Canaan Inc ADR (NASDAQ: CAN) is -47.80% 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 $1.11 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.07, the stock is -18.88% and -37.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.7 million and changing -3.60% at the moment leaves the stock -23.72% off its SMA200. CAN registered -21.90% loss for a year compared to 6-month gain of 15.30%. The firm has a 50-day simple moving average (SMA 50) of $1.7124 and a 200-day simple moving average (SMA200) of $1.40273.
The stock witnessed a -38.86% loss in the last 1 month and extending the period to 3 months gives it a -59.77%, and is -1.83% 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 6.94% over the week and 10.43% over the month.
Canaan Inc ADR (CAN) has around 445 employees, a market worth around $292.90M and $229.63M in sales. Fwd P/E is 2.93. Profit margin for the company is -128.84%. Distance from 52-week low is 48.61% and -67.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-86.66%).
with sales reaching $644.41M over the same period.The EPS is expected to grow by 70.86% this year, but quarterly earnings will post 28.48% year-over-year. Quarterly sales are estimated to grow 82.45% in year-over-year returns.
Canaan Inc ADR (CAN) Top Institutional Holders
127.0 institutions hold shares in Canaan Inc ADR (CAN), with institutional investors hold 25.09% of the company’s shares. The shares outstanding are 267.51M, and float is at 267.47M with Short Float at 6.59%. Institutions hold 25.09% of the Float.
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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