Currently, there are 286.84M common shares owned by the public and among those 267.47M shares have been available to trade.
The company’s stock has a 5-day price change of 8.89% and -60.39% over the past three months. CAN shares are trading -63.48% year to date (YTD), with the 12-month market performance down to -11.62% lower. It has a 12-month low price of $0.53 and touched a high of $3.27 over the same period. CAN has an average intraday trading volume of 16.17 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 4.63%, -15.23%, and -44.58% respectively.
Institutional ownership of Canaan Inc ADR (NASDAQ: CAN) shares accounts for 28.14% of the company’s 286.84M shares outstanding.
It has a market capitalization of $214.73M and a beta (3y monthly) value of 3.45. The earnings-per-share (ttm) stands at -$0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.52% over the week and 9.32% over the month.
Earnings per share for the fiscal year are expected to increase by 126.49%, and 123.18% over the next financial year.
Looking at the support for the CAN, a number of firms have released research notes about the stock. The Benchmark Company stated their Buy rating for the stock in a research note on May 06, 2025, with the firm’s price target at $3. Compass Point coverage for the Canaan Inc ADR (CAN) stock in a research note released on March 18, 2025 offered a Buy rating with a price target of $2.50. B. Riley Securities was of a view on September 18, 2024 that the stock is Buy, while Rosenblatt gave the stock Buy rating on September 11, 2024, issuing a price target of $3. H.C. Wainwright on their part issued Buy rating on July 06, 2022.
