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Canaan Inc. (CAN)
2.66  0.13 (5.14%)    12-11 16:00
Open: 2.71
High: 2.73
Volume: 20,608,063
  
Pre. Close: 2.53
Low: 2.48
Market Cap: 777(M)
Technical analysis
2024-12-11 4:42:01 PM
Short term     
Mid term     
Targets 6-month :  3.62 1-year :  4.22
Resists First :  3.09 Second :  3.62
Pivot price 2.21
Supports First :  1.9 Second :  1.16
MAs MA(5) :  2.69 MA(20) :  2.05
MA(100) :  1.23 MA(250) :  1.34
MACD MACD :  0.3 Signal :  0.2
%K %D K(14,3) :  77 D(3) :  83.8
RSI RSI(14): 64.3
52-week High :  3.5 Low :  0.72
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ CAN ] has closed below upper band by 22.9%. Bollinger Bands are 267.4% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 29 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 2.73 - 2.75 2.75 - 2.76
Low: 2.44 - 2.46 2.46 - 2.48
Close: 2.63 - 2.66 2.66 - 2.69
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

Mon, 09 Dec 2024
Canaan Inc. (CAN): A Bull Case Theory - Yahoo Finance

Mon, 09 Dec 2024
Canaan Inc. (NASDAQ:CAN) Shares Acquired by Quadrature Capital Ltd - MarketBeat

Sat, 07 Dec 2024
Canaan (NASDAQ:CAN) Trading 7.1% Higher After Analyst Upgrade - MarketBeat

Mon, 02 Dec 2024
Canaan Inc. to Participate in Upcoming Investor Conferences - cnhinews.com

Mon, 02 Dec 2024
Canaan Inc. to Present at Three Major Investor Conferences in December | CAN Stock News - StockTitan

Sun, 24 Nov 2024
Canaan Inc. (CAN): $73.6 Million Revenue and Strategic Expansion in Blockchain Mining - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Computer Hardware
Shares Out 268 (M)
Shares Float 3,930 (M)
Held by Insiders 0 (%)
Held by Institutions 21.4 (%)
Shares Short 23,450 (K)
Shares Short P.Month 22,680 (K)
Stock Financials
EPS -1.56
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 1.49
Profit Margin -158.7 %
Operating Margin -63.8 %
Return on Assets (ttm) -36.2 %
Return on Equity (ttm) -74.7 %
Qtrly Rev. Growth -2.8 %
Gross Profit (p.s.) 0
Sales Per Share 0.7
EBITDA (p.s.) -1.02
Qtrly Earnings Growth 0 %
Operating Cash Flow -186 (M)
Levered Free Cash Flow -17 (M)
Stock Valuations
PE Ratio -1.71
PEG Ratio 0
Price to Book value 1.78
Price to Sales 3.75
Price to Cash Flow -3.84
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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