Canaan Inc. (NASDAQ: CAN) is 5.06% higher on its value in year-to-date trading and has touched a low of $1.76 and a high of $8.69 in the current 52-week trading range. The CAN stock was last observed hovering at around $6.23 in the last trading session, with the day’s gains setting it 0.46%.
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.
Currently trading at $6.69, the stock is 52.86% and 79.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.26 million and changing 7.38% at the moment leaves the stock 125.96% off its SMA200. CAN registered 7.04% gain for a year compared to 6-month gain of 217.86%. The firm has a 50-day simple moving average (SMA 50) of $4.42 and a 200-day simple moving average (SMA200) of $2.66.
The stock witnessed a 67.92% loss in the last 1 month and extending the period to 3 months gives it a 226.18%, and is 56.53% 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 18.31% over the week and 13.51% over the month.
Canaan Inc. (CAN) has around 333 employees, a market worth around $720.50M and $133.80M in sales. Distance from 52-week low is 280.11% and -23.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-128.70%).
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
23 institutions hold shares in Canaan Inc. (CAN), with institutional investors hold 7.20% of the company’s shares. The shares outstanding are 156.67M, and float is at 131.33M with Short Float at 3.81%. Institutions hold 7.20% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 2.71 million shares valued at $5.08 million. The investor’s holdings represent 2.02% of the CAN Shares outstanding. As of Sep 29, 2020, the second largest holder is Invesco Ltd. with 1.18 million shares valued at $2.21 million to account for 0.88% of the shares outstanding. The other top investors are Millennium Management LLC which holds 0.73 million shares representing 0.55% and valued at over $1.37 million, while Point72 Asset Management, L.P. holds 0.45% of the shares totaling 0.6 million with a market value of $1.12 million.