Canaan Inc. (CAN): Skating on Thin Ice? We Know the Answer

Canaan Inc. (NASDAQ:CAN) went up by 43.05% from its latest closing price compared to the recent 1-year high of $22.25. The company’s stock price has collected 132.77% of gains in the last five trading sessions. Press Release reported on 02/10/21 that Canaan Announces Improved Revenue Visibility in 2021

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Is It Worth Investing in Canaan Inc. (NASDAQ :CAN) Right Now?

Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Canaan Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”


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CAN currently public float of 109.13M and currently shorts hold a 7.87% ratio of that float. Today, the average trading volume of CAN was 13.85M shares.

CAN’s Market Performance

CAN stocks went up by 132.77% for the week, with a monthly jump of 401.82% and a quarterly performance of 646.69%, while its annual performance rate touched 365.98%. The volatility ratio for the week stands at 31.89% while the volatility levels for the past 30 days are set at 17.40% for Canaan Inc.. The simple moving average for the period of the last 20 days is 199.50% for CAN stocks with a simple moving average of 613.50% for the last 200 days.

CAN Trading at 305.09% from the 50-Day Moving Average

After a stumble in the market that brought CAN to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 11.42% of gains for the given period.

Volatility was left at 17.40%, however, over the last 30 days, the volatility rate increased by 31.89%, as shares surge +416.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +561.07% upper at present.

During the last 5 trading sessions, CAN rose by +132.77%, which changed the moving average for the period of 200-days by +428.57% in comparison to the 20-day moving average, which settled at $9.28. In addition, Canaan Inc. saw 318.04% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CAN

Current profitability levels for the company are sitting at:

  • -74.04 for the present operating margin
  • -37.10 for the gross margin

The net margin for Canaan Inc. stands at -72.72. The total capital return value is set at -98.67, while invested capital returns managed to touch -219.39. Equity return is now at value -148.10, with -104.60 for asset returns.

Based on Canaan Inc. (CAN), the company’s capital structure generated 21.74 points at debt to equity in total, while total debt to capital is 17.86. Total debt to assets is 15.19, with long-term debt to equity ratio resting at 1.93. Finally, the long-term debt to capital ratio is 1.59.

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When we switch over and look at the enterprise to sales, we see a ratio of 3.63, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 8.90 and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.30.

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