During the last session, Canaan Inc ADR (NASDAQ:CAN)’s traded shares were 56.0 million, with the beta value of the company hitting 3.46. At the end of the trading day, the stock’s price was $0.65, reflecting an intraday gain of 8.74% or $0.05. The 52-week high for the CAN share is $3.27, that puts it down -403.08 from that peak though still a striking 18.46% gain since the share price plummeted to a 52-week low of $0.53. The company’s market capitalization is $186.90M, and the average trade volume was 15.50 million shares over the past three months.
Canaan Inc ADR (NASDAQ:CAN) trade information
Canaan Inc ADR (CAN) registered a 8.74% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 8.74% in intraday trading to $0.65, hitting a weekly high. The stock’s 5-day price performance is -5.87%, and it has moved by -7.34% in 30 days. Based on these gigs, the overall price performance for the year is -26.15%.
The consensus price target of analysts on Wall Street is $2, which implies an increase of 67.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, CAN is trading at a discount of -207.69% off the target high and -207.69% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.48%. While earnings are projected to return 126.49% in 2025.
CAN Dividends
Canaan Inc ADR is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.09 million shares, is of STATE STREET CORP’s that is approximately 0.2207% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.09 million.
Also, the Mutual Funds coming in first place with the largest holdings of Canaan Inc ADR (CAN) shares are Amplify ETF Trust-Amplify Transformational Data Sharing ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF . Data provided on Dec 31, 2024 indicates that Amplify ETF Trust-Amplify Transformational Data Sharing ETF owns about 4.64 shares. This amounts to just over 1.32 percent of the company’s overall shares, with a $3.02 million market value. The same data shows that the other fund manager holds slightly less at 4.31, or about 1.22% of the stock, which is worth about $2.81 million.
