What should you know before buying stock in Canaan Inc. (CAN)

Canaan Inc. (NASDAQ: CAN) is -68.36% lower on its value in year-to-date trading and has touched a low of $1.76 and a high of $13.00 in the current 52-week trading range. The CAN stock was last observed hovering at around $1.93 in the recent trading session, with the current loss setting it -0.03%.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


At last check, trading at $1.90, the stock is -2.61% and -39.80% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.88 million and changing -1.55% at the moment leaves the stock -58.17% off its SMA200. CAN registered a loss of -68.46% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $2.2570 and a 200-day simple moving average (SMA200) of $4.1722.

The stock witnessed a -21.22% gain in the last 1 month and extending the period to 3 months gives it a -45.17%, and is 2.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.54% over the week and 7.47% over the month.

Canaan Inc. (CAN) has around 333 employees, a market worth around $314.03M and $204.20M in sales. Profit margin for the company is -69.70%. Distance from 52-week low is 7.95% and -85.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-128.60%).

Canaan Inc. (CAN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Canaan Inc. (CAN) is a “-“. 0 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to shrink by -945.00% this year.

Canaan Inc. (CAN) Top Institutional Holders

13 institutions hold shares in Canaan Inc. (CAN), with institutional investors hold 2.99% of the company’s shares. The shares outstanding are 158.15M, and float is at 132.90M with Short Float at 1.28%. Institutions hold 2.99% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 2.34 million shares valued at $7.11 million. The investor’s holdings represent 23.39% of the CAN Shares outstanding. As of Mar 30, 2020, the second largest holder is Invesco Ltd. with 0.38 million shares valued at $1.16 million to account for 3.81% of the shares outstanding. The other top investors are CSat Investment Advisory, L.P. which holds 0.21 million shares representing 2.13% and valued at over $0.65 million, while Toroso Investments, LLC holds 2.13% of the shares totaling 0.21 million with a market value of $0.65 million.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free