Canaan Inc ADR [NASDAQ: CAN] stock went on an upward path that rose over 14.89% on Friday, amounting to a one-week price increase of more than 8.89%.
Over the last 12 months, CAN stock dropped by -11.62%. The one-year Canaan Inc ADR stock forecast points to a potential upside of 80.77. 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 $214.73 million, with 286.84 million shares outstanding and 267.47 million shares in the current float. Compared to the average trading volume of 16.17M shares, CAN stock reached a trading volume of 45489146 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 $3.90 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.
The Benchmark Company have made an estimate for Canaan Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 06, 2025. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on March 18, 2025, representing the official price target for Canaan Inc ADR stock. Previously, the target price had yet another raise to $2, while B. Riley Securities analysts kept a Buy rating on CAN stock.
The Average True Range (ATR) for Canaan Inc ADR is set at 0.08, with the Price to Sales ratio for CAN stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 0.34.
CAN Stock Performance Analysis:
Canaan Inc ADR [CAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.89. With this latest performance, CAN shares gained by 1.15% in over the last four-week period, additionally sinking by -42.85% over the last 6 months – not to mention a drop of -11.62% 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 48.17, with the RSI for the last a single of trading hit 55.49, and the three-weeks RSI is set at 43.85 for Canaan Inc ADR [CAN]. The present Moving Average for the last 50 days of trading for this stock 0.8830, while it was recorded at 0.6443 for the last single week of trading, and 1.3509 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 1.21 and a Current Ratio set at 1.85.
Canaan Inc ADR [CAN] Institutonal Ownership Details
The top three institutional holders of CAN stocks are: VAN ECK ASSOCIATES CORP with ownership of 9.76 million shares, which is approximately 0.2371%. STATE STREET CORP, holding 9.09 million shares of the stock with an approximate value of $$9.09 million in CAN stocks shares; and STATE STREET CORP, currently with $$5.55 million in CAN stock with ownership which is approximately 0.1347%.
