Currently, there are 267.51M 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 -18.88% and 146.83% over the past three months. CAN shares are trading 0.43% year to date (YTD), with the 12-month market performance down to -9.73% 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 14.83 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 -4.70%, 33.29%, and 88.40% respectively.
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Institutional ownership of Canaan Inc ADR (NASDAQ: CAN) shares accounts for 19.95% of the company’s 267.51M shares outstanding.
It has a market capitalization of $635.08M and a beta (3y monthly) value of 3.25. 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 14.98% over the week and 15.97% over the month.
Analysts forecast that Canaan Inc ADR (CAN) will achieve an EPS of -0.8 for the current quarter, -0.07 for the next quarter and 0.85 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.87 while analysts give the company a high EPS estimate of -0.87. Comparatively, EPS for the current quarter was -2.16 a year ago. Earnings per share for the fiscal year are expected to increase by 70.90%, and 117.11% 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.
