In the last trading session, 8.97 million Canaan Inc ADR (NASDAQ:CAN) shares changed hands as the company’s beta touched 3.11. With the company’s per share price at $0.88 changed hands at -$0.04 or -4.41% during last session, the market valuation stood at $187.78M. CAN’s last price was a discount, traded about -297.73% off its 52-week high of $3.50. The share price had its 52-week low at $0.75, which suggests the last value was 14.77% up since then. When we look at Canaan Inc ADR’s average trading volume, we note the 3-month average coming to 16.60 million.
Canaan Inc ADR (NASDAQ:CAN) trade information
Instantly CAN was in red as seen at the end of in last trading. With action -3.78%, the performance over the past five days has been red. The drop to weekly highs of 1.0500 subtracted -4.41% to the stock’s daily price. The company’s shares are showing year-to-date downside of -61.94%, with the 5-day performance at -3.78% in the red. However, in the 30-day time frame, Canaan Inc ADR (NASDAQ:CAN) is -32.36% down.
Canaan Inc ADR (CAN) estimates and forecasts
Data shows that the Canaan Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -51.15% over the past 6 months, a 17.18% in annual growth rate that is considerably higher than the industry average of 15.30%. Year-over-year growth is forecast to reach 39.10% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 30.1M. 1 analysts are of the opinion that Canaan Inc ADR’s revenue for the current quarter will be 70.2M. The company’s revenue for the corresponding quarters a year ago was 50.1M and 69.92M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -39.90%. The estimates for the next quarter sales put growth at 0.40%.
The 2024 estimates are for Canaan Inc ADR earnings to increase by 94.48%.
CAN Dividends
Canaan Inc ADR is expected to release its next quarterly earnings report between May 24 and May 28.
