On Monday, Canaan Inc ADR (NASDAQ: CAN) opened lower -6.87% from the last session, before settling in for the closing price of $0.76. Price fluctuations for CAN have ranged from $0.53 to $2.47 over the past 52 weeks.
A company in the Technology sector has jumped its sales by 2.47% annually for the last half of the decade. Company’s average yearly earnings per share was noted 71.35% at the time writing. 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
If we go through the results of last quarter, which was made public on 12/31/2024, the company posted -0.26 earnings per share (EPS) for the quarter, coming under the agreed prediction (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
Check out the current performance indicators for Canaan Inc ADR (CAN). In the past 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 0.91.
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 13.15 million. That was inferior than the volume of 33.38 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.45%.
During the past 100 days, Canaan Inc ADR’s (CAN) raw stochastic average was set at 4.51%, which indicates a significant increase from 0.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0663 in the past 14 days, which was lower than the 0.1131 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1024, while its 200-day Moving Average is $0.8799. However, in the short run, Canaan Inc ADR’s stock first resistance to watch stands at $0.7640. Second resistance stands at $0.8160. The third major resistance level sits at $0.8430. If the price goes on to break the first support level at $0.6850, it is likely to go to the next support level at $0.6580. The third support level lies at $0.6060 if the price breaches the second support level.
Canaan Inc ADR (NASDAQ: CAN) Key Stats
There are currently 372,896K shares outstanding in the company with a market cap of 385.13 million. Presently, the company’s annual sales total 269,320 K according to its annual income of -249,750 K. Last quarter, the company’s sales amounted to 150,480 K and its income totaled -27,740 K.
