In the last trading session, 6.54 million Canaan Inc ADR (NASDAQ:CAN) shares changed hands as the company’s beta touched 3.10. With the company’s per share price at $0.98 changed hands at $0.12 or 13.53% during last session, the market valuation stood at $267.28M. CAN’s last price was a discount, traded about -257.14% off its 52-week high of $3.50. The share price had its 52-week low at $0.72, which suggests the last value was 26.53% up since then. When we look at Canaan Inc ADR’s average trading volume, we note the 10-day average is 4.46 million shares, with the 3-month average coming to 6.45 million.
Canaan Inc ADR (NASDAQ:CAN) trade information
Instantly CAN was in green as seen at the end of in last trading. With action 13.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -57.73%, with the 5-day performance at 13.84% in the green. However, in the 30-day time frame, Canaan Inc ADR (NASDAQ:CAN) is -19.31% down. Looking at the short shares, we see there were 25.67 million shares sold at short interest cover period of 4.84 days.
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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 -57.55% over the past 6 months, a 44.79% in annual growth rate that is considerably higher than the industry average of 10.30%.
The 2024 estimates are for Canaan Inc ADR earnings to increase by 97.55%.
CAN Dividends
Canaan Inc ADR is expected to release its next quarterly earnings report in September.
SG AMERICAS SECURITIES, LLC holds the second largest percentage of outstanding shares, with 2.985% or 5.39 million shares worth $8.19 million as of 2024-03-31.
