Canaan Inc ADR (NASDAQ:CAN) price closed lower on Monday, April 15, dropping -5.83% below its previous close.
A look at the daily price movement shows that the last close reads $1.20. The company’s 5Y monthly beta was ticking 3.01. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.50 and 52-week low of $1.13. The stock subtracted -11.02% on its value in the past month.
Canaan Inc ADR, which has a market valuation of $169.81 million, is expected to release its quarterly earnings report May 24, 2024 – May 28, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CAN a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that CAN’s price is at present -16.85% off the SMA20 and -26.73% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.51, with weekly volatility standing at 7.07%. The indicator jumps to 8.92% when calculated based on the past 30 days. Canaan Inc ADR (NASDAQ:CAN)’s beta value is holding at 3.04, while the average true range (ATR) indicator is currently reading 0.13.
An analysis of the Canaan Inc ADR (NASDAQ:CAN) stock in terms of its daily trading volume indicates that the 3-month average is 17.06 million.
Current records show that the company has 150.27M in outstanding shares. The percentage share held by institutions stands at 30.30%. But the -51.08% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
