In last trading session, Canaan Inc ADR (NASDAQ:CAN) saw 12.45 million shares changing hands with its beta currently measuring 3.23. Company’s recent per share price level of $0.80 trading at $0.01 or 0.95% at ring of the bell on the day assigns it a market valuation of $229.47M. That closing price of CAN’s stock is at a discount of -308.75% from its 52-week high price of $3.27 and is indicating a premium of 20.0% from its 52-week low price of $0.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.13 million shares which gives us an average trading volume of 14.98 million if we extend that period to 3-months.
Canaan Inc ADR (NASDAQ:CAN) trade information
Upright in the green during last session for gaining 0.95%, in the last five days CAN remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $0.80 price level, adding 4.76% to its value on the day. Canaan Inc ADR’s shares saw a change of -60.98% in year-to-date performance and have moved 14.29% in past 5-day. Canaan Inc ADR (NASDAQ:CAN) showed a performance of -25.93% in past 30-days. Number of shares sold short was 16.69 million shares which calculate 1.03 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 60.0% 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 -150.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -150.0% for stock’s current value.
Canaan Inc ADR (CAN) estimates and forecasts
This year revenue growth is estimated to rise 181.38% 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 545.72M for the same. And 2 analysts are in estimates of company making revenue of 927.02M in the next quarter. Company posted 253.34M and 512.86M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.48% during past 5 years.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
Investors also watch the number of corporate investors in a company very closely, which is 21.46% institutions for Canaan Inc ADR that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at CAN for having 9.76 million shares of worth $9.76 million. And as of 2024-06-30, it was holding 0.2371 of the company’s outstanding shares.
The second largest institutional holder is STATE STREET CORP, which was holding about 9.09 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.2207 of outstanding shares, having a total worth of $9.09 million.
On the other hand, Amplify ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust 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 $3.71 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 $3.45 million in the company or a holder of 1.22% of company’s stock.
