Overall market sentiment has been down on Canaan Inc - ADR (CAN) stock lately. CAN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Canaan Inc - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CAN!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With CAN Stock Today?
Canaan Inc - ADR (CAN) stock is down -3.63% while the S&P 500 is up 1.59% as of 1:26 PM on Thursday, Dec 2. CAN has fallen -$0.31 from the previous closing price of $8.55 on volume of 2,081,772 shares. Over the past year the S&P 500 is higher by 25.18% while CAN is up 75.32%. CAN earned $0.49 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.66.
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More About Canaan Inc - ADR
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The equipment manufactured by Canaan is sold to many countries including China, the United States, Hong Kong, and other foreign countries. It derives a vast majority of the revenue from China. Its product includes Kanzhi Al and Avalon Mining Machine.
Click Here to get the full Stock Report for Canaan Inc - ADR stock.
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