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Canaan Inc ADR (NASDAQ: CAN) closed the day trading at $0.99 down -2.27% from the previous closing price of $1.01. In other words, the price has decreased by -$2.27 from its previous closing price. On the day, 6.97 million shares were traded. CAN stock price reached its highest trading level at $1.0099 during the session, while it also had its lowest trading level at $0.952.
Ratios:
For a better understanding of CAN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.01 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, H.C. Wainwright on July 06, 2022, initiated with a Buy rating and assigned the stock a target price of $5.
On June 08, 2022, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $9.
On April 05, 2022, DA Davidson started tracking the stock assigning a Buy rating and target price of $15.DA Davidson initiated its Buy rating on April 05, 2022, with a $15 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 282409312 and an Enterprise Value of 4185142528. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 21.873 whereas that against EBITDA is -13.677.
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 $0.75. The 50-Day Moving Average of the stock is -2.32%, while the 200-Day Moving Average is calculated to be -35.94%.
Shares Statistics:
Over the past 3-months, CAN traded about 8.55M shares per day on average, while over the past 10 days, CAN traded about 6040730 shares per day. A total of 213.56M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of 1718323200 were 24767661 with a Short Ratio of 2.90, compared to 1715731200 on 28648864. Therefore, it implies a Short% of Shares Outstanding of 24767661 and a Short% of Float of 8.66.
