During the last session, Canaan Inc ADR (NASDAQ:CAN)’s traded shares were 7.57 million, with the beta value of the company hitting 3.25. At the end of the trading day, the stock’s price was $0.70, reflecting an intraday loss of -7.20% or -$0.05. The 52-week high for the CAN share is $3.27, that puts it down -367.14 from that peak though still a striking 8.57% gain since the share price plummeted to a 52-week low of $0.64. The company’s market capitalization is $191.62M, and the average intraday trading volume over the past 10 days was 16.27 million shares, and the average trade volume was 15.95 million shares over the past three months.
Canaan Inc ADR (NASDAQ:CAN) trade information
Canaan Inc ADR (CAN) registered a -7.20% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.20% in intraday trading to $0.70, hitting a weekly high. The stock’s 5-day price performance is -5.42%, and it has moved by -28.32% in 30 days. Based on these gigs, the overall price performance for the year is -38.05%. The short interest in Canaan Inc ADR (NASDAQ:CAN) is 16.69 million shares and it means that shorts have 1.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies an increase of 65.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, CAN is trading at a discount of -185.71% off the target high and -185.71% off the low.
Canaan Inc ADR (CAN) estimates and forecasts
In the rating firms’ projections, revenue will increase 181.38% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 545.72M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 927.02M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 253.34M and 512.86M respectively. In this case, analysts expect current quarter sales to grow by 115.41% and then jump by 80.76% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.48%. While earnings are projected to return 153.51% in 2025.
CAN Dividends
Canaan Inc ADR is due to release its next quarterly earnings on 2025-Mar-25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 0.8 million shares, is of GOLDMAN SACHS GROUP INC’s that is approximately 0.3239% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.8 million.
