Canaan Inc. (NASDAQ:CAN) has a beta value of 0 and has seen 11,521,856 shares traded in the last trading session. The company, currently valued at $1.98 Billion, closed the last trade at $12.51 per share which meant it lost -$0.51 on the day or -3.92% during that session. The CAN stock price is -212.55% off its 52-week high price of $39.1 and 85.93% above the 52-week low of $1.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.8 Million shares traded. The 3-month trading volume is 18.87 Million shares.
The consensus among analysts is that Canaan Inc. (CAN) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight.
Canaan Inc. (NASDAQ:CAN) trade information
Despite being -3.92% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the CAN stock price touched $15.02- or saw a rise of 16.71%. Year-to-date, Canaan Inc. shares have moved 110.96%, while the 5-day performance has seen it change -6.36%. Over the past 30 days, the shares of Canaan Inc. (NASDAQ:CAN) have changed -41.16%. Short interest in the company has seen 10.86 Million shares shorted with days to cover at 0.58.
Canaan Inc. (CAN) estimates and forecasts
Earnings growth for 2021 is a modest +79%.
Canaan Inc. (NASDAQ:CAN)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 12.78% with a share float percentage of 12.78%. Investors are also buoyed by the number of investors in a company, with Canaan Inc. having a total of 42 institutions that hold shares in the company. The top two institutional holders are Invesco Ltd. with over 4.35 Million shares worth more than $25.78 Million. As of December 30, 2020, Invesco Ltd. held 2.8% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 2.28 Million shares as of December 30, 2020. The firm’s total holdings are worth over $13.5 Million and represent 1.47% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity China Region Fund and Amplify Transformational Data Sharing ETF. As of February 27, 2021, the former fund manager holds about 1.47% shares in the company for having 2276163 shares of worth $34.51 Million while later fund manager owns 2.04 Million shares of worth $42.12 Million as of March 30, 2021, which makes it owner of about 1.31% of company’s outstanding stock.
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