In the last trading session, 25.66 million Canaan Inc ADR (NASDAQ:CAN) shares changed hands as the company’s beta touched 3.41. With the company’s per share price at $0.79 changed hands at $0.03 or 4.20% during last session, the market valuation stood at $227.55M. CAN’s last price was a discount, traded about -313.92% off its 52-week high of $3.27. The share price had its 52-week low at $0.53, which suggests the last value was 32.91% up since then.
Canaan Inc ADR (NASDAQ:CAN) trade information
Instantly CAN was in green as seen at the end of in last trading. With action 5.97%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -61.30%, with the 5-day performance at 5.97% in the green. However, in the 30-day time frame, Canaan Inc ADR (NASDAQ:CAN) is 13.33% up.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 60.5% 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 -153.16% plunge from its current level, while the stock would need to soar -153.16% for it to hit the projected low.
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 126.49%.
CAN Dividends
Canaan Inc ADR is expected to release its next quarterly earnings report in June.
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 $3.68 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 $3.42 million.
