Canaan Inc - ADR (CAN) stock is down 0.60% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CAN Stock Today?
Canaan Inc - ADR (CAN) stock has gained 14.68% while the S&P 500 is lower by -0.12% as of 10:02 AM on Monday, Jun 14. CAN has risen $1.28 from the previous closing price of $8.72 on volume of 3,568,285 shares. Over the past year the S&P 500 is up 38.34% while CAN has risen 405.05%. CAN lost -$0.17 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Canaan Inc - ADR click here.
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 Score Report on Canaan Inc - ADR (CAN) Stock.
