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Canaan Inc. (CAN)

2.42   -0.03 (-1.22%) 12-07 16:00
Open: 2.41 Pre. Close: 2.45
High: 2.47 Low: 2.405
Volume: 735,791 Market Cap: 411(M)

Technical analysis

as of: 2022-12-07 4:20:58 PM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 3.44     One year: 3.9
Support: Support1: 2.31    Support2: 1.93
Resistance: Resistance1: 2.95    Resistance2: 3.33
Pivot: 2.59
Moving Average: MA(5): 2.5     MA(20): 2.64
MA(100): 3.31     MA(250): 3.95
MACD: MACD(12,26): -0.2     Signal(9): -0.2
Stochastic oscillator: %K(14,3): 14.8     %D(3): 19.4
RSI: RSI(14): 40.2
52-week: High: 6.9  Low: 2.31
Average Vol(K): 3-Month: 1,442 (K)  10-Days: 1,459 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ CAN ] has closed above bottom band by 21.9%. Bollinger Bands are 17% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 2.47 - 2.49 2.49 - 2.51
Low: 2.36 - 2.39 2.39 - 2.4
Close: 2.39 - 2.43 2.43 - 2.45

Company Description

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

Headline News

Wed, 07 Dec 2022
Apple: Most ICloud Data Can Now Be End-To-End Encrypted - U.S. News & World Report

Wed, 07 Dec 2022
Why is there a children's Tylenol shortage? Here's what parents can do. - The Washington Post

Wed, 07 Dec 2022
In the U.S., you can legally 'be fired for any reason or no reason at all'—here's why - CNBC

Wed, 07 Dec 2022
Travis County judges can't hear appeals from migrants arrested under Texas border security push, court rules - The Texas Tribune

Wed, 07 Dec 2022
With Pickme, your neighbor can receive your packages for you - TechCrunch

Wed, 07 Dec 2022
10 Best Holiday Nail Polishes You Can Pick Up Today - Washingtonian

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Outperform
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Outperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Technology
Industry:  Computer Hardware
Shares Out. 170 (M)
Shares Float 136 (M)
% Held by Insiders 0 (%)
% Held by Institutions 18.4 (%)
Shares Short 8,300 (K)
Shares Short P.Month 10,000 (K)

Stock Financials

EPS 1.94
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 28.79
Profit Margin (%) 38.1
Operating Margin (%) 39
Return on Assets (ttm) 31.7
Return on Equity (ttm) 64
Qtrly Rev. Growth -25.8
Gross Profit (p.s.) 16.79
Sales Per Share 36.35
EBITDA (p.s.) 14.2
Qtrly Earnings Growth -87.7
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 1.24
PEG Ratio 0
Price to Book value 0.08
Price to Sales 0.06
Price to Cash Flow 0

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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