Canaan Inc ADR (NASDAQ:CAN) traded at $1.97 at close of the session on current trade day and made an upward move of 8.24% on its previous day’s price.
Looking at the stock we see that its previous close was $1.82 and the beta (5Y monthly) reads 3.067 with the day’s price range being $1.71 – $1.99. 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 gained about 93.14% over that past 30 days.
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Canaan Inc ADR has a market cap of $539.27 million and is expected to release its quarterly earnings report in December.
On the other hand, looking at the outlook for the CAN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 33.70% off its SMA20 and 65.45% from its 50-day simple moving average. The RSI (14) is pointing at 68.28 while the volatility over the past week is 15.91% and jumps to 16.04% over the past one month. The beta value is 3.15, while the average true range (ATR) is currently pointing at 0.21. 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 -1.52% and -1.52% off the current price level respectively, although investors could be excited at the prospect of a -1.52% 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 8.30 million, while that of the preceding 10-day period stands at 23.49 million. Current shares outstanding are 213.56 million.
