Canaan Inc ADR (NASDAQ: CAN) is -59.37% lower on its value in year-to-date trading and has touched a low of $0.64 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 $0.80 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.83, the stock is 8.05% and -21.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.75 million and changing 4.12% at the moment leaves the stock -39.35% off its SMA200. CAN registered -12.42% loss for a year compared to 6-month loss of -17.52%. The firm has a 50-day simple moving average (SMA 50) of $1.06558 and a 200-day simple moving average (SMA200) of $1.37348.
The stock witnessed a -11.39% gain in the last 1 month and extending the period to 3 months gives it a -60.14%, and is 19.55% 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 6.83% over the week and 9.44% over the month.
Canaan Inc ADR (CAN) has around 463 employees, a market worth around $238.94M and $269.32M in sales. Fwd P/E is 1.22. Profit margin for the company is -92.73%. Distance from 52-week low is 29.15% and -74.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.74%).
with sales reaching $545.72M over the same period.The EPS is expected to grow by 153.51% this year, but quarterly earnings will post 181.38% year-over-year. Quarterly sales are estimated to grow 115.41% in year-over-year returns.
Canaan Inc ADR (CAN) Top Institutional Holders
126.0 institutions hold shares in Canaan Inc ADR (CAN), with institutional investors hold 21.46% of the company’s shares. The shares outstanding are 286.84M, and float is at 267.47M with Short Float at 6.62%. Institutions hold 21.46% of the Float.
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 0.2371% 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 0.2207 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.55 million shares representing 0.1347% and valued at over $5.55 million, while MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds 0.1344 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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