Canaan Inc ADR (NASDAQ: CAN) is -56.28% lower on its value in year-to-date trading and has touched a low of $0.72 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 $1.06 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $1.01, the stock is 3.16% and 3.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.88 million and changing -4.72% at the moment leaves the stock -23.11% off its SMA200. CAN registered -41.95% loss for a year compared to 6-month loss of -27.86%. The firm has a 50-day simple moving average (SMA 50) of $0.96828 and a 200-day simple moving average (SMA200) of $1.312575.
The stock witnessed a 0.00% gain in the last 1 month and extending the period to 3 months gives it a -1.94%, and is 7.46% 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 8.27% over the week and 8.08% over the month.
Canaan Inc ADR (CAN) has around 445 employees, a market worth around $269.63M and $189.34M in sales. Profit margin for the company is -158.65%. Distance from 52-week low is 40.28% and -71.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-75.25%).
with sales reaching $72.84M over the same period.The EPS is expected to grow by 77.30% this year, but quarterly earnings will post 24.10% year-over-year. Quarterly sales are estimated to grow 118.60% in year-over-year returns.
Canaan Inc ADR (CAN) Top Institutional Holders
The shares outstanding are 213.56M, and float is at 149.26M with Short Float at 16.04%.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 9.76 million shares valued at $9.76 million. The investor’s holdings represent 3.9371% of the CAN Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 9.09 million shares valued at $9.09 million to account for 3.6646 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.55 million shares representing 2.2371% and valued at over $5.55 million, while MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds 2.2321 of the shares totaling 5.54 million with a market value of $5.53 million.
Canaan Inc ADR (CAN) Insider Activity
#####
