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.
Canaan Inc ADR (NASDAQ: CAN) closed the day trading at $0.75 down -18.25% from the previous closing price of $0.92. In other words, the price has decreased by -$18.25 from its previous closing price. On the day, 18.91 million shares were traded. CAN stock price reached its highest trading level at $0.9768 during the session, while it also had its lowest trading level at $0.75.
Ratios:
For a better understanding of CAN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 2.63. 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 225744256 and an Enterprise Value of 2545488896. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at 12.037 whereas that against EBITDA is -7.711.
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 $0.89. The 50-Day Moving Average of the stock is -50.64%, while the 200-Day Moving Average is calculated to be -60.87%.
Shares Statistics:
Over the past 3-months, CAN traded about 16.85M shares per day on average, while over the past 10 days, CAN traded about 8984710 shares per day. A total of 213.56M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of 1711584000 were 26874553 with a Short Ratio of 1.60, compared to 1709164800 on 23288629. Therefore, it implies a Short% of Shares Outstanding of 26874553 and a Short% of Float of 11.4700004.
Earnings Estimates
At present, Calamos Alternative Nasdaq & Bo analysts are actively evaluating the performance of Canaan Inc ADR (CAN) in the stock market.The consensus estimate for the next quarter is $0.73, with high estimates of $354.66 and low estimates of $84.68.
