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

Canaan Inc ADR (NASDAQ: CAN) is -30.74% lower on its value in year-to-date trading and has touched a low of $1.13 and a high of $3.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CAN stock was last observed hovering at around $1.54 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $1.60, the stock is -0.67% and -13.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 30.03 million and changing 3.90% at the moment leaves the stock -24.25% off its SMA200. CAN registered -50.31% loss for a year compared to 6-month loss of -42.45%. The firm has a 50-day simple moving average (SMA 50) of $0.69 and a 200-day simple moving average (SMA200) of -$4.06.

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The stock witnessed a -25.23% gain in the last 1 month and extending the period to 3 months gives it a -8.05%, and is 20.30% 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 12.04% over the week and 11.95% over the month.

Profit margin for the company is -154.84%. Distance from 52-week low is 41.59% and -54.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-92.56%).

Canaan Inc ADR quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $31.73M over the same period.The EPS is expected to shrink by -124.30% this year, but quarterly earnings will post -68.40% year-over-year. Quarterly sales are estimated to shrink -38.50% in year-over-year returns.

Canaan Inc ADR (CAN) Top Institutional Holders

111 institutions hold shares in Canaan Inc ADR (CAN), with institutional investors hold 19.16% of the company’s shares. The shares outstanding are 150.27M, and float is at 149.26M with Short Float at 14.96%. Institutions hold 19.16% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 6.17 million shares valued at $13.14 million. The investor’s holdings represent 3.63% of the CAN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.46 million shares valued at $7.38 million to account for 2.04% of the shares outstanding. The other top investors are State Street Corporation which holds 3.39 million shares representing 1.99% and valued at over $7.22 million, while Toroso Investments, LLC holds 1.71% of the shares totaling 2.91 million with a market value of $6.2 million.