In the last trading session, 33.78 million Canaan Inc ADR (NASDAQ:CAN) shares changed hands as the company’s beta touched 3.34. With the company’s per share price at $0.60 changed hands at $0.02 or 3.69% during last session, the market valuation stood at $171.79M. CAN’s last price was a discount, traded about -445.0% 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 11.67% 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 -1.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -70.79%, with the 5-day performance at -1.38% in the red. However, in the 30-day time frame, Canaan Inc ADR (NASDAQ:CAN) is -0.05% down.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 70.0% 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 -233.33% plunge from its current level, while the stock would need to soar -233.33% for it to hit the projected low.
Canaan Inc ADR (CAN) estimates and forecasts
Year-over-year growth is forecast to reach 103.51% 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 660.11M. 3 analysts are of the opinion that Canaan Inc ADR’s revenue for the current quarter will be 1.11B. The company’s revenue for the corresponding quarters a year ago was 512.86M and 532.86M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 28.71%. The estimates for the next quarter sales put growth at 107.84%.
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 96.54%.
CAN Dividends
Canaan Inc ADR is expected to release its next quarterly earnings report in July.
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 Mar 31, 2025 were Amplify ETF Trust-Amplify Transformational Data Sharing ETF and SPDR SERIES TRUST-SPDR S&P Kensho New Economies Composite ETF . With 5.22 shares estimated at $3.13 million under it, the former controlled 1.45% of total outstanding shares. On the other hand, SPDR SERIES TRUST-SPDR S&P Kensho New Economies Composite ETF held about 1.17% of the shares, roughly 4.24 shares worth around $2.54 million.
