A share price of Canaan Inc ADR [CAN] is currently trading at $1.08, up 0.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The CAN shares have gain 10.60% over the last week, with a monthly amount drifted -30.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Canaan Inc ADR [NASDAQ: CAN] stock has seen the most recent analyst activity on March 18, 2025, when Compass Point initiated its Buy rating and assigned the stock a price target of $2.50. Previously, B. Riley Securities started tracking the stock with Buy rating on September 18, 2024, and set its price target to $2. On September 11, 2024, Rosenblatt initiated with a Buy rating and assigned a price target of $3 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $5 on July 06, 2022. The Benchmark Company initiated its recommendation with a Buy and recommended $9 as its price target on June 08, 2022. DA Davidson started tracking with a Buy rating for this stock on April 05, 2022, and assigned it a price target of $15.
Canaan Inc ADR experienced fluctuations in its stock price throughout the past year between $0.72 and $3.27. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Canaan Inc ADR [NASDAQ: CAN] shares were valued at $1.08 at the most recent close of the market. An investor can expect a potential return of 85.19% based on the average CAN price forecast.
Analyzing the CAN fundamentals
Trailing Twelve Months sales for Canaan Inc ADR [NASDAQ:CAN] were 229.63M which represents 120.92% growth. 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 0.09.
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 1.0467 points at the first support level, and at 1.0133 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1067, and for the 2nd resistance point, it is at 1.1333.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canaan Inc ADR [NASDAQ:CAN] is 1.99. On the other hand, the Quick Ratio is 0.96, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 0.99.
