Canaan Inc ADR (NASDAQ:CAN) traded at $2.97 at close of the session on Tuesday, December 17 and made a downward move of -3.88% on its previous day’s price.
Looking at the stock we see that its previous close was $3.09 and the beta (5Y monthly) reads 3.067 with the day’s price range being $2.865 – $3.19. 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 80.00% over that past 30 days.
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Canaan Inc ADR has a market cap of $813.01 million and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 580.59M, with a low of 579.93M and a high of 581.11M. The median projection represents growth squeezing down to 64.38% 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 1.89B, or 24.22% 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 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 27.60% off its SMA20 and 79.47% from its 50-day simple moving average. The RSI (14) is pointing at 66.87 while the volatility over the past week is 12.47% and jumps to 15.54% over the past one month. The beta value is 3.27, while the average true range (ATR) is currently pointing at 0.32. 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 32.66% and 32.66% off the current price level respectively, although investors could be excited at the prospect of a 32.66% 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 14.07 million, while that of the preceding 10-day period stands at 29.12 million. Current shares outstanding are 267.51 million.
