Canaan Inc. [NASDAQ: CAN] surged by $0.21 during the normal trading session on Monday and reaching a high of $20.40 during the day while it closed the day at $17.61. The company report on March 29, 2021 that Canaan Inc. to Report Fourth Quarter and Full Year 2020 Financial Results on April 12, 2021.
Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that it plans to release its fourth quarter and full year 2020 financial results before the market opens on Monday, April 12, 2021.
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The Company’s management team will hold a Direct Event conference call on Monday, April 12, 2021, at 8:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows:.
Canaan Inc. stock has also loss -23.33% of its value over the past 7 days. However, CAN stock has inclined by 372.12% in the 3 months of the year. Over the past six months meanwhile, it has gained 780.50% and gained 196.96% year-on date.
The market cap for CAN stock reached $2.89 billion, with 156.67 million shares outstanding and 109.03 million shares in the current float. Compared to the average trading volume of 19.56M shares, CAN reached a trading volume of 20157123 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Canaan Inc. [CAN]:
The Average True Range (ATR) for Canaan Inc. is set at 4.85, with the Price to Sales ratio for CAN stock in the period of the last 12 months amounting to 21.65. The Price to Book ratio for the last quarter was 33.23, with the Price to Cash per share for the same quarter was set at 0.36.
CAN stock trade performance evaluation
Canaan Inc. [CAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.33. With this latest performance, CAN shares gained by 16.16% in over the last four-week period, additionally plugging by 780.50% over the last 6 months – not to mention a rise of 477.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAN stock in for the last two-week period is set at 43.56, with the RSI for the last a single of trading hit 36.46, and the three-weeks RSI is set at 47.59 for Canaan Inc. [CAN]. The present Moving Average for the last 50 days of trading for this stock 16.26, while it was recorded at 18.43 for the last single week of trading, and 6.13 for the last 200 days.
Canaan Inc. [CAN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Canaan Inc. [CAN] shares currently have an operating margin of -74.04 and a Gross Margin at -37.10. Canaan Inc.’s Net Margin is presently recorded at -72.72.
Return on Total Capital for CAN is now -98.67, given the latest momentum, and Return on Invested Capital for the company is -219.39. Return on Equity for this stock declined to -222.53, with Return on Assets sitting at -86.38. When it comes to the capital structure of this company, Canaan Inc. [CAN] has a Total Debt to Total Equity ratio set at 21.74. Additionally, CAN Total Debt to Total Capital is recorded at 17.86, with Total Debt to Total Assets ending up at 15.19. Long-Term Debt to Equity for the company is recorded at 1.93, with the Long-Term Debt to Total Capital now at 1.59.
Reflecting on the efficiency of the workforce at the company, Canaan Inc. [CAN] managed to generate an average of -$449,595 per employee. Receivables Turnover for the company is 8.90 with a Total Asset Turnover recorded at a value of 1.19.Canaan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 4.10.
Canaan Inc. [CAN]: Insider Ownership positions
22 institutional holders increased their position in Canaan Inc. [NASDAQ:CAN] by around 8,134,132 shares. Additionally, 12 investors decreased positions by around 2,362,500 shares, while 0 investors held positions by with 1,704,926 shares. The mentioned changes placed institutional holdings at 12,201,558 shares, according to the latest SEC report filing. CAN stock had 15 new institutional investments in for a total of 4,321,949 shares, while 9 institutional investors sold positions of 1,566,283 shares during the same period.