Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Canaan Inc ADR (NASDAQ: CAN) closed at $0.69 down -0.68% from its previous closing price of $0.69. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 12.62 million shares were traded. CAN stock price reached its highest trading level at $0.726 during the session, while it also had its lowest trading level at $0.6852.
Ratios:
For a deeper understanding of Canaan Inc ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.85. 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 288931488 and an Enterprise Value of 3100474112. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 11.512 whereas that against EBITDA is -15.93.
Stock Price History:
The Beta on a monthly basis for CAN is 3.46, which has changed by -0.21995467 over the last 52 weeks, in comparison to a change of 0.09765589 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 $0.64. The 50-Day Moving Average of the stock is -28.51%, while the 200-Day Moving Average is calculated to be -49.60%.
Shares Statistics:
For the past three months, CAN has traded an average of 14.52M shares per day and 14081100 over the past ten days. A total of 286.84M shares are outstanding, with a floating share count of 267.47M. Shares short for CAN as of 1744675200 were 17696585 with a Short Ratio of 1.22, compared to 1741910400 on 16200048. Therefore, it implies a Short% of Shares Outstanding of 17696585 and a Short% of Float of 5.0100001999999995.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The current assessment of Canaan Inc ADR (CAN) involves the perspectives of 1.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.07 and low estimates of -$0.07.
Analysts are recommending an EPS of between $0.37 and $0.37 for the fiscal current year, implying an average EPS of $0.37. EPS for the following year is $2.0, with 2.0 analysts recommending between $2.61 and $1.39.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $614.82M this quarter.It ranges from a high estimate of $753.02M to a low estimate of $544.01M. As of the current estimate, Canaan Inc ADR’s year-ago sales were $253.34MFor the next quarter, 3 analysts are estimating revenue of $981.68M. There is a high estimate of $1.09B for the next quarter, whereas the lowest estimate is $868.68M.
A total of 4 analysts have provided revenue estimates for CAN’s current fiscal year. The highest revenue estimate was $7.23B, while the lowest revenue estimate was $4.68B, resulting in an average revenue estimate of $5.56B. In the same quarter a year ago, actual revenue was $1.95BBased on 4 analysts’ estimates, the company’s revenue will be $6.84B in the next fiscal year. The high estimate is $9.85B and the low estimate is $4.68B.
