Canaan Inc ADR (CAN) concluded trading on Wednesday at a closing price of $1.78, with 8.47 million shares of worth about $15.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 106.98% during that period and on February 19, 2025 the price saw a gain of about 1.71%. Currently the company’s common shares owned by public are about 267.51M shares, out of which, 267.47M shares are available for trading.
Stock saw a price change of 1.71% in past 5 days and over the past one month there was a price change of -11.44%. Year-to-date (YTD), CAN shares are showing a performance of -13.17% which decreased to -22.94% 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 $3.27 during that period. The average intraday trading volume for Canaan Inc ADR shares is 19.62 million. The stock is currently trading -7.17% below its 20-day simple moving average (SMA20), while that difference is down -17.78% for SMA50 and it goes to 29.19% higher than SMA200.
Canaan Inc ADR (NASDAQ: CAN) currently have 267.51M outstanding shares and institutions hold larger chunk of about 29.53% of that.
The stock has a current market capitalization of $476.17M and its 3Y-monthly beta is at 3.34. It has posted earnings per share of -$1.35 in the same period. It has Quick Ratio of 0.96 while making debt-to-equity ratio of 0.09. 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 6.33% while standing at 9.30% over the month.
Stock’s fiscal year EPS is expected to rise by 70.86% while it is estimated to increase by 175.79% 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.
