At the time of writing, Canaan Inc ADR [CAN] stock is trading at $1.97, up 8.24%. 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 19.39% over the last week, with a monthly amount glided 93.14%, 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 18, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $2. Previously, Rosenblatt started tracking the stock with Buy rating on September 11, 2024, and set its price target to $3. On July 06, 2022, H.C. Wainwright initiated with a Buy rating and assigned a price target of $5 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $9 on June 08, 2022. DA Davidson initiated its recommendation with a Buy and recommended $15 as its price target on April 05, 2022.
For the past year, the stock price of Canaan Inc ADR fluctuated between $0.72 and $3.50. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Canaan Inc ADR [NASDAQ: CAN] shares were valued at $1.97 at the most recent close of the market. An investor can expect a potential return of 1.52% based on the average CAN price forecast.
Analyzing the CAN fundamentals
According to Canaan Inc ADR [NASDAQ:CAN], the company’s sales were 229.63M for trailing twelve months, which represents an 120.92% jump. Gross Profit Margin for this corporation currently stands at -0.63% with Operating Profit Margin at -1.15%, Pretax Profit Margin comes in at -1.45%, and Net Profit Margin reading is -1.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.76, Equity is -1.05 and Total Capital is -0.94. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 1.7900 points at the first support level, and at 1.6100 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0700, and for the 2nd resistance point, it is at 2.1700.
Ratios To Look Out For
It is important to note that Canaan Inc ADR [NASDAQ:CAN] has a current ratio of 2.03. As well, the Quick Ratio is 1.45, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 2.35, the price to book ratio is 1.80.
