Canaan Inc ADR (NASDAQ:CAN) has a beta value of 3.10 and has seen 5.85 million shares traded in the last trading session. The company, currently valued at $252.44M, closed the last trade at $0.92 per share which meant it lost -$0.09 on the day or -8.69% during that session. The CAN stock price is -280.43% off its 52-week high price of $3.50 and 21.74% above the 52-week low of $0.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.99 million shares traded. The 3-month trading volume is 5.94 million shares.
Canaan Inc ADR (NASDAQ:CAN) trade information
Sporting -8.69% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CAN stock price touched $0.92 or saw a rise of 17.86%. Year-to-date, Canaan Inc ADR shares have moved -60.08%, while the 5-day performance has seen it change -6.99%. Over the past 30 days, the shares of Canaan Inc ADR (NASDAQ:CAN) have changed -5.66%. Short interest in the company has seen 25.07 million shares shorted with days to cover at 3.79.
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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 -43.42% over the past 6 months, with this year growth rate of 63.19%, compared to 11.50% for the industry.
CAN Dividends
Canaan Inc ADR is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
The top two institutional holders are VAN ECK ASSOCIATES CORP with over 9.76 million shares worth more than $9.76 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 3.9371% of shares outstanding.
The other major institutional holder is STATE STREET CORP, with the holding of over 9.09 million shares as of 2024-06-30. The firm’s total holdings are worth over $9.09 million and represent 3.6646% of shares outstanding.
