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The closing price of Canaan Inc ADR (NASDAQ: CAN) was $1.36 for the day, up 4.62% from the previous closing price of $1.30. In other words, the price has increased by $4.62 from its previous closing price. On the day, 12.09 million shares were traded. CAN stock price reached its highest trading level at $1.43 during the session, while it also had its lowest trading level at $1.17.
Ratios:
Our analysis of CAN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 2.83. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
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 374061184 and an Enterprise Value of 5822261760. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 30.75 whereas that against EBITDA is -21.52.
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 $0.72. The 50-Day Moving Average of the stock is 35.44%, while the 200-Day Moving Average is calculated to be 15.84%.
Shares Statistics:
CAN traded an average of 5.43M shares per day over the past three months and 7659420 shares per day over the past ten days. A total of 213.56M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of 1728950400 were 24161635 with a Short Ratio of 4.45, compared to 1726185600 on 23947840. Therefore, it implies a Short% of Shares Outstanding of 24161635 and a Short% of Float of 9.0500005.
