Canaan Inc ADR [NASDAQ: CAN] stock went on an upward path that rose over 0.38% on Monday, amounting to a one-week price decrease of less than -12.93%.
Over the last 12 months, CAN stock dropped by -41.21%. The one-year Canaan Inc ADR stock forecast points to a potential upside of 82.65. The average equity rating for CAN stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $204.46 million, with 267.51 million shares outstanding and 267.47 million shares in the current float. Compared to the average trading volume of 15.33M shares, CAN stock reached a trading volume of 16221250 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Canaan Inc ADR [CAN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAN shares is $4.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Compass Point have made an estimate for Canaan Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 18, 2025. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on September 18, 2024, representing the official price target for Canaan Inc ADR stock. Previously, the target price had yet another raise to $3, while Rosenblatt analysts kept a Buy rating on CAN stock.
The Average True Range (ATR) for Canaan Inc ADR is set at 0.11, with the Price to Sales ratio for CAN stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 0.36.
CAN Stock Performance Analysis:
Canaan Inc ADR [CAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.93. With this latest performance, CAN shares dropped by -39.82% in over the last four-week period, additionally sinking by -24.33% over the last 6 months – not to mention a drop of -41.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAN stock in for the last two-week period is set at 27.87, with the RSI for the last a single of trading hit 24.53, and the three-weeks RSI is set at 31.30 for Canaan Inc ADR [CAN]. The present Moving Average for the last 50 days of trading for this stock 1.3730, while it was recorded at 0.8222 for the last single week of trading, and 1.3936 for the last 200 days.
Insight into Canaan Inc ADR Fundamentals:
Canaan Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.34 and a Current Ratio set at 1.87.
Canaan Inc ADR [CAN] Institutonal Ownership Details
There are presently around $24.58%, or 24.58%% of CAN stock, in the hands of institutional investors. The top three institutional holders of CAN stocks are: VANGUARD GROUP INC with ownership of 5.55 million shares, which is approximately 2.2371%. SG AMERICAS SECURITIES, LLC, holding 5.27 million shares of the stock with an approximate value of $$5.26 million in CAN stocks shares; and SG AMERICAS SECURITIES, LLC, currently with $$0.8 million in CAN stock with ownership which is approximately 0.3239%.
