In the last trading session, 32.93 million shares of the Canaan Inc ADR (NASDAQ:CAN) were traded, and its beta was 3.41. Most recently the company’s share price was $0.63, and it changed around -$0.07 or -9.38% from the last close, which brings the market valuation of the company to $181.74M. CAN currently trades at a discount to its 52-week high of $3.27, offering almost -419.05% off that amount. The share price’s 52-week low was $0.53, which indicates that the current value has risen by an impressive 15.87% since then.
Canaan Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended CAN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
Canaan Inc ADR (NASDAQ:CAN) trade information
Instantly CAN has showed a red trend with a performance of -9.38% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.8300 on recent trading dayincreased the stock’s daily price by 24.1%. The company’s shares are currently down -69.09% year-to-date, but still down -20.13% over the last five days. On the other hand, Canaan Inc ADR (NASDAQ:CAN) is -20.80% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to increase their stock price by 68.5% from its current value. Analyst projections state that CAN is forecast to be at a low of $2 and a high of $2.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.48%.
CAN Dividends
Canaan Inc ADR’s next quarterly earnings report is expected to be released in June.
STATE STREET CORP, with 0.2207% or 9.09 million shares worth $9.09 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.64 shares worth $2.94 million, making up 1.29% of all outstanding shares. On the other hand, Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF held roughly 4.31 shares worth around $2.73 million, which represents about 1.19% of the total shares outstanding.
