Canaan Inc ADR (NASDAQ:CAN) does about 6.08M shares in volume on a normal day but saw 6275571 shares change hands in the recent trading day. The company now has a market cap of 290.16M USD. Its current market price is $1.06, marking an increase of 6.91% compared to the previous close of $0.99. The 52 week high reached by this stock is $3.50 whilst the lowest price level in 52 weeks is $0.72.
Canaan Inc ADR (CAN) has a 20-day trading average at $0.9257 and the current price is -69.71% off the 52-week high compared with 47.22% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0179 and its 200-day simple moving average is $1.3862. If we look at the stock’s price movements over the week, volatility stands at 7.84%, which increases to 8.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.72 to suggest the stock is neutral.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 64.67% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 06, 2022 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $5. DA Davidson initiated its price target at $15.
The current price level is 14.99%, 4.20%, and -23.75% away from its SMA20, SMA50, and SMA200 respectively, with the CAN price moving below the 50-day SMA on current market day. Canaan Inc ADR (CAN) stock is up 8.56% over the week and 0.00% over the past month. Its price is -54.11% year-to-date and -45.92% over the past year.
To reach the target analysts have set, the stock logically needs to grow 64.67 percent from here.
Outstanding shares total 213.56M with insiders holding 0.00% of the shares and institutional holders owning 23.36% of the company’s common stock. The company has a return on investment of -75.25% and return on equity of -74.69%. The beta has a value of 3.10. Price to book ratio is 0.81 and price to sales ratio is 1.53.
