Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Canaan Inc ADR (NASDAQ: CAN) closed at $1.27 in the last session, up 2.42% from day before closing price of $1.24. In other words, the price has increased by $2.42 from its previous closing price. On the day, 13.12 million shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.16.
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 $0.72. The 50-Day Moving Average of the stock is -31.20%, while the 200-Day Moving Average is calculated to be -9.47%.
Shares Statistics:
A total of 267.51M shares are outstanding, with a floating share count of 267.47M.
