Canaan Inc ADR (NASDAQ:CAN) has a beta value of 3.19 and has seen 14.08 million shares traded in the recent trading session. The company, currently valued at $546.11M, closed the recent trade at $2.00 per share which meant it gained $0.03 on the day or 1.27% during that session. The CAN stock price is -75.0% off its 52-week high price of $3.50 and 64.0% 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 23.49 million shares traded. The 3-month trading volume is 8.55 million shares.
Canaan Inc ADR (NASDAQ:CAN) trade information
Sporting 1.27% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CAN stock price touched $2.00 or saw a rise of 5.21%. Year-to-date, Canaan Inc ADR shares have moved -13.64%, while the 5-day performance has seen it change 30.39%. Over the past 30 days, the shares of Canaan Inc ADR (NASDAQ:CAN) have changed 105.44%. Short interest in the company has seen 23.45 million shares shorted with days to cover at 3.82.
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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 gained 100.08% over the past 6 months, with this year growth rate of 59.51%, compared to 17.10% for the industry. Revenue growth from the last financial year stood is estimated to be 24.10%.
2 analysts offering their estimates for the company have set an average revenue estimate of 580.39M for the current quarter. 1 have an estimated revenue figure of 601.4M for the next ending quarter. Year-ago sales stood 353.2M and 253.34M respectively for this quarter and the next, and analysts expect sales will grow by 64.32% for the current quarter and 24.10% for the next.
CAN Dividends
Canaan Inc ADR is expected to release its next earnings report in December 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.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and Global X Fds-Global X Blockchain ETF. As of Sep 30, 2024, the former fund manager holds about 3.10% shares in the company for having 8.93 shares of worth $17.9 million while later fund manager owns 6.06 shares of worth $12.15 million as of Sep 30, 2024, which makes it owner of about 2.10% of company’s outstanding stock.
