Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Canaan Inc ADR (NASDAQ: CAN) was $0.96 for the day, up 1.64% from the previous closing price of $0.94. In other words, the price has increased by $1.64 from its previous closing price. On the day, 5.21 million shares were traded. CAN stock price reached its highest trading level at $0.9839 during the session, while it also had its lowest trading level at $0.9353.
Ratios:
Our analysis of CAN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 2.83. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on September 18, 2024, initiated with a Buy rating and assigned the stock a target price of $2.
On September 11, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $3.
On July 06, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $5.H.C. Wainwright initiated its Buy rating on July 06, 2022, with a $5 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAN now has a Market Capitalization of 274877056 and an Enterprise Value of 4075541504. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 21.525 whereas that against EBITDA is -15.064.
Stock Price History:
Over the past 52 weeks, CAN has reached a high of $3.50, while it has fallen to a 52-week low of $0.72. The 50-Day Moving Average of the stock is -0.75%, while the 200-Day Moving Average is calculated to be -23.80%.
Shares Statistics:
CAN traded an average of 5.34M shares per day over the past three months and 4615420 shares per day over the past ten days. A total of 213.56M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of 1727654400 were 22681764 with a Short Ratio of 4.25, compared to 1724976000 on 23739205. Therefore, it implies a Short% of Shares Outstanding of 22681764 and a Short% of Float of 8.5.
