Canaan Inc ADR (NASDAQ: CAN) is -42.44% 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 $1.31 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $1.18, the stock is -29.11% and -39.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.31 million and changing -9.92% at the moment leaves the stock -15.65% off its SMA200. CAN registered -36.22% loss for a year compared to 6-month gain of 22.24%.
The stock witnessed a -47.09% loss in the last 1 month and extending the period to 3 months gives it a -34.44%, and is -23.87% 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 16.97% over the week and 9.84% over the month.
Canaan Inc ADR (CAN) has around 445 employees, a market worth around $315.66M and $229.63M in sales. Fwd P/E is 3.28. Profit margin for the company is -128.84%. Distance from 52-week low is 63.89% and -63.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-86.66%).
with sales reaching $579.2M over the same period.The EPS is expected to grow by 70.86% this year, but quarterly earnings will post 24.36% year-over-year. Quarterly sales are estimated to grow 63.99% in year-over-year returns.
Canaan Inc ADR (CAN) Top Institutional Holders
The shares outstanding are 267.51M, and float is at 267.47M with Short Float at 7.10%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.55 million shares valued at $5.55 million. The investor’s holdings represent 2.2371% of the CAN Shares outstanding. As of 2024-06-30, the second largest holder is SG AMERICAS SECURITIES, LLC with 5.27 million shares valued at $5.26 million to account for 2.1232 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 2.44 million shares representing 0.9858% and valued at over $2.44 million, while BLACKROCK INC. holds 0.4564 of the shares totaling 1.13 million with a market value of $1.13 million.
Canaan Inc ADR (CAN) Insider Activity
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