Canaan Inc ADR (NASDAQ:CAN)’s traded shares stood at 1.3 million during the latest session, with the company’s beta value hitting 3.09. At the last check today, the stock’s price was $1.00, to imply an increase of 2.93% or $0.03 in intraday trading. The CAN share’s 52-week high remains $3.50, putting it -250.0% down since that peak but still an impressive 28.0% since price per share fell to its 52-week low of $0.72. The company has a valuation of $273.38M, with an average of 4.88 million shares in intraday trading volume over the past 10 days and average of 5.19 million shares over the past 3 months.
Canaan Inc ADR (NASDAQ:CAN) trade information
After registering a 2.93% upside in the latest session, Canaan Inc ADR (CAN) has traded red over the past five days. The 5-day price performance for the stock is 4.46%, and 8.32% over 30 days. With these gigs, the year-to-date price performance is -56.77%. Short interest in Canaan Inc ADR (NASDAQ:CAN) saw shorts transact 22.68 million shares and set a 4.31 days time to cover.
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The extremes give us $2 and $2 for target low and target high price respectively. As such, CAN has been trading -100.0% off suggested target high and -100.0% from its likely low.
Canaan Inc ADR (CAN) estimates and forecasts
Looking at statistics comparing Canaan Inc ADR share performance against respective industry, we note that the company has outperformed competitors. Canaan Inc ADR (CAN) shares are 7.39% up over the last 6 months, with its year-to-date growth rate higher than industry average at 63.80% against 15.10%. Revenue is forecast to grow 91.80% this quarter before jumping 91.50% for the next one. The rating firms project that company’s revenue will grow 22.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 72.84M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 82.65M.Earnings reports from the last fiscal year show that sales brought in 33.32M and 49.07M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 118.60% before jumping 68.40% in the following quarter.
CAN Dividends
Canaan Inc ADR has its next earnings report out on 2024-Nov-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
The next major institution holding the largest number of shares is STATE STREET CORP with 9.09 million shares, or about 3.6646% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.09 million.
We also have SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and Global X Fds-Global X Blockchain ETF as the top two Mutual Funds with the largest holdings of the Canaan Inc ADR (CAN) shares. Going by data provided on Sep 30, 2024, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF holds roughly 8.93 shares. This is just over 3.10% of the total shares, with a market valuation of $8.97 million. Data from the same date shows that the other fund manager holds a little less at 6.06, or 2.11% of the shares, all valued at about 6.09 million.
