Canaan Inc ADR (CAN) concluded trading on Wednesday at a closing price of $0.97, with 5.43 million shares of worth about $5.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.13% during that period and on October 23, 2024 the price saw a loss of about -3.93%. Currently the company’s common shares owned by public are about 213.56M shares, out of which, 149.26M shares are available for trading.
Stock saw a price change of -2.97% in past 5 days and over the past one month there was a price change of 3.44%. Year-to-date (YTD), CAN shares are showing a performance of -58.00% which decreased to -43.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.72 but also hit the highest price of $3.50 during that period. The average intraday trading volume for Canaan Inc ADR shares is 5.17 million. The stock is currently trading -2.84% below its 20-day simple moving average (SMA20), while that difference is down -0.97% for SMA50 and it goes to -18.99% lower than SMA200.
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Canaan Inc ADR (NASDAQ: CAN) currently have 213.56M outstanding shares and institutions hold larger chunk of about 19.60% of that.
The stock has a current market capitalization of $265.61M and its 3Y-monthly beta is at 3.09. It has posted earnings per share of -$1.55 in the same period. It has Quick Ratio of 1.18 while making debt-to-equity ratio of 0.06. 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 4.90% while standing at 5.79% over the month.
Stock’s fiscal year EPS is expected to rise by 75.46% while it is estimated to increase by 80.00% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on September 18, 2024 offering a Buy rating for the stock and assigned a target price of $2 to it. Coverage by Rosenblatt stated Canaan Inc ADR (CAN) stock as a Buy in their note to investors on September 11, 2024, suggesting a price target of $3 for the stock. On July 06, 2022, H.C. Wainwright Initiated their recommendations, while on June 08, 2022, The Benchmark Company Initiated their ratings for the stock with a price target of $9. Stock get a Buy rating from DA Davidson on April 05, 2022.
