Canaan Inc. (NASDAQ:CAN) does about 3.65M shares in volume on a normal day but saw 4796985 shares change hands in Monday trading. The company now has a market cap of 300.47M USD and an enterprise value of about $261.25M. Its current market price is $2.01, marking an increase of 2.03% compared to the previous close of $1.97. The 52 week high reached by this stock is $13.00 whilst the lowest price level in 52 weeks is $1.76. The script in recent trading has seen the stock touch a high of $2.29 and a low of $2.00.
Canaan Inc. (CAN) has a 20-day trading average at $2.14 and the current price is -84.54% off the 52-week high compared with 14.20% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.12 . If we look at the stock’s price movements over the week, volatility stands at 7.47%, which increases to 8.84% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.61 to suggest the stock is neutral.
The current price level is -7.59%, -5.28%, and -51.06% away from its SMA20, SMA50, and SMA200 respectively, with the CAN price moving above the 50-day SMA on August 31. Canaan Inc. (CAN) stock is up 5.24% over the week and -19.60% over the past month. Its price is -67.05% year-to-date.
Outstanding shares total 158.15M with insiders holding 0.00% of the shares and institutional holders owning 2.99% of the company’s common stock. The company has a return on investment of -128.60% and return on equity of -130.70%. Price to book ratio is 3.30 and price to sales ratio is 1.43.
According to a U.S. Securities and Exchange Commission filing, Invesco Mkts II Plc – Elwood Glo has added its position in Canaan Inc. (CAN) to 914,472 shares, mirroring a recent increase by 1.89%. Invesco Mkts II Plc – Elwood Glo added 16934.0 shares of Canaan Inc. common stock bringing its total worth to about $2.29 million at the end of recent close, SEC documents show. Invesco Mkts II Plc – Elwood Glo isn’t the only investment manager who changed stakes and is followed by Amplify Transformational Data Sha, which sold off 0.0 shares to end up with 421,287 shares worth $1.05 million. Reality Shares NASDAQ NexGen Econ cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.09% position in Canaan Inc. thanks to 0.12 million shares amounting to $0.29 million.