Canaan Inc ADR (NASDAQ:CAN) traded at $0.72 at close of the session on Friday, July 11 and made an upward move of 0.35% on its previous day’s price.
Looking at the stock we see that its previous close was $0.72 and the beta (5Y monthly) reads 3.337 with the day’s price range being $0.7177 – $0.769. In terms of its 52-week price range, CAN has a high of $3.27 and a low of $0.53. The company’s stock has gained about 1.04% over that past 30 days.
Canaan Inc ADR has a market cap of $206.64 million and is expected to release its quarterly earnings report on 2025-May-20.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 672.68M, with a low of 540.03M and a high of 718.06M. The median projection represents growth squeezing down to 31.16% 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 3.76B, or 92.20% 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 50% Sell.
Looking further, we note the current price level is 9.50% off its SMA20 and 6.31% from its 50-day simple moving average. The RSI (14) is pointing at 56.93 while the volatility over the past week is 7.49% and jumps to 7.72% over the past one month. 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 -177.78% and -177.78% off the current price level respectively, although investors could be excited at the prospect of a -177.78% 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 29.10 million, while that of the preceding 10-day period stands at 29.21 million. Current shares outstanding are 286.84 million.
