Canaan Inc ADR [CAN] stock prices are up 15.30% to $1.07 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CAN shares have gain 16.76% over the last week, with a monthly amount glided 28.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Canaan Inc ADR [NASDAQ: CAN] stock has seen the most recent analyst activity on September 11, 2024, when Rosenblatt initiated its Buy rating and assigned the stock a price target of $3. Previously, H.C. Wainwright started tracking the stock with Buy rating on July 06, 2022, and set its price target to $5. On June 08, 2022, The Benchmark Company initiated with a Buy rating and assigned a price target of $9 on the stock. DA Davidson started tracking the stock assigning a Buy rating and suggested a price target of $15 on April 05, 2022.
The stock price of Canaan Inc ADR [CAN] has been fluctuating between $0.72 and $3.50 over the past year. Canaan Inc ADR [NASDAQ: CAN] shares were valued at $1.07 at the most recent close of the market.
Analyzing the CAN fundamentals
The Canaan Inc ADR [NASDAQ:CAN] reported sales of 189.34M for trailing twelve months, representing a drop of -2.70%. Gross Profit Margin for this corporation currently stands at -0.95% with Operating Profit Margin at -1.66%, Pretax Profit Margin comes in at -1.82%, and Net Profit Margin reading is -1.59%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is -0.8 and Total Capital is -0.77. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9567 points at the first support level, and at 0.8433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1567, and for the 2nd resistance point, it is at 1.2433.
Ratios To Look Out For
It’s worth pointing out that Canaan Inc ADR [NASDAQ:CAN]’s Current Ratio is 2.83. As well, the Quick Ratio is 1.18, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 1.55, the price to book ratio is 0.81.
