In last trading session, Canaan Inc ADR (NASDAQ:CAN) saw 8.52 million shares changing hands with its beta currently measuring 3.33. Company’s recent per share price level of $1.79 trading at $0.01 or 0.56% at ring of the bell on the day assigns it a market valuation of $489.99M. That closing price of CAN’s stock is at a discount of -82.68% from its 52-week high price of $3.27 and is indicating a premium of 59.78% from its 52-week low price of $0.72.
Canaan Inc ADR (NASDAQ:CAN) trade information
Upright in the green during last session for gaining 0.56%, in the last five days CAN remained trading in the green while hitting it’s week-highest on Thursday, 02/20/25 when the stock touched $1.79 price level, adding 3.24% to its value on the day. Canaan Inc ADR’s shares saw a change of -12.68% in year-to-date performance and have moved 0.56% in past 5-day. Canaan Inc ADR (NASDAQ:CAN) showed a performance of -16.36% in past 30-days.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 10.5% to its current value. 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 -11.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.73% for stock’s current value.
Canaan Inc ADR (CAN) estimates and forecasts
This year revenue growth is estimated to rise 24.36% 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 579.2M for the same. And 1 analysts are in estimates of company making revenue of 580.44M 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.
