As of close of business last night, Canaan Inc ADR’s stock clocked out at $1.85, up 5.71% from its previous closing price of $1.75. In other words, the price has increased by $+0.1000 from its previous closing price. On the day, 31528537 shares were traded. CAN stock price reached its highest trading level at $1.9700 during the session, while it also had its lowest trading level at $1.8000.
Ratios:
To gain a deeper understanding of CAN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.69. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, H.C. Wainwright on July 06, 2022, initiated with a Buy rating and assigned the stock a target price of $5.
On June 08, 2022, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $9.
On April 05, 2022, DA Davidson started tracking the stock assigning a Buy rating and target price of $15.DA Davidson initiated its Buy rating on April 05, 2022, with a $15 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 432.98M and an Enterprise Value of 338.25M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 1.60 whereas that against EBITDA is -0.88.
Stock Price History:
The Beta on a monthly basis for CAN is 3.06, which has changed by -34.94% over the last 52 weeks, in comparison to a change of 27.55% over the same period for the S&P500. Over the past 52 weeks, CAN has reached a high of $3.50, while it has fallen to a 52-week low of $1.13. The 50-Day Moving Average of the stock is 1.9735, while the 200-Day Moving Average is calculated to be 2.0744.
Shares Statistics:
It appears that CAN traded 21.76M shares on average per day over the past three months and 30.42M shares per day over the past ten days. A total of 150.27M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of Jan 31, 2024 were 22.34M with a Short Ratio of 1.01, compared to 21.74M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.54% and a Short% of Float of 9.54%.
Earnings Estimates
As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.13, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.11 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.42 and -$0.42 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
In the current quarter, 1 analysts expect revenue to total $43.07M. It ranges from a high estimate of $43.07M to a low estimate of $43.07M. As of the current estimate, Canaan Inc ADR’s year-ago sales were $50.1M, an estimated decrease of -14.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $49.31M, a decrease of -29.50% less than the figure of -$14.00% in the same quarter last year. There is a high estimate of $49.31M for the next quarter, whereas the lowest estimate is $49.31M.
A total of 2 analysts have provided revenue estimates for CAN’s current fiscal year. The highest revenue estimate was $236.2M, while the lowest revenue estimate was $205.8M, resulting in an average revenue estimate of $221M. In the same quarter a year ago, actual revenue was $220.72M, up 0.10% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $897.07M in the next fiscal year. The high estimate is $897.07M and the low estimate is $897.07M. The average revenue growth estimate for next year is up 305.90% from the average revenue estimate for this year.
