These Numbers Show Favorable Signs for Canaan Inc ADR (CAN)

Canaan Inc ADR (NASDAQ: CAN) is 47.09% higher on its value in year-to-date trading and has touched a low of $1.13 and a high of $3.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAN stock was last observed hovering at around $3.17 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $3.03, the stock is 68.24% and 69.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.97 million and changing -4.42% at the moment leaves the stock 34.94% off its SMA200. CAN registered 41.59% gain for a year compared to 6-month loss of 37.10%. The firm has a 50-day simple moving average (SMA 50) of $1.03 and a 200-day simple moving average (SMA200) of -$6.09.

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The stock witnessed a 75.14% gain in the last 1 month and extending the period to 3 months gives it a 80.36%, and is 37.73% 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 23.38% over the week and 15.28% over the month.

Canaan Inc ADR (CAN) has around 541 employees, a market worth around $455.32M and $217.48M in sales. Profit margin for the company is -154.84%. Distance from 52-week low is 168.14% and -23.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-92.56%).

Canaan Inc ADR (CAN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Canaan Inc ADR (CAN) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Canaan Inc ADR is expected to release its quarterly report on 04/10/2024.The EPS is expected to shrink by -124.33% this year.

Canaan Inc ADR (CAN) Top Institutional Holders

The shares outstanding are 150.27M, and float is at 149.26M with Short Float at 8.97%.