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As of close of business last night, Canaan Inc ADR’s stock clocked out at $1.03, up 1.98% from its previous closing price of $1.01. In other words, the price has increased by $1.98 from its previous closing price. On the day, 3.76 million shares were traded. CAN stock price reached its highest trading level at $1.04 during the session, while it also had its lowest trading level at $1.0.
Ratios:
To gain a deeper understanding of CAN’s stock, we examine its different ratios. 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 296371168 and an Enterprise Value of 4397953024. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 23.228 whereas that against EBITDA is -16.255.
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 6.93%, while the 200-Day Moving Average is calculated to be -20.93%.
Shares Statistics:
It appears that CAN traded 5.44M shares on average per day over the past three months and 6122360 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 1726185600 were 23947840 with a Short Ratio of 4.40, compared to 1723680000 on 25065232. Therefore, it implies a Short% of Shares Outstanding of 23947840 and a Short% of Float of 8.9700006.
