Currently, there are 213.56M common shares owned by the public and among those 149.26M shares have been available to trade.
The company’s stock has a 5-day price change of 16.76% and 3.88% over the past three months. CAN shares are trading -53.68% year to date (YTD), with the 12-month market performance down to -40.56% lower. It has a 12-month low price of $0.72 and touched a high of $3.50 over the same period. CAN has an average intraday trading volume of 5.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.54%, 8.43%, and -20.31% respectively.
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Institutional ownership of Canaan Inc ADR (NASDAQ: CAN) shares accounts for 21.64% of the company’s 213.56M shares outstanding.
It has a market capitalization of $292.90M and a beta (3y monthly) value of 3.08. The earnings-per-share (ttm) stands at -$1.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.86% over the week and 8.36% over the month.
Earnings per share for the fiscal year are expected to increase by 83.44%, and 59.26% over the next financial year.
Looking at the support for the CAN, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on September 11, 2024, with the firm’s price target at $3. H.C. Wainwright coverage for the Canaan Inc ADR (CAN) stock in a research note released on July 06, 2022 offered a Buy rating with a price target of $5. The Benchmark Company was of a view on June 08, 2022 that the stock is Buy, while DA Davidson gave the stock Buy rating on April 05, 2022, issuing a price target of $15.
