In yesterday’s Wall Street session, Canaan Inc ADR (NASDAQ:CAN) shares traded at $1.22, down -3.94% from the previous session.
As of this writing, 2 analysts cover Canaan Inc ADR (NASDAQ:CAN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $39.34 and a low of $21.46, we find $30.40. Given the previous closing price of $1.27, this indicates a potential upside of 2293.7 percent. CAN stock price is now -30.09% away from the 50-day moving average and -46.24% away from the 200-day moving average. The market capitalization of the company currently stands at $183.33M.
There are 0 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $30.40 as their price target over the next twelve months.
With the price target of $5, H.C. Wainwright recently initiated with Buy rating for Canaan Inc ADR (NASDAQ: CAN).
During the past 12 months, Canaan Inc ADR has had a low of $1.25 and a high of $3.98. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.84, and a quick ratio of 1.45. The fifty day moving average price for CAN is $1.7452 and a two-hundred day moving average price translates $2.2693 for the stock.
The latest earnings results from Canaan Inc ADR (NASDAQ: CAN) was released for Sep, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.26 by -0.18. This compares to $0.04 EPS in the same period last year. The net profit margin was -154.84% and return on equity was -63.99% for CAN. The company reported revenue of $33.32 million for the quarter, compared to $145.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -77.11 percent. For the current quarter, analysts expect CAN to generate $31.79M in revenue.
