The price of Canaan Inc ADR (NASDAQ: CAN) closed at $1.52 in the last session, up 7.04% from day before closing price of $1.42. In other words, the price has increased by $+0.1000 from its previous closing price. On the day, 19254306 shares were traded.
Ratios:
We take a closer look at CAN’s different ratios to gain a better understanding of the stock. 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 353.84M and an Enterprise Value of 259.11M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 1.23 whereas that against EBITDA is -0.67.
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 $1.13. The 50-Day Moving Average of the stock is 1.6059, while the 200-Day Moving Average is calculated to be 1.9864.
Shares Statistics:
According to the various share statistics, CAN traded on average about 20.46M shares per day over the past 3-months and 14.4M shares per day over the past 10 days. A total of 150.27M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of Mar 15, 2024 were 23.2M with a Short Ratio of 1.13, compared to 22.06M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.90% and a Short% of Float of 9.90%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.36 for the current quarter, with a high estimate of -$0.36 and a low estimate of -$0.36, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.41, with high estimates of -$0.41 and low estimates of -$0.41.
Analysts are recommending an EPS of between -$1.52 and -$1.52 for the fiscal current year, implying an average EPS of -$1.52. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $30.23M. It ranges from a high estimate of $30.36M to a low estimate of $30.1M. As of the current estimate, Canaan Inc ADR’s year-ago sales were $50.1M, an estimated decrease of -39.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $67.51M, a decrease of -3.40% over than the figure of -$39.70% in the same quarter last year. There is a high estimate of $70.2M for the next quarter, whereas the lowest estimate is $64.81M.
A total of 2 analysts have provided revenue estimates for CAN’s current fiscal year. The highest revenue estimate was $294.2M, while the lowest revenue estimate was $214.83M, resulting in an average revenue estimate of $254.51M. In the same quarter a year ago, actual revenue was $220.72M, up 15.30% 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 252.50% from the average revenue estimate for this year.
