Canaan Inc. (NASDAQ:CAN) went up by 7.31% from its latest closing price compared to the recent 1-year high of $39.10. The company’s stock price has collected -3.67% of loss in the last five trading sessions. Press Release reported on 01/04/22 that Canaan Expands its Mining Operations with Deployment of Over 10,000 Mining Machines
Is It Worth Investing in Canaan Inc. (NASDAQ :CAN) Right Now?
Canaan Inc. (NASDAQ:CAN) scored a price-to-earnings ratio above its average ratio, recording 10.12 x from its present earnings ratio. Opinions of the stock are interesting as 1 analysts out of 1 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.”
CAN currently public float of 129.20M and currently shorts hold a 6.30% ratio of that float. Today, the average trading volume of CAN was 5.11M shares.
CAN’s Market Performance
CAN stocks went down by -3.67% for the week, with a monthly drop of -14.11% and a quarterly performance of -22.87%, while its annual performance rate touched -11.68%. The volatility ratio for the week stands at 7.86% while the volatility levels for the past 30 days are set at 7.27% for Canaan Inc.. The simple moving average for the period of the last 20 days is -2.80% for CAN stocks with a simple moving average of -44.03% for the last 200 days.
CAN Trading at -31.57% 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 unable to rebound, for now settling with -87.24% of loss for the given period.
Volatility was left at 7.27%, however, over the last 30 days, the volatility rate increased by 7.86%, as shares sank -11.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.77% lower at present.
During the last 5 trading sessions, CAN fell by -3.67%, which changed the moving average for the period of 200-days by -71.66% in comparison to the 20-day moving average, which settled at $5.10. In addition, Canaan Inc. saw -3.11% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CAN
Current profitability levels for the company are sitting at:
- -56.71 for the present operating margin
- +5.84 for the gross margin
The net margin for Canaan Inc. stands at -48.05. The total capital return value is set at -37.32, while invested capital returns managed to touch -37.09. Equity return is now at value 42.40, with 21.30 for asset returns.
Based on Canaan Inc. (CAN), the company’s capital structure generated 14.95 points at debt to equity in total, while total debt to capital is 13.00. Total debt to assets is 6.24, with long-term debt to equity ratio resting at 0.77. Finally, the long-term debt to capital ratio is 0.67.
When we switch over and look at the enterprise to sales, we see a ratio of 1.54, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 3.36 and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.