In the last trading session, 29.31 million shares of the Canaan Inc ADR (NASDAQ:CAN) were traded, and its beta was 3.40. Most recently the company’s share price was $1.18, and it changed around -$0.13 or -9.92% from the last close, which brings the market valuation of the company to $315.66M. CAN currently trades at a discount to its 52-week high of $3.27, offering almost -177.12% off that amount. The share price’s 52-week low was $0.72, which indicates that the current value has risen by an impressive 38.98% 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 showed a red trend with a performance of -9.92% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.5100 on recent trading dayincreased the stock’s daily price by 21.85%. The company’s shares are currently down -42.44% year-to-date, but still down -23.87% over the last five days. On the other hand, Canaan Inc ADR (NASDAQ:CAN) is -47.09% 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 41.0% 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%.
CAN Dividends
Canaan Inc ADR’s next quarterly earnings report is expected to be released in April.
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.
