In recent trading session, Canaan Inc ADR (NASDAQ:CAN) saw 5.36 million shares changing hands at last check today with its beta currently measuring 3.33. Company’s recent per share price level of $1.75 trading at -$0.03 or -1.95% at last check today assigns it a market valuation of $466.89M. That most recent trading price of CAN’s stock is at a discount of -86.86% from its 52-week high price of $3.27 and is indicating a premium of 58.86% from its 52-week low price of $0.72.
Canaan Inc ADR (NASDAQ:CAN) trade information
Upright in the red during last session for losing -1.95%, in the last five days CAN remained trading in the red while hitting it’s week-highest on Thursday, 02/20/25 when the stock touched $1.75 price level, adding 5.41% to its value on the day. Canaan Inc ADR’s shares saw a change of -14.86% in year-to-date performance and have moved -1.95% in past 5-day. Canaan Inc ADR (NASDAQ:CAN) showed a performance of -18.44% in past 30-days.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 12.5% to its recent value today. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would drop -14.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -14.29% for stock’s current value.
Canaan Inc ADR (CAN) estimates and forecasts
This year revenue growth is estimated to rise 24.42% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 579.62M for the same. And 1 analysts are in estimates of company making revenue of 581.7M in the next quarter. Company posted 353.2M and 253.34M of sales in current and next quarters respectively a year earlier.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
VANGUARD GROUP INC is the top institutional holder at CAN for having 5.55 million shares of worth $5.55 million. And as of 2024-06-30, it was holding 2.2371 of the company’s outstanding shares.
The second largest institutional holder is SG AMERICAS SECURITIES, LLC, which was holding about 5.27 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.1232 of outstanding shares, having a total worth of $5.26 million.
On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and VanEck ETF Trust-VanEck Digital Transformation ETF are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 8.88 shares of worth $15.55 million or 3.00% of the total outstanding shares. The later fund manager was in possession of 3.82 shares on Nov 30, 2024, making its stake of worth around $6.69 million in the company or a holder of 1.29% of company’s stock.
