Moreover, the 36-month beta value for CAN is 3.45. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CAN is 267.47M and currently, short sellers hold a 6.59% of that float. On March 24, 2025, CAN’s average trading volume was 15.36M shares.
CAN) stock’s latest price update
The stock price of Canaan Inc ADR (NASDAQ: CAN) has dropped by -3.32 compared to previous close of 0.99. Despite this, the company has seen a fall of -13.64% in its stock price over the last five trading days. prnewswire.com reported 2025-03-17 that SINGAPORE, March 17, 2025 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2024, before the U.S. market opens on March 26, 2025. The Company’s management team will hold a conference call at 8:00 A.M.
CAN’s Market Performance
Canaan Inc ADR (CAN) has seen a -13.64% fall in stock performance for the week, with a -46.45% decline in the past month and a -67.72% plunge in the past quarter. The volatility ratio for the week is 8.91%, and the volatility levels for the past 30 days are at 11.08% for CAN. The simple moving average for the last 20 days is -17.79% for CAN’s stock, with a simple moving average of -31.63% for the last 200 days.
Analysts’ Opinion of CAN
Many brokerage firms have already submitted their reports for CAN stocks, with Compass Point repeating the rating for CAN by listing it as a “Buy.” The predicted price for CAN in the upcoming period, according to Compass Point is $2.50 based on the research report published on March 18, 2025 of the current year 2025.
B. Riley Securities, on the other hand, stated in their research note that they expect to see CAN reach a price target of $2. The rating they have provided for CAN stocks is “Buy” according to the report published on September 18th, 2024.
Rosenblatt gave a rating of “Buy” to CAN, setting the target price at $3 in the report published on September 11th of the previous year.
CAN Trading at -40.50% 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 -70.69% of loss for the given period.
Volatility was left at 11.08%, however, over the last 30 days, the volatility rate increased by 8.91%, as shares sank -42.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.78% lower at present.
During the last 5 trading sessions, CAN fell by -13.64%, which changed the moving average for the period of 200-days by -3.74% in comparison to the 20-day moving average, which settled at $1.1661. In addition, Canaan Inc ADR saw -53.24% 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:
- -1.15 for the present operating margin
- -0.63 for the gross margin
The net margin for Canaan Inc ADR stands at -1.34. The total capital return value is set at -0.94. Equity return is now at value -87.12, with -61.24 for asset returns.
The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -1259.48.
Currently, EBITDA for the company is -330.11 million with net debt to EBITDA at 0.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 29.58for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
To wrap up, the performance of Canaan Inc ADR (CAN) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
