Canaan Inc ADR (NASDAQ: CAN) Could Increase In Price By -173.97% Or More

Canaan Inc ADR (NASDAQ:CAN)’s traded shares stood at 46.61 million during the last session, with the company’s beta value hitting 3.34. At the close of trading, the stock’s price was $0.73, to imply an increase of 2.10% or $0.02 in intraday trading. The CAN share’s 52-week high remains $3.27, putting it -347.95% down since that peak but still an impressive 27.4% since price per share fell to its 52-week low of $0.53.

Canaan Inc ADR (NASDAQ:CAN) trade information

After registering a 2.10% upside in the last session, Canaan Inc ADR (CAN) has traded red over the past five days. The 5-day price performance for the stock is 16.84%, and -12.37% over 30 days. With these gigs, the year-to-date price performance is -64.49%.

The extremes give us $2 and $2 for target low and target high price respectively. As such, CAN has been trading -173.97% off suggested target high and -173.97% from its likely low.

CAN Dividends

Canaan Inc ADR has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is STATE STREET CORP with 9.09 million shares, or about 0.2207% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.09 million.

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