Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Canaan Inc ADR (NASDAQ: CAN) was $2.32 for the day, up 4.50% from the previous closing price of $2.22. In other words, the price has increased by $4.50 from its previous closing price. On the day, 21.32 million shares were traded. CAN stock price reached its highest trading level at $2.365 during the session, while it also had its lowest trading level at $2.16.
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 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:
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 668821184 and an Enterprise Value of 7160248320. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.77 while its Price-to-Book (P/B) ratio in mrq is 2.12. Its current Enterprise Value per Revenue stands at 37.817 whereas that against EBITDA is -26.465.
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 19.85%, while the 200-Day Moving Average is calculated to be 83.37%.
Shares Statistics:
CAN traded an average of 16.39M shares per day over the past three months and 18754710 shares per day over the past ten days. A total of 267.51M shares are outstanding, with a floating share count of 149.26M. Shares short for CAN as of 1730332800 were 23448421 with a Short Ratio of 1.49, compared to 1727654400 on 22681764. Therefore, it implies a Short% of Shares Outstanding of 23448421 and a Short% of Float of 8.790000000000001.
