In the last trading session, 6.82 million Canaan Inc ADR (NASDAQ:CAN) shares changed hands as the company’s beta touched 3.26. With the company’s per share price at $0.78 changed hands at -$0.02 or -2.59% during last session, the market valuation stood at $223.74M. CAN’s last price was a discount, traded about -319.23% off its 52-week high of $3.27. The share price had its 52-week low at $0.64, which suggests the last value was 17.95% up since then. When we look at Canaan Inc ADR’s average trading volume, we note the 10-day average is 11.54 million shares, with the 3-month average coming to 14.78 million.
Canaan Inc ADR (NASDAQ:CAN) trade information
Instantly CAN was in red as seen at the end of in last trading. With action 5.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -61.95%, with the 5-day performance at 5.28% in the green. However, in the 30-day time frame, Canaan Inc ADR (NASDAQ:CAN) is -14.34% down. Looking at the short shares, we see there were 17.7 million shares sold at short interest cover period of 0.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 61.0% from its current market value. According to analyst projections, CAN’s forecast low is 2 with 2 as the target high. To hit the forecast high, the stock’s price needs a -156.41% plunge from its current level, while the stock would need to soar -156.41% for it to hit the projected low.
Canaan Inc ADR (CAN) estimates and forecasts
Year-over-year growth is forecast to reach 184.56% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 614.82M. 3 analysts are of the opinion that Canaan Inc ADR’s revenue for the current quarter will be 981.68M. The company’s revenue for the corresponding quarters a year ago was 253.34M and 512.86M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 142.69%. The estimates for the next quarter sales put growth at 91.41%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.48%. The 2025 estimates are for Canaan Inc ADR earnings to increase by 132.84%.
CAN Dividends
Canaan Inc ADR is expected to release its next quarterly earnings report on 2025-Mar-25.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
The share float percentage for the stock currently stands at 21.46%. There are 21.46% institutions holding the Canaan Inc ADR stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 0.2371% of the shares, roughly 9.76 million CAN shares worth $9.76 million.
STATE STREET CORP holds the second largest percentage of outstanding shares, with 0.2207% or 9.09 million shares worth $9.09 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Amplify ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF . With 4.64 shares estimated at $3.62 million under it, the former controlled 1.32% of total outstanding shares. On the other hand, Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF held about 1.22% of the shares, roughly 4.31 shares worth around $3.36 million.
