The stock of Canaan Inc ADR (CAN) has seen a -9.22% decrease in the past week, with a -7.92% drop in the past month, and a -10.88% decrease in the past quarter. The volatility ratio for the week is 7.27%, and the volatility levels for the past 30 days are at 8.51% for CAN. The simple moving average for the past 20 days is -3.02% for CAN’s stock, with a -34.60% simple moving average for the past 200 days.
Is It Worth Investing in Canaan Inc ADR (NASDAQ: CAN) Right Now?
CAN has 36-month beta value of 3.10. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CAN is 149.26M, and currently, short sellers hold a 16.79% ratio of that float. The average trading volume of CAN on August 30, 2024 was 5.94M shares.
CAN) stock’s latest price update
Canaan Inc ADR (NASDAQ: CAN) has seen a decline in its stock price by -10.88 in relation to its previous close of 1.01. However, the company has experienced a -9.22% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-26 that SINGAPORE, Aug. 26, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conference. Canaan’s management plans to host one-on-one meetings with institutional investors at the conference.
Analysts’ Opinion of CAN
Many brokerage firms have already submitted their reports for CAN stocks, with H.C. Wainwright repeating the rating for CAN by listing it as a “Buy.” The predicted price for CAN in the upcoming period, according to H.C. Wainwright is $5 based on the research report published on July 06, 2022 of the previous year 2022.
The Benchmark Company, on the other hand, stated in their research note that they expect to see CAN reach a price target of $9. The rating they have provided for CAN stocks is “Buy” according to the report published on June 08th, 2022.
DA Davidson gave a rating of “Buy” to CAN, setting the target price at $15 in the report published on April 05th of the previous year.
CAN Trading at -10.91% from the 50-Day Moving Average
After a stumble in the market that brought CAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.28% of loss for the given period.
Volatility was left at 8.51%, however, over the last 30 days, the volatility rate increased by 7.27%, as shares sank -2.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.65% lower at present.
During the last 5 trading sessions, CAN fell by -8.76%, which changed the moving average for the period of 200-days by -43.81% in comparison to the 20-day moving average, which settled at $0.9270. In addition, Canaan Inc ADR saw -61.03% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CAN
Current profitability levels for the company are sitting at:
- -1.66 for the present operating margin
- -0.95 for the gross margin
The net margin for Canaan Inc ADR stands at -1.59. The total capital return value is set at -0.77. Equity return is now at value -74.69, with -56.46 for asset returns.
Based on Canaan Inc ADR (CAN), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.54. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -22392.36.
Currently, EBITDA for the company is -241.77 million with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 23.21for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.88.
Conclusion
To put it simply, Canaan Inc ADR (CAN) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
