Canon ADR (CAJ, $22.10) beat Q4 earnings estimates
Canon ADR reported fourth quarter earnings of ¥0.4633 per share, compared to ¥0.3603 expected by analysts polled by Investing.com.
Revenue of ¥9.08B. also beat analysts’ expected ¥8.78B.
For fiscal year, net income attributable to Canon Inc. was 83.32 billion yen, down -33.3% . Earnings per share was 79.35 yen compared to 116.77 yen. Net sales fell -12.2% to 3.16 trillion yen.
Looking ahead, Canon expects fiscal 2021 full-year consolidated net sales of 3.40 trillion yen, and net income attributable to company of 115.0 billion yen (+38% year-on-year increase).
CAJPY's Stochastic Oscillator is staying in overbought zone for 8 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CAJPY moved out of overbought territory on May 26, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 similar instances where the indicator moved out of overbought territory. In of the 22 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CAJPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CAJPY broke above its upper Bollinger Band on May 19, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 15, 2023. You may want to consider a long position or call options on CAJPY as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CAJPY just turned positive on May 17, 2023. Looking at past instances where CAJPY's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for CAJPY moved above the 200-day moving average on May 22, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CAJPY advanced for three days, in of 278 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 151 cases where CAJPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.130) is normal, around the industry mean (4.100). P/E Ratio (14.085) is within average values for comparable stocks, (45.077). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (89.081). Dividend Yield (0.036) settles around the average of (0.046) among similar stocks. P/S Ratio (0.868) is also within normal values, averaging (11.777).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CAJPY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CAJPY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of digital multifunction devices, plain paper copying machines, laser beam printers, jet printers, cameras and steppers and aligners
Industry ComputerPeripherals
CAJPY and
Correlation & Price change
A.I.dvisor indicates that over the last year, CAJPY has been loosely correlated with HPQ. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if CAJPY jumps, then HPQ could also see price increases.
| Ticker / NAME | Correlation To CAJPY | 1D Price Change % | ||
|---|---|---|---|---|
| CAJPY | 100% | -0.44% | ||
| HPQ - CAJPY | 44% Loosely correlated | -1.18% | ||
| WDC - CAJPY | 42% Loosely correlated | +0.60% | ||
| DELL - CAJPY | 39% Loosely correlated | -2.45% | ||
| CRSR - CAJPY | 38% Loosely correlated | -0.53% | ||
| LOGI - CAJPY | 36% Loosely correlated | -1.17% | ||
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