Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Canaan Inc ADR (NASDAQ: CAN) was $0.78 for the day, down -2.59% from the previous closing price of $0.80. In other words, the price has decreased by -$2.59 from its previous closing price. On the day, 6.82 million shares were traded.
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 1.21 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.03.
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, Compass Point on March 18, 2025, initiated with a Buy rating and assigned the stock a target price of $2.50.
On September 18, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $2.
On September 11, 2024, Rosenblatt started tracking the stock assigning a Buy rating and target price of $3.Rosenblatt initiated its Buy rating on September 11, 2024, with a $3 target price.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 0.84.
Stock Price History:
Over the past 52 weeks, CAN has reached a high of $3.27, while it has fallen to a 52-week low of $0.64. The 50-Day Moving Average of the stock is -24.00%, while the 200-Day Moving Average is calculated to be -43.11%.
Shares Statistics:
A total of 286.84M shares are outstanding, with a floating share count of 267.47M.
