Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Canaan Inc ADR (NASDAQ: CAN) closed at $0.91 in the last session, down -0.68% from day before closing price of $0.92. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 9.49 million shares were traded. CAN stock price reached its highest trading level at $0.9387 during the session, while it also had its lowest trading level at $0.8682.
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 1.34 and its Current Ratio is at 1.87. 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:
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 340677312 and an Enterprise Value of 4132043776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 15.342 whereas that against EBITDA is -25.288.
Stock Price History:
The Beta on a monthly basis for CAN is 3.48, which has changed by -0.34928572 over the last 52 weeks, in comparison to a change of 0.06429911 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 -40.17%, while the 200-Day Moving Average is calculated to be -35.02%.
Shares Statistics:
According to the various share statistics, CAN traded on average about 15.68M shares per day over the past 3-months and 20119590 shares per day over the past 10 days. A total of 273.74M shares are outstanding, with a floating share count of 267.47M. Shares short for CAN as of 1741910400 were 16200048 with a Short Ratio of 1.03, compared to 1739491200 on 18991187. Therefore, it implies a Short% of Shares Outstanding of 16200048 and a Short% of Float of 4.81.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
