During the last session, Canaan Inc ADR (NASDAQ:CAN)’s traded shares were 11.23 million, with the beta value of the company hitting 3.08. At the end of the trading day, the stock’s price was $0.99, reflecting an intraday gain of 4.24% or $0.04. The 52-week high for the CAN share is $3.50, that puts it down -253.54 from that peak though still a striking 24.24% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $211.72M, and the average trade volume was 17.28 million shares over the past three months.
Canaan Inc ADR (NASDAQ:CAN) trade information
Canaan Inc ADR (CAN) registered a 4.24% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.24% in intraday trading to $0.99, hitting a weekly high. The stock’s 5-day price performance is -10.68%, and it has moved by -30.18% in 30 days. Based on these gigs, the overall price performance for the year is -60.34%.
Canaan Inc ADR (CAN) estimates and forecasts
Statistics show that Canaan Inc ADR has outperformed its competitors in share price, compared to the industry in which it operates. Canaan Inc ADR (CAN) shares have gone down -42.02% during the last six months, with a year-to-date growth rate more than the industry average at 17.18% against 15.20. In the rating firms’ projections, revenue will increase 20.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 30.23M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 67.51M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 50.1M and 69.92M respectively. In this case, analysts expect current quarter sales to shrink by -39.70% and then drop by -3.40% in the coming quarter.
While earnings are projected to return 50.61% in 2024.
CAN Dividends
Canaan Inc ADR is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
