Canaan Inc ADR (NASDAQ:CAN) has a beta value of 3.47 and has seen 8.54 million shares traded in the last trading session. The company, currently valued at $240.29M, closed the last trade at $0.88 per share which meant it lost -$0.03 on the day or -3.60% during that session. The CAN stock price is -271.59% off its 52-week high price of $3.27 and 18.18% above the 52-week low of $0.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.7 million shares traded. The 3-month trading volume is 15.58 million shares.
Canaan Inc ADR (NASDAQ:CAN) trade information
Sporting -3.60% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CAN stock price touched $0.88 or saw a rise of 20.0%. Year-to-date, Canaan Inc ADR shares have moved -57.18%, while the 5-day performance has seen it change -17.96%. Over the past 30 days, the shares of Canaan Inc ADR (NASDAQ:CAN) have changed -32.99%. Short interest in the company has seen 16.2 million shares shorted with days to cover at 1.32.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could jump 56.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is -127.27% off the targeted high while a plunge would see the stock gain -127.27% from current levels.
Canaan Inc ADR (CAN) estimates and forecasts
The company’s shares have lost -15.60% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 180.93%.
2 analysts offering their estimates for the company have set an average revenue estimate of 544.38M for the current quarter. 2 have an estimated revenue figure of 924.61M for the next ending quarter. Year-ago sales stood 253.34M and 512.86M respectively for this quarter and the next, and analysts expect sales will grow by 114.88% for the current quarter and 180.93% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.48% over the past 5 years.
CAN Dividends
Canaan Inc ADR is expected to release its next earnings report on 2025-Mar-25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
Investors are also buoyed by the number of investors in a company, with Canaan Inc ADR having a total of 127.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 5.55 million shares worth more than $5.55 million. As of 2024-06-30, VANGUARD GROUP INC held 2.2371% of shares outstanding.
The other major institutional holder is SG AMERICAS SECURITIES, LLC, with the holding of over 5.27 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.26 million and represent 2.1232% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Amplify ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF . As of Dec 31, 2024 , the former fund manager holds about 1.32% shares in the company for having 4.64 shares of worth $4.07 million while later fund manager owns 4.31 shares of worth $3.78 million as of Dec 31, 2024 , which makes it owner of about 1.22% of company’s outstanding stock.
