Canaan Inc ADR (NASDAQ:CAN) currently has a daily average trading volume of 5.17M but it saw 5432341 shares traded in last market. With a market cap of 265.61M USD, the company’s current market price of $0.97 came falling about -3.93 while comparing to the previous closing price of $1.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.50 and as low as $0.72. In the recent trading on the day, stock has struck highest price mark of $0.96 while lowest mark touched by it was $1.02.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the B. Riley Securities which initiated the stock as “Buy” in its note to investors issued on September 18, 2024, recommending a price target of $2 for it. H.C. Wainwright also issued its recommendations for the stock as it initiated the price target for the stock is $5.
Over the week, CAN’s stock price is moving -2.97% down while it is 3.44% when we observe its performance for the past one month. Year-to-date it is -58.00% down and over the past year, the stock is showing a downside performance of -43.26%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.61 beaten by the consensus estimate of -0.12 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of -0.05 while estimate for next year EPS is -0.3. In next quarter, company is expected to be making quarterly sales of $82.65M as analysts are expecting the sales for current fiscal year at $258.85M and seeing the company making $411.05M in sales next year. Moreover, analysts are in estimates of $72.84M for current-quarter revenue.
Currently, Canaan Inc ADR’s total number of outstanding shares is 213.56M. Company’s return on investment (ROI) stands at -75.25% and return on equity (ROE) at -74.69%. Stock’s beta reads 3.09. Stock has a price to book (P/B) ratio of 0.74 while price to sale or P/S ratio amounts to 1.40. Its return on asset (ROA) is -56.46% on average.
