The price of Canaan Inc ADR (NASDAQ:CAN) shares last traded on Wall Street unchanged to $1.42.
CAN stock price is now -14.07% away from the 50-day moving average and -28.97% away from the 200-day moving average. The market capitalization of the company currently stands at $213.38M.
With the price target of $5, H.C. Wainwright recently initiated with Buy rating for Canaan Inc ADR (NASDAQ: CAN). On June 08, 2022, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $9, while ‘DA Davidson’ rates the stock as ‘Buy’
During the past 12 months, Canaan Inc ADR has had a low of $1.13 and a high of $3.50. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.69, and a quick ratio of 1.64. The fifty day moving average price for CAN is $1.6525 and a two-hundred day moving average price translates $1.9992 for the stock.
The latest earnings results from Canaan Inc ADR (NASDAQ: CAN) was released for Dec, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.55, missing analysts’ expectations of -$0.19 by -0.36. This compares to $0.04 EPS in the same period last year. The net profit margin was -195.84% and return on equity was -86.51% 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 $30.23M in revenue.
Canaan Inc ADR(CAN) Company Profile
Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People’s Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.
