Canaan Inc Stock Price on October 14, 2024
| CAN Stock | USD 2.08 0.11 5.58% |
Below is the normalized historical share price chart for Canaan Inc extending back to November 21, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canaan stands at 2.08, as last reported on the 25th of November, with the highest price reaching 2.15 and the lowest price hitting 1.88 during the day.
If you're considering investing in Canaan Stock, it is important to understand the factors that can impact its price. Canaan is dangerous given 3 months investment horizon. Canaan Inc secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.33% are justified by taking the suggested risk. Use Canaan Risk Adjusted Performance of 0.1374, mean deviation of 5.73, and Downside Deviation of 5.91 to evaluate company specific risk that cannot be diversified away.
At this time, Canaan's Common Stock Shares Outstanding is very stable compared to the past year. As of the 25th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 568.5 M, while Total Stockholder Equity is likely to drop about 316.2 M. . As of the 25th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0, while Price To Sales Ratio is likely to drop 1.78. Canaan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 20th of November 2019 | 200 Day MA 1.1611 | 50 Day MA 1.0772 | Beta 3.067 |
Canaan |
Sharpe Ratio = 0.159
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Estimated Market Risk
| 8.39 actual daily | 74 74% of assets are less volatile |
Expected Return
| 1.33 actual daily | 26 74% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Canaan is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canaan by adding it to a well-diversified portfolio.
Price Book 1.7983 | Enterprise Value Ebitda 0.5978 | Price Sales 2.9995 | Shares Float 3.9 B | Wall Street Target Price 2.48 |
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Canaan Valuation on October 14, 2024
It is possible to determine the worth of Canaan on a given historical date. On October 14, 2024 Canaan was worth 1.0 at the beginning of the trading date compared to the closed value of 1.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canaan stock. Still, in general, we apply an absolute valuation method to find Canaan's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canaan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canaan's related companies.
| Open | High | Low | Close | Volume | |
| 0.94 | 0.98 | 0.93 | 0.96 | 5,235,900 | |
10/14/2024 | 1.00 | 1.02 | 0.97 | 1.01 | 4,696,489 |
| 0.98 | 1.02 | 0.97 | 0.97 | 4,591,034 |
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Canaan Trading Date Momentum on October 14, 2024
| On October 15 2024 Canaan Inc was traded for 0.97 at the closing time. Highest Canaan's price during the trading hours was 1.02 and the lowest price during the day was 0.97 . The net volume was 4.6 M. The overall trading history on the 15th of October 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 3.96% . The overall trading delta to current price is 3.96% . |
Canaan Inc Fundamentals Correlations and Trends
By evaluating Canaan's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canaan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canaan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canaan Stock history
Canaan investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canaan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canaan Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canaan stock prices may prove useful in developing a viable investing in Canaan
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 171.9 M | 173.7 M | |
| Net Income Applicable To Common Shares | 559.3 M | 318.1 M |
Canaan Quarterly Net Working Capital |
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Canaan Stock Technical Analysis
Canaan technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Canaan Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
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Canaan November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Canaan stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canaan shares will generate the highest return on investment. By undertsting and applying Canaan stock market strength indicators, traders can identify Canaan Inc entry and exit signals to maximize returns
Canaan Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canaan's price direction in advance. Along with the technical and fundamental analysis of Canaan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canaan to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1374 | |||
| Jensen Alpha | 0.9274 | |||
| Total Risk Alpha | 0.0713 | |||
| Sortino Ratio | 0.213 | |||
| Treynor Ratio | 0.3688 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canaan. If investors know Canaan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canaan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share (1.43) | Revenue Per Share 0.867 | Quarterly Revenue Growth (0.03) | Return On Assets (0.36) |
The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.