Canaan Inc ADR (NASDAQ:CAN) concluded the trading at $0.83 on Wednesday, May 14 with a fall of -5.44% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.88 and 5Y monthly beta was reading 3.275 with its price kept floating in the range of $0.82 and $0.925 on the day. Considering stock’s 52-week price range provides that CAN hit a high price of $3.27 and saw its price falling to a low level of $0.53 during that period. Over a period of past 1-month, stock came adding 11.55% in its value.
In contrast, when we review CAN stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 50% Sell for it.
Digging deeper we become aware of the PEG ratio of the CAN stock which is currently positioned at 0. It further provides that stock’s current price level is 13.69% away from its 20-day simple moving average and is -2.94% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 54.28 while volatility remained at 12.22% over the past week which changes to 9.30% when measuring it over the past month. Beta is valued at 3.48, while measure of average true range or ATR is currently at 0.09. In predicting price targets of as low as $2 and as high as $2, analysts are in agreement on assigning the stock over the next 12 months average price target of $2. Stock’s current price level is -140.96% above from estimated low price target while it is -140.96% below the estimated high; and even if the CAN’s share succeeded to reach the median price of $2, then the outlook of -140.96% could come to the excitement of the investors.
Having a second look at Canaan Inc ADR (NASDAQ:CAN) provides that stock’s average daily trading volume for 3 months was 17.71 million, while it jumped to 33639480 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 286.84 million.
The figures also indicate that as of 2025-04-30, number of stock’s short shares was 21.7 million which implies a short ratio of 1.49. This shows up a 569.00 of Short Interest in company’s outstanding shares on the day. In April the standing of shares short improved as it was 16.69 million in the previous month. Subtraction of -59.29% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
