In recent trading session, Canaan Inc ADR (NASDAQ:CAN) saw 1.05 million shares changing hands at last check today with its beta currently measuring 3.11. Company’s recent per share price level of $0.83 trading at $0.0 or -0.25% at last check today assigns it a market valuation of $219.39M. That most recent trading price of CAN’s stock is at a discount of -321.69% from its 52-week high price of $3.50 and is indicating a premium of 13.25% from its 52-week low price of $0.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.67 million shares which gives us an average trading volume of 6.68 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 -0.25%, in the last five days CAN remained trading in the red while hitting it’s week-highest on Monday, 08/12/24 when the stock touched $0.83 price level, adding 7.21% to its value on the day. Canaan Inc ADR’s shares saw a change of -64.20% in year-to-date performance and have moved -9.32% in past 5-day. Canaan Inc ADR (NASDAQ:CAN) showed a performance of -29.92% in past 30-days. Number of shares sold short was 25.67 million shares which calculate 4.84 days to cover the short interests.
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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 -64.20% of value to its shares in past 6 months, showing an annual growth rate of 44.79% while that of industry is 10.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 6.40% 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 35.09M for the same. And 1 analysts are in estimates of company making revenue of 71.86M in the next quarter. Company posted 50.1M and 69.92M of sales in current and next quarters respectively a year earlier.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
VAN ECK ASSOCIATES CORP is the top institutional holder at CAN for having 6.28 million shares of worth $9.55 million. And as of 2024-03-31, it was holding 3.4815 of the company’s outstanding shares.
The second largest institutional holder is SG AMERICAS SECURITIES, LLC, which was holding about 5.39 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.985 of outstanding shares, having a total worth of $8.19 million.
