In last trading session, Canaan Inc ADR (NASDAQ:CAN) saw 8.23 million shares changing hands with its beta currently measuring 3.41. Company’s recent per share price level of $1.04 trading at -$0.03 or -2.80% at ring of the bell on the day assigns it a market valuation of $284.69M. That closing price of CAN’s stock is at a discount of -214.42% from its 52-week high price of $3.27 and is indicating a premium of 30.77% from its 52-week low price of $0.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.79 million shares which gives us an average trading volume of 15.95 million if we extend that period to 3-months.
Canaan Inc ADR (NASDAQ:CAN) trade information
Upright in the red during last session for losing -2.80%, in the last five days CAN remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $1.04 price level, adding 20.91% to its value on the day. Canaan Inc ADR’s shares saw a change of -49.27% in year-to-date performance and have moved -16.13% in past 5-day. Canaan Inc ADR (NASDAQ:CAN) showed a performance of -40.57% in past 30-days. Number of shares sold short was 17.62 million shares which calculate 1.4 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 48.0% 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 -92.31% in reaching the projected high whereas dropping to the targeted low would mean a loss of -92.31% for stock’s current value.
Canaan Inc ADR (CAN) estimates and forecasts
This year revenue growth is estimated to rise 28.67% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 645.37M for the same. And 1 analysts are in estimates of company making revenue of 602.53M 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
Investors also watch the number of corporate investors in a company very closely, which is 24.91% institutions for Canaan Inc ADR that are currently holding shares of the company. 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, Amplify Transformational Data Sharing ETF and Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 4.64 shares of worth $4.82 million or 1.32% of the total outstanding shares. The later fund manager was in possession of 4.31 shares on Dec 31, 2024 , making its stake of worth around $4.48 million in the company or a holder of 1.22% of company’s stock.
