Canaan Inc ADR [NASDAQ: CAN] price surged by 3.99 percent to reach at $26859999.41.
A sum of 20123006 shares traded at recent session while its average daily volume was at 26.86M shares. Canaan Inc ADR shares reached a high of $0.6183 and dropped to a low of $0.583 until finishing in the latest session at $26860000.0.
The one-year CAN stock forecast points to a potential downside of -949116507.77. The average equity rating for CAN stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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 $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 0.67, 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 1.58. With this latest performance, CAN shares dropped by -2.21% in over the last four-week period, additionally sinking by -72.52% over the last 6 months – not to mention a drop of -69.84% in the past year of trading.
Insight into Canaan Inc ADR Fundamentals:
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%.
Canaan Inc ADR [CAN] Institutonal Ownership Details
There are presently around $20.71%, or 22.69% 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%.
