Canaan Inc ADR (NASDAQ:CAN) traded at $0.75 at close of the session on Friday, May 09 and made an upward move of 14.89% on its previous day’s price.
Canaan Inc ADR has a market cap of $214.73 million and is expected to release its quarterly earnings report in June.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 621.61M, with a low of 544.01M and a high of 753.02M. The median projection represents growth squeezing down to 145.37% 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 5.58B, or 185.66% 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 50% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is 4.63% off its SMA20 and -15.23% from its 50-day simple moving average. The RSI (14) is pointing at 48.17 while the volatility over the past week is 14.52% and jumps to 9.32% over the past one month. The beta value is 3.45, while the average true range (ATR) is currently pointing at 0.08. 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 -166.67% and -166.67% off the current price level respectively, although investors could be excited at the prospect of a -166.67% if the CAN share price touches on the median price of $2.
