In the past week, CAN stock has gone down by -11.41%, with a monthly decline of -35.14% and a quarterly plunge of -65.23%. The volatility ratio for the week is 14.70%, and the volatility levels for the last 30 days are 10.37% for Canaan Inc ADR The simple moving average for the last 20 days is -23.69% for CAN stock, with a simple moving average of -51.32% for the last 200 days.
Is It Worth Investing in Canaan Inc ADR (NASDAQ: CAN) Right Now?
CAN has 36-month beta value of 3.28. Analysts have mixed views 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 6.24% ratio of that float. The average trading volume of CAN on April 14, 2025 was 15.51M shares.
CAN) stock’s latest price update
Canaan Inc ADR (NASDAQ: CAN) has seen a rise in its stock price by 3.42 in relation to its previous close of 0.65. However, the company has experienced a -11.41% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-04-10 that SINGAPORE, April 10, 2025 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending March 31, 2025. Management Commentary “We continued to execute on our North American expansion plan, and our results demonstrate the successful relationships that we’ve built with our existing partners as well as our ability to find and negotiate favorable partnerships that are helping us to achieve our mining operations’ goals,” said Nangeng Zhang, chairman and chief executive officer of Canaan.
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 -46.80% 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 -79.37% of loss for the given period.
Volatility was left at 10.37%, however, over the last 30 days, the volatility rate increased by 14.70%, as shares sank -39.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.75% lower at present.
During the last 5 trading sessions, CAN fell by -11.41%, which changed the moving average for the period of 200-days by -36.96% in comparison to the 20-day moving average, which settled at $0.8838. In addition, Canaan Inc ADR saw -67.10% 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 -81.29, with -52.23 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 0.49. 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 1.87.
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.
