Canon Inc. (CAJ) Is A Stock You Should Watch


As of Wednesday close, Canon Inc.’s (NYSE:CAJ) stock was up $0.15, moving up 0.66 percent to $23.05. The average number of shares traded per day over the past five days has been 215,240 shares. 4 times new highs have been achieved over the past 5 days, with a $0.68 gain in that time frame. In the last twenty days, the average volume was 373,760, while in the previous 50 days, it was 468,406.

Since last month, CAJ stock rose 0.13%. Shares of the company fell to $20.84 on 11/03/22, the lowest level in the past month. A 52-week high of $25.79 was reached on 08/12/22 after having rallying from a 52-week low of $20.84. Since the beginning of this year, CAJ’s stock price has dropped by -5.65% or -$1.38, and marked a new high 11 times. However, the stock has declined by -10.62% since its 52-week high.

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Valuation Metrics

Right now, Canon Inc. (CAJ) has a P/E ratio of about 15.33. The stock’s beta is 0.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.11, the price-to-book (PB) ratio of 1.06.

The latest dividend of $0.5990 per share was paid out, which is 4.17% more than last year’s $0.5750. On Monday August 26 2019, a $0.0240 dividend increase was announced.

Financial Health

In the three months ended September 29, Canon Inc.’s quick ratio stood at 1.10, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.06, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is 45.60% percent. In the year ended September 29, EBITDA margin amounted to 14.32%, whereas operating margins totaled 8.60%. Based on annual data, CAJ earned $14.81 billion in gross profit and brought in $31.97 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.80%. Return on equity (ROE) for the past 12 months was 7.20%.

In Canon Inc.’s quarter-end financial report for September 29, it reported total debt of $1.47 billion against cash and short-term investments of $27.54 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CAJ’s revenue rose 0.06% during the quarter, while net income inched up to $28.66 billion. While analysts expected Canon Inc. to report $0.48 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by -20.80%. During the quarter, the company generated $927.7 million in EBITDA. The liabilities of Canon Inc. were 14.02 billion at the end of its most recent quarter ended September 29, and its total debt was $533.36 billion.

Technical Picture

This quick technical analysis looks at Canon Inc.’s (CAJ) price momentum. With a historical volatility rate of 16.17%, the RSI 9-day stood at 65.39% on 23 November.

With respect to its five-day moving average, the current Canon Inc. price is up by +3.04% percent or $0.68. At present, CAJ shares trade +8.11% above its 20-day simple moving average and +1.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.92% above its SMA50 and -6.41% below its SMA200.

Stochastic coefficient K was 93.47% and Stochastic coefficient D was 92.07%, while ATR was 0.37. Given the Stochastic reading of 97.85% for the 14-day period, the RSI (14) reading has been calculated as 60.30%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.41.


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