In the last trading session, 13.33 million Canaan Inc ADR (NASDAQ:CAN) shares changed hands as the company’s beta touched 3.29. With the company’s per share price at $0.6 changed hands at -$0.02 or -2.44% during last session, the market valuation stood at $173.02M. 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. When we look at Canaan Inc ADR’s average trading volume, we note the 10-day average is 22.3 million shares, with the 3-month average coming to 27.03 million.
Canaan Inc ADR (NASDAQ:CAN) trade information
Instantly CAN was in red as seen at the end of in last trading. With action -7.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -42.00%, with the 5-day performance at -7.13% in the red. However, in the 30-day time frame, Canaan Inc ADR (NASDAQ:CAN) is -0.68% down. Looking at the short shares, we see there were 35.85 million shares sold at short interest cover period of 0.95 days.
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.
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 90.04%.
CAN Dividends
Canaan Inc ADR is expected to release its next quarterly earnings report on 2025-May-20.
Canaan Inc ADR (NASDAQ:CAN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.73% of Canaan Inc ADR shares while 20.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 22.69%. There are 20.71% 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 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 $3.15 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 $2.56 million.
