its sales by 2.47% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 71.35%. With a float of $267.47 million, this company’s outstanding shares have now reached $540.91 million.
Canaan Inc ADR (CAN) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 12/31/2024, it has been observed that the corporation posted -0.26 earnings per share (EPS) during the time that was less than consensus figure (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
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 1.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.07.
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 -0.19 in one year’s time.
Technical Analysis of Canaan Inc ADR (CAN)
Let’s dig in a bit further. During the last 5-days, its volume was 19.08 million. That was inferior than the volume of 33.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 22.84%.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 13.66%, which indicates a significant decrease from 32.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0639 in the past 14 days, which was lower than the 0.1123 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1805, while its 200-day Moving Average is $0.8859. However, in the short run, Canaan Inc ADR’s stock first resistance to watch stands at $0.8739. Second resistance stands at $0.9083. The third major resistance level sits at $0.9300. If the price goes on to break the first support level at $0.8178, it is likely to go to the next support level at $0.7961. Assuming the price breaks the second support level, the third support level stands at $0.7617.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
There are 372,896K outstanding shares of the company, which has a market capitalization of 454.09 million. As of now, sales total 269,320 K while income totals -249,750 K. Its latest quarter income was 150,480 K while its last quarter net income were -27,740 K.
