Institutional Exposure To Canaan Inc. (CAN)


Invesco Capital Management LLC has recently announced that it has increased stake in Canaan Inc. (NASDAQ:CAN) by 109.47%. After grabbing 0.8 million shares, the institutional investor is now in possession of 0.42 million shares of the Technology Company. The new investment brought the stake of investor firm to 0.60% having worth around $2.0 million. Moreover, CSat Investment Advisory LP increased its share by 0.2 million to have a control over 0.41 million shares. And Toroso Investments LLC raised its holdings to 0.2 million shares by acquiring 0.41 million shares or 0.31% of the stake.

Canaan Inc. (CAN) concluded trading on 08/26/20 at a closing price of $1.94, with 1.24 million shares of worth about $2.41 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -4.43% during that period and on Wednesday the price saw a loss of about -1.52%. Currently the company’s common shares owned by public are about 158.15M shares, out of which, 132.90M shares are available for trading.

Invesco Mkts. II Plc – Elwood Glo, Amplify Transformational Data Sha, and Reality Shares NASDAQ NexGen Econ are the top 3 mutual funds which are holding stakes in Canaan Inc. Invesco Mkts. II Plc – Elwood Glo is currently holding 0.91 million shares of worth totaling $2.29 million. The company recently came buying 16934.0 shares which brought its stake up to 0.69% of the company’s outstanding shares. Reality Shares NASDAQ NexGen Econ, after buying 0.12 million shares, have now control over 0.09% of the stake in the company. It holds 0.0 shares of worth $0.29 million.

Canaan Inc. (NASDAQ: CAN) started trading at $1.93, below -$0.04 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $1.94, or with a loss of -1.52%. Stock saw a price change of -4.43% in past 5 days and over the past one month there was a price change of -25.10%. Over the period of past 52 weeks, stock dropped to lowest price of $1.76 but also hit the highest price of $13.00 during that period. While comparing its average daily trading volume of 3.65 million shares, we see that about 1.24 million changed hands on the day. The stock is currently trading -14.84% below its 20-day simple moving average (SMA20), while that difference is down -8.65% for SMA50 and it goes to -53.15% lower than SMA200.

Invesco Capital Management LLC acquired 0.8 million shares of Canaan Inc. having value of about $2.0 million. Data submitted at the U.S SEC by Invesco Capital Management LLC revealed that the firm now holds 0.42 million shares in the company valued at close to $809069.24, or have control over 109.47% stake in the company. Canaan Inc. (NASDAQ: CAN) currently have 158.15M outstanding shares and institutions hold larger chunk of about 1.50% of that. Holding of mutual funds in the company is about 0.37% while other institutional holders and individual stake holders have control over 1.13% and — of the stake respectively.

The stock has a current market capitalization of $311.68M. It has posted earnings per share of -$0.92 in the same period. It has Quick Ratio of 2.40 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAN, volatility over the week remained 5.10% while standing at 8.75% over the month.

Stock’s fiscal year EPS is expected to drop by -945.00%.


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