Positives for Canaan Inc ADR (CAN) as stock gains in recent trading

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.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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.