Canaan Inc ADR [NASDAQ: CAN] gained 33364088% or 26669999.37 points to close at $26670000.0 with a heavy trading volume of 33364088 shares.
It opened the trading session at $0.6352, the shares rose to $0.6373 and dropped to $0.5962, the range by which the price of stock traded the whole day. The daily chart for CAN points out that the company has recorded -80.30% loss over the past six months.
If we look at the average trading volume of 26.67M shares, CAN reached to a volume of 33364088 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $2.83 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 1.33. 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.
Northland Capital have made an estimate for Canaan Inc ADR shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on June 18, 2025. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on May 06, 2025, representing the official price target for Canaan Inc ADR stock. Previously, the target price had yet another raise to $2.50, while Compass Point analysts kept a Buy rating on CAN stock.
The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 0.34.
Trading performance analysis for CAN stock
Canaan Inc ADR [CAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.26. With this latest performance, CAN shares dropped by -20.19% in over the last four-week period, additionally sinking by -80.30% over the last 6 months – not to mention a drop of -70.31% in the past year of trading.
Canaan Inc ADR [CAN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Canaan Inc ADR [CAN] shares currently have an operating margin of -60.93% and a Gross Margin at -14.62%. Canaan Inc ADR’s Net Margin is presently recorded at -93.62%.
Return on Equity for this stock declined to -53.98%, with Return on Assets sitting at -53.98%.
An analysis of Institutional ownership at Canaan Inc ADR [CAN]
There are presently around $20.69%, or 22.67%% of CAN stock, in the hands of institutional investors. 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%.
