Canaan Inc ADR [CAN] stock is trading at $0.68, up 13.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CAN shares have gain 13.27% over the last week, with a monthly amount glided 4.27%, and 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 May 06, 2025, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $3. Previously, Compass Point started tracking the stock with Buy rating on March 18, 2025, and set its price target to $2.50. On September 18, 2024, B. Riley Securities initiated with a Buy rating and assigned a price target of $2 on the stock. Rosenblatt started tracking the stock assigning a Buy rating and suggested a price target of $3 on September 11, 2024. H.C. Wainwright initiated its recommendation with a Buy and recommended $5 as its price target on July 06, 2022. The Benchmark Company started tracking with a Buy rating for this stock on June 08, 2022, and assigned it a price target of $9. In a note dated April 05, 2022, DA Davidson initiated an Buy rating and provided a target price of $15 on this stock.
Canaan Inc ADR [CAN] stock has fluctuated between $0.53 and $3.27 over the past year. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Canaan Inc ADR [NASDAQ: CAN] shares were valued at $0.68 at the most recent close of the market. An investor can expect a potential return of 194.12% based on the average CAN price forecast.
Analyzing the CAN fundamentals
Canaan Inc ADR [NASDAQ:CAN] reported sales of 317.01M for the trailing twelve months, which represents a growth of 135.89%. Gross Profit Margin for this corporation currently stands at -0.31% with Operating Profit Margin at -0.84%, Pretax Profit Margin comes in at -0.64%, and Net Profit Margin reading is -0.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.54, Equity is -0.73 and Total Capital is -0.8. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
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 0.6376 points at the first support level, and at 0.5958 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7006, and for the 2nd resistance point, it is at 0.7218.
Ratios To Look Out For
For context, Canaan Inc ADR’s Current Ratio is 1.50. Also, the Quick Ratio is 1.11, while the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 0.73.
