Canaan Inc ADR (NASDAQ: CAN) Dropped -43.08% In 6 Months – Here’s What Might Happen Next

Canaan Inc ADR (NASDAQ:CAN)’s traded shares stood at 6.41 million during the last session, with the company’s beta value hitting 3.06. At the close of trading, the stock’s price was $1.11, to imply an increase of 0.91% or $0.01 in intraday trading. The CAN share’s 52-week high remains $3.50, putting it -215.32% down since that peak but still an impressive 3.6% since price per share fell to its 52-week low of $1.07. The company has a valuation of $166.80M, with an average of 16.82 million shares over the past 3 months.

Canaan Inc ADR (NASDAQ:CAN) trade information

After registering a 0.91% upside in the last session, Canaan Inc ADR (CAN) has traded red over the past five days. The stock hit a weekly high of 1.3300, jumping 0.91% in its intraday price action. The 5-day price performance for the stock is -13.95%, and -14.62% over 30 days. With these gigs, the year-to-date price performance is -51.95%.

Canaan Inc ADR (CAN) estimates and forecasts

Looking at statistics comparing Canaan Inc ADR share performance against respective industry, we note that the company has outperformed competitors. Canaan Inc ADR (CAN) shares are -43.08% down over the last 6 months, with its year-to-date growth rate higher than industry average at 17.18% against 14.70%.

CAN Dividends

Canaan Inc ADR has its next earnings report out between May 24 and May 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Canaan Inc ADR has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.