Canaan Inc. (CAN) saw an uptrend of 14.29% in the recent, registering $2.24 being its most recent bid. The distance of current price level is -82.77% lower than the highest price of $13.00 marked by the stock while trading over the past 52-weeks, whereas it is 27.27% higher than the lowest price of $1.76 the company dropped to over past 52-weeks. The latest news story on CAN appeared in Simply Wall St. under the title “What Type Of Shareholders Own The Most Number of Canaan Inc. (NASDAQ:CAN) Shares?” on Oct-15-20.
Squeezing the time span to 30 day period shows us the stock currently buoying -3.45% below one month high and is +23.76% above of the lowest during that time. Looking into the simple moving average, Canaan Inc. (CAN)’s stock is currently standing at a SMA-50 of $1.96 while that of 5-day is reading $1.97.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CAN’s SMA-200 at this time is reading $3.32.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). Institutions currently hold 156.68 million of CAN’s outstanding shares. That indicates a holding of about 1.60% or $29.12 of worth by institutional holders in the company.
As on Jun 29, 2020, Invesco Ltd. was the top most holder in Canaan Inc. (NASDAQ:CAN) with an ownership of 0.8 million shares of the company or 0.59% of the stake worth $1.52 million. The filing also reveals CSat Investment Advisory, L.P. as the second largest holder in the company with a control over 0.31% of the stake or worth of $0.78 million for having 0.41 million shares in hand.
Toroso Investments, LLC also came increasing its position in the company during the recent quarter and it now holds 0.31% of the outstanding shares. With this there are now 13 institutions which have been in possession of CAN’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, liquidity recorded by Canaan Inc. was 3.30 while posting a debt to equity ratio of 0.30. The count was 1.93 for long-term debt to equity ratio.
Company attained a return on equity (ROE) of -104.60% in past 12 months against the same posted by peer companies of the relevant industry. The rising figure indicates that CAN came strengthening itself from within over the past one year. A comparison of company’s ROE with that of the Computer Hardware industry and with the broader scale at the Technology sector level shows that industry’s average ROE is 4.34.
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term average volume of a stock is an effective way to make use of. When looking into those indicators for Canaan Inc. (CAN), we notice that the stock’s 20-day average volume is at 1,589,980 shares and 50% of that short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 1,899,360 shares. And to end with, CAN’s 100-day average volume are 3,017,775 shares with 50% of the long-term indicators pointing towards Sell for the stock.