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After finishing at $0.65 in the prior trading day, Canaan Inc ADR (NASDAQ: CAN) closed at $0.67, up 3.42%. In other words, the price has increased by $3.42 from its previous closing price. On the day, 23.99 million shares were traded. CAN stock price reached its highest trading level at $0.6937 during the session, while it also had its lowest trading level at $0.645.
Ratios:
Our goal is to gain a better understanding of CAN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.87. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.03.
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, Compass Point on March 18, 2025, initiated with a Buy rating and assigned the stock a target price of $2.50.
On September 18, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $2.
On September 11, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $3.Rosenblatt initiated its Buy rating on September 11, 2024, with a $3 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 252346640 and an Enterprise Value of 3042639872. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 11.297 whereas that against EBITDA is -18.621.
Stock Price History:
The Beta on a monthly basis for CAN is 3.28, which has changed by -0.4026549 over the last 52 weeks, in comparison to a change of 0.059571505 over the same period for the S&P500. Over the past 52 weeks, CAN has reached a high of $3.27, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is -46.80%, while the 200-Day Moving Average is calculated to be -51.32%.
Shares Statistics:
The stock has traded on average 15.51M shares per day over the past 3-months and 17221600 shares per day over the last 10 days, according to various share statistics. A total of 273.74M shares are outstanding, with a floating share count of 267.47M. Shares short for CAN as of 1743379200 were 16691264 with a Short Ratio of 1.08, compared to 1740700800 on 17622611. Therefore, it implies a Short% of Shares Outstanding of 16691264 and a Short% of Float of 4.73.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
