For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Canaan Inc ADR (NASDAQ: CAN) closed at $1.80 in the last session, up 2.27% from day before closing price of $1.76. In other words, the price has increased by $2.27 from its previous closing price. On the day, 5.41 million shares were traded. CAN stock price reached its highest trading level at $1.9 during the session, while it also had its lowest trading level at $1.78.
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 0.96 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, B. Riley Securities on September 18, 2024, initiated with a Buy rating and assigned the stock a target price of $2.
On September 11, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $3.
On July 06, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $5.H.C. Wainwright initiated its Buy rating on July 06, 2022, with a $5 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 518912960 and an Enterprise Value of 7160248320. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 37.817 whereas that against EBITDA is -26.465.
Stock Price History:
The Beta on a monthly basis for CAN is 3.29, which has changed by -0.08808291 over the last 52 weeks, in comparison to a change of 0.23147523 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 $0.72. The 50-Day Moving Average of the stock is -11.76%, while the 200-Day Moving Average is calculated to be 40.57%.
Shares Statistics:
According to the various share statistics, CAN traded on average about 17.76M shares per day over the past 3-months and 16875290 shares per day over the past 10 days. A total of 267.51M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of 1730332800 were 23448421 with a Short Ratio of 1.16, compared to 1727654400 on 22681764. Therefore, it implies a Short% of Shares Outstanding of 23448421 and a Short% of Float of 8.790000000000001.
