In last trading session, Canaan Inc ADR (NASDAQ:CAN) saw 5.25 million shares changing hands with its beta currently measuring 3.07. Company’s recent per share price level of $0.95 trading at $0.02 or 2.70% at ring of the bell on the day assigns it a market valuation of $253.61M. That closing price of CAN’s stock is at a discount of -268.42% from its 52-week high price of $3.50 and is indicating a premium of 24.21% 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 3.34 million shares which gives us an average trading volume of 5.80 million if we extend that period to 3-months.
Canaan Inc ADR (NASDAQ:CAN) trade information
Upright in the green during last session for gaining 2.70%, in the last five days CAN remained trading in the red while hitting it’s week-highest on Thursday, 08/29/24 when the stock touched $0.95 price level, adding 9.52% to its value on the day. Canaan Inc ADR’s shares saw a change of -58.87% in year-to-date performance and have moved -1.59% in past 5-day. Canaan Inc ADR (NASDAQ:CAN) showed a performance of 9.71% in past 30-days. Number of shares sold short was 25.07 million shares which calculate 3.79 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 -39.87% of value to its shares in past 6 months, showing an annual growth rate of 63.19% while that of industry is 11.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 25.10% 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 72.5M for the same. And 1 analysts are in estimates of company making revenue of 85.1M in the next quarter. Company posted 33.32M and 49.07M 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 9.76 million shares of worth $9.76 million. And as of 2024-06-30, it was holding 3.9371 of the company’s outstanding shares.
The second largest institutional holder is STATE STREET CORP, which was holding about 9.09 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.6646 of outstanding shares, having a total worth of $9.09 million.
