Canaan Inc ADR (NASDAQ: CAN) is -57.18% 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 $0.91 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.88, the stock is -16.98% and -41.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.54 million and changing -3.60% at the moment leaves the stock -37.31% off its SMA200. CAN registered -38.18% loss for a year compared to 6-month gain of -15.60%. The firm has a 50-day simple moving average (SMA 50) of $1.50158 and a 200-day simple moving average (SMA200) of $1.400315.
The stock witnessed a -32.99% loss in the last 1 month and extending the period to 3 months gives it a -61.67%, and is -17.96% 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 9.10% over the week and 9.91% over the month.
Fwd P/E is 1.28. Profit margin for the company is -92.73%. Distance from 52-week low is 21.92% and -73.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.74%).
with sales reaching $544.38M over the same period.The EPS is expected to grow by 153.56% this year, but quarterly earnings will post 180.93% year-over-year. Quarterly sales are estimated to grow 114.88% 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 24.54% of the company’s shares. The shares outstanding are 273.74M, and float is at 267.47M with Short Float at 6.06%. Institutions hold 24.54% 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 GOLDMAN SACHS GROUP INC holds 0.3239 of the shares totaling 0.8 million with a market value of $0.8 million.
Canaan Inc ADR (CAN) Insider Activity
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