Canaan Inc ADR (NASDAQ: CAN) is -7.32% lower on its value in year-to-date trading and has touched a low of $0.72 and a high of $3.27 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 $1.89 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.90, the stock is -3.31% and -13.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.59 million and changing 0.53% at the moment leaves the stock 40.48% off its SMA200. CAN registered 48.44% gain for a year compared to 6-month gain of 108.33%. The firm has a 50-day simple moving average (SMA 50) of $2.2018 and a 200-day simple moving average (SMA200) of $1.347755.
The stock witnessed a -1.55% loss in the last 1 month and extending the period to 3 months gives it a 28.38%, and is -3.55% down 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 7.23% over the week and 9.60% over the month.
Canaan Inc ADR (CAN) has around 445 employees, a market worth around $508.27M and $229.63M in sales. Fwd P/E is 5.24. Profit margin for the company is -128.84%. Distance from 52-week low is 163.89% and -41.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-86.66%).
with sales reaching $583.36M over the same period.The EPS is expected to grow by 70.86% this year, but quarterly earnings will post 24.54% year-over-year. Quarterly sales are estimated to grow 65.16% in year-over-year returns.
Canaan Inc ADR (CAN) Top Institutional Holders
The shares outstanding are 267.51M, and float is at 267.51M with Short Float at 7.55%.
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
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