In today’s recent session, 9.41 million shares of the Canaan Inc ADR (NASDAQ:CAN) have been traded, and its beta is 3.40. Most recently the company’s share price was $1.35, and it changed around $0.04 or 3.05% from the last close, which brings the market valuation of the company to $361.14M. CAN at last check was trading at a discount to its 52-week high of $3.27, offering almost -142.22% off that amount. The share price’s 52-week low was $0.72, which indicates that the recent value has risen by an impressive 46.67% since then.
Canaan Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended CAN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Canaan Inc ADR is expected to report earnings per share of -0.8 for the current quarter.
Canaan Inc ADR (NASDAQ:CAN) trade information
Instantly CAN has been showing a green trend so far today with a performance of 3.05% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.5069 on recent trading dayincreased the stock’s daily price by 10.41%. The company’s shares are currently down -34.15% year-to-date, but still down -12.90% over the last five days. On the other hand, Canaan Inc ADR (NASDAQ:CAN) is -39.46% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to increase their stock price by 32.5% from its current value. Analyst projections state that CAN is forecast to be at a low of $2 and a high of $2.
Canaan Inc ADR (CAN) estimates and forecasts
The year-over-year growth rate is expected to be 24.36%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 579.2M in revenue for the current quarter. 1 analysts expect Canaan Inc ADR to make 580.44M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 353.2M and 253.34M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 63.99%. Forecasts for the next quarter put sales growth at 129.12%.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
SG AMERICAS SECURITIES, LLC, with 2.1232% or 5.27 million shares worth $5.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify Transformational Data Sharing ETF and Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 4.64 shares worth $6.16 million, making up 1.32% of all outstanding shares. On the other hand, Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF held roughly 4.31 shares worth around $5.72 million, which represents about 1.22% of the total shares outstanding.
