Canaan Inc. (NASDAQ:CAN) concluded the trading at $5.10 on Thursday, January 13 with a fall of -4.49% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $5.34 and 5Y monthly beta was reading 4.23 with its price kept floating in the range of $5.06 and $5.45 on the day. Company’s P/E ratio for the trailing 12 months is 10.34. Considering stock’s 52-week price range provides that CAN hit a high price of $39.10 and saw its price falling to a low level of $4.30 during that period. Over a period of past 1-month, stock came subtracting -8.27% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CAN stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 0 of them are recommending Canaan Inc. (CAN) as a Hold, while 1 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the CAN stock which is currently positioned at 0. It further provides that stock’s current price level is 0.19% away from its 20-day simple moving average and is -28.65% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 41.76 while volatility remained at 6.85% over the past week which changes to 7.26% when measuring it over the past month. Average true range or ATR is currently at 0.41.
Having a second look at Canaan Inc. (NASDAQ:CAN) provides that stock’s average daily trading volume for 3 months was 5.06 million. Number of outstanding shares of the stock stood at 174.36 million.
Subtraction of -0.97% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.