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 19.39% and 85.85% over the past three months. CAN shares are trading -14.72% year to date (YTD), with the 12-month market performance up to 22.36% higher. 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 8.30 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 33.70%, 65.45%, and 68.01% respectively.
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Institutional ownership of Canaan Inc ADR (NASDAQ: CAN) shares accounts for 20.13% of the company’s 213.56M shares outstanding.
It has a market capitalization of $539.27M and a beta (3y monthly) value of 3.15. The earnings-per-share (ttm) stands at -$1.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.91% over the week and 16.04% over the month.
Earnings per share for the fiscal year are expected to increase by 72.55%, and 86.03% over the next financial year.
Looking at the support for the CAN, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on September 18, 2024, with the firm’s price target at $2. Rosenblatt coverage for the Canaan Inc ADR (CAN) stock in a research note released on September 11, 2024 offered a Buy rating with a price target of $3. H.C. Wainwright was of a view on July 06, 2022 that the stock is Buy, while The Benchmark Company gave the stock Buy rating on June 08, 2022, issuing a price target of $9. DA Davidson on their part issued Buy rating on April 05, 2022.
