Canaan Inc ADR (NASDAQ:CAN) has a beta value of 3.27 and has seen 27.13 million shares traded in the last trading session. The company, currently valued at $845.86M, closed the last trade at $3.09 per share which meant it gained $0.23 on the day or 8.04% during that session. The CAN stock price is -13.27% off its 52-week high price of $3.50 and 76.7% 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 28.3 million shares traded. The 3-month trading volume is 13.66 million shares.
Canaan Inc ADR (NASDAQ:CAN) trade information
Sporting 8.04% in the green in last session, 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 $3.09 or saw a rise of 5.5%. Year-to-date, Canaan Inc ADR shares have moved 33.77%, while the 5-day performance has seen it change 3.34%. Over the past 30 days, the shares of Canaan Inc ADR (NASDAQ:CAN) have changed 108.78%. Short interest in the company has seen 23.45 million shares shorted with days to cover at 3.82.
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Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could drop -54.5% from current levels. The projected low price target is $2.0 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is 35.28% off the targeted high while a plunge would see the stock lose 35.28% from current levels.
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 153.28% over the past 6 months, with this year growth rate of 59.51%, compared to 17.70% for the industry.
CAN Dividends
Canaan Inc ADR is expected to release its next earnings report in January 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 3.01% shares in the company for having 8.93 shares of worth $27.59 million while later fund manager owns 5.95 shares of worth $18.37 million as of Oct 31, 2024 , which makes it owner of about 2.01% of company’s outstanding stock.
