Canaan Inc ADR (NASDAQ:CAN) price on Thursday, July 24, fall -3.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.84.
A look at the stock’s price movement, the close in the last trading session was $0.87, moving within a range at $0.825 and $0.8675. The beta value (5-Year monthly) was 3.294. Turning to its 52-week performance, $3.27 and $0.53 were the 52-week high and 52-week low respectively. Overall, CAN moved 29.15% over the past month.
Canaan Inc ADR’s market cap currently stands at around $240.60 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-20.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CAN is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
CAN’s current price about 9.36% and 17.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.09, while 7-day volatility ratio is 12.61% and 11.12% in the 30-day chart. Further, Canaan Inc ADR (CAN) has a beta value of 3.28. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $2 and high of $2. Looking at the price targets, the low is -138.1% off current price level while to achieve the yearly target high, price needs to move -138.1%. Nonetheless, investors will most likely welcome a -138.1% jump to $2 which is the analysts’ median price.
If we refocus on Canaan Inc ADR (NASDAQ:CAN), historical trading data shows that trading volumes averaged 80.28 over the past 10 days and 39.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 286.84 million shares.
Also important is the data on short interest which shows that short shares stood at 42.65 million on 2025-06-30, giving us a short ratio of 1.38. The data shows that as of 2025-06-30 short interest in Canaan Inc ADR (CAN) stood at 1011.0 of shares outstanding, with shares short rising to 38.79 million registered in 2025-05-30. Current price change has pushed the stock -27.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CAN stock continues to rise going into the next quarter.
