Canaan Inc ADR (NASDAQ:CAN) has a beta value of 3.10 and has seen 1.58 million shares traded in the recent trading session. The company, currently valued at $277.26M, closed the recent trade at $1.04 per share which meant it gained $0.04 on the day or 4.52% during that session. The CAN stock price is -236.54% off its 52-week high price of $3.50 and 27.88% above the 52-week low of $0.75. The 3-month trading volume is 8.75 million shares.
Canaan Inc ADR (NASDAQ:CAN) trade information
Sporting 4.52% in the green today, the stock has traded in the green over the last five days, when the CAN stock price touched $1.04 or saw a rise of 9.57%. Year-to-date, Canaan Inc ADR shares have moved -54.76%, while the 5-day performance has seen it change 1.46%. Over the past 30 days, the shares of Canaan Inc ADR (NASDAQ:CAN) have changed 0.48%.
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Canaan Inc ADR (CAN) estimates and forecasts
Figures show that Canaan Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -62.81% over the past 6 months, with this year growth rate of 44.79%, compared to 15.40% for the industry. Revenue growth from the last financial year stood is estimated to be 6.40%.
1 analysts offering their estimates for the company have set an average revenue estimate of 35.09M for the current quarter. 1 have an estimated revenue figure of 51.9M for the next ending quarter. Year-ago sales stood 50.1M and 69.92M respectively for this quarter and the next, and analysts expect sales will shrink by -30.00% for the current quarter and 6.40% for the next.
CAN Dividends
Canaan Inc ADR is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
