Canaan Inc ADR (NASDAQ:CAN) traded at $1.01 at close of the session on current trade day and made an upward move of 5.73% on its previous day’s price.
Looking at the stock we see that its previous close was $0.96 and the beta (5Y monthly) reads 3.092 with the day’s price range being $0.971 – $1.02. In terms of its 52-week price range, CAN has a high of $3.50 and a low of $0.72. The company’s stock has lost about -5.61% over that past 30 days.
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Canaan Inc ADR has a market cap of $276.48 million and is expected to release its quarterly earnings report in November. Estimates by analysts give the company expected earnings per share (EPS) of -0.05, with the EPS growth for the year raised at -0.2 for current year and -0.2 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 72.84M, with a low of 72.5M and a high of 73.03M. The median projection represents growth squeezing down to 118.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 262.46M, or 24.10% up from figures reported last year.
On the other hand, looking at the outlook for the CAN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 0.20% off its SMA20 and 4.76% from its 50-day simple moving average. The RSI (14) is pointing at 51.73 while the volatility over the past week is 4.48% and jumps to 6.69% over the past one month. The beta value is 3.09, while the average true range (ATR) is currently pointing at 0.07. The average price target for the stock over the next 12 months is $2, with the estimates having a low of $2 and a high of $2. These price ends are -98.02% and -98.02% off the current price level respectively, although investors could be excited at the prospect of a -98.02% if the CAN share price touches on the median price of $2.
Coming back to Canaan Inc ADR (NASDAQ:CAN), we note that the average 3-month trading volume was 5.37 million, while that of the preceding 10-day period stands at 4.3 million. Current shares outstanding are 213.56 million.
