In last trading session, Canaan Inc ADR (NASDAQ:CAN) saw 5.18 million shares changing hands with its beta currently measuring 3.11. Company’s recent per share price level of $0.87 trading at -$0.01 or -0.19% at ring of the bell on the day assigns it a market valuation of $186.50M. That closing price of CAN’s stock is at a discount of -302.3% from its 52-week high price of $3.50 and is indicating a premium of 13.79% from its 52-week low price of $0.75. Taking a look at company’s average trading volume volume of 16.83 million if we extend that period to 3-months.

Canaan Inc ADR (NASDAQ:CAN) trade information

Upright in the red during last session for losing -0.19%, in the last five days CAN remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $0.87 price level, adding 17.14% to its value on the day. Canaan Inc ADR’s shares saw a change of -62.19% in year-to-date performance and have moved -11.91% in past 5-day. Canaan Inc ADR (NASDAQ:CAN) showed a performance of -33.34% in past 30-days.

Canaan Inc ADR (CAN) estimates and forecasts

Statistics highlight that Canaan Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -56.77% of value to its shares in past 6 months, showing an annual growth rate of 17.18% while that of industry is 14.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 25.00% in the current quarter and calculating 32.80% increase in the next quarter. This year revenue growth is estimated to rise 39.10% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $30.1 million for the same. And 1 analysts are in estimates of company making revenue of $70.2 million in the next quarter that will end on Jun 2024. Company posted $50.1 million and $69.92 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -39.90% while estimating it to be 0.40% for the next quarter.

CAN Dividends

Canaan Inc ADR is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.