Canaan Inc ADR (NASDAQ: CAN) is -26.27% lower on its value in year-to-date trading and has touched a low of $0.53 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 $0.84 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $0.8, the stock is 2.56% and 11.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 35.87 million and changing -5.07% at the moment leaves the stock -38.12% off its SMA200. CAN registered -61.16% loss for a year compared to 6-month loss of -62.44%. The firm has a 50-day simple moving average (SMA 50) of $0.71358 and a 200-day simple moving average (SMA200) of $1.28686.
The stock witnessed a 30.07% gain in the last 1 month and extending the period to 3 months gives it a -0.46%, and is -11.42% 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 9.55% over the week and 10.52% over the month.
Canaan Inc ADR (CAN) has around 463 employees, a market worth around $228.41M and $317.01M in sales. Fwd P/E is 3.68. Profit margin for the company is -93.62%. Distance from 52-week low is 48.92% and -75.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-111.38%).
with sales reaching $95.36M over the same period.The EPS is expected to grow by 83.15% this year, but quarterly earnings will post 85.62% year-over-year. Quarterly sales are estimated to grow 32.70% in year-over-year returns.
Canaan Inc ADR (CAN) Top Institutional Holders
114.0 institutions hold shares in Canaan Inc ADR (CAN), with institutional investors hold 22.43% of the company’s shares. The shares outstanding are 286.84M, and float is at 267.47M with Short Float at 15.61%. Institutions hold 20.47% 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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