Canaan Inc ADR (NASDAQ:CAN)’s traded shares stood at 13.82 million during the last session, with the company’s beta value hitting 3.29. At the close of trading, the stock’s price was $2.25, to imply an increase of 9.22% or $0.19 in intraday trading. The CAN share’s 52-week high remains $3.50, putting it -55.56% down since that peak but still an impressive 68.0% since price per share fell to its 52-week low of $0.72. The company has a valuation of $615.91M, with an average of 21.44 million shares in intraday trading volume over the past 10 days and average of 15.20 million shares over the past 3 months.
Canaan Inc ADR (NASDAQ:CAN) trade information
After registering a 9.22% upside in the last session, Canaan Inc ADR (CAN) has traded red over the past five days. The 5-day price performance for the stock is -23.91%, and 14.72% over 30 days. With these gigs, the year-to-date price performance is -2.16%. Short interest in Canaan Inc ADR (NASDAQ:CAN) saw shorts transact 23.45 million shares and set a 3.82 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 11.11% off suggested target high and 11.11% 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 113.21% up over the last 6 months, with its year-to-date growth rate higher than industry average at 54.60% against 17.30%. The rating firms project that company’s revenue will grow 24.32% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 581.15M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 725.92M.Earnings reports from the last fiscal year show that sales brought in 353.2M and 253.34M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 64.54% before jumping 186.54% in the following quarter.
CAN Dividends
Canaan Inc ADR has its next earnings report out in January. 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.
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 Oct 31, 2024 , SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF holds roughly 8.94 shares. This is just over 3.01% of the total shares, with a market valuation of $20.11 million. Data from the same date shows that the other fund manager holds a little less at 5.95, or 2.01% of the shares, all valued at about 13.38 million.
