With 26.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 15.21 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $1.08 whereas the lowest price it dropped to was $0.9502. The 52-week range on CAN shows that it touched its highest point at $3.27 and its lowest point at $0.72 during that stretch. It currently has a 1-year price target of $4.05. Beta for the stock currently stands at 3.43.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CAN was down-trending over the past week, with a drop of -7.00%, but this was down by -45.45% over a month. Three-month performance dropped to -64.62% while six-month performance fell -8.74%. The stock lost -23.11% in the past year, while it has lost -52.37% so far this year. A look at the trailing 12-month EPS for CAN yields -1.35 with Next year EPS estimates of 0.28. For the next quarter, that number is -0.09. This implies an EPS growth rate of 68.59% for this year and 153.91% for next year.
Float and Shares Shorts:
At present, 267.51 million CAN shares are outstanding with a float of 267.47 million shares on hand for trading. On 2025-02-28, short shares totaled 17.62 million, which was 493.0 higher than short shares on 1738281600. In addition to Mr. Nangeng Zhang as the firm’s Chairman & CEO, Mr. James Jin Cheng serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.25100002 of CAN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CAN reported revenue of $73608000.0 and operating income of -$50383000.0. The EBITDA in the recently reported quarter was -$47489000.0 and diluted EPS was -$0.273.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With CAN analysts setting a high price target of 8.002488 and a low target of 2.4992054, the average target price over the next 12 months is 4.0629673. Based on these targets, CAN could surge 716.58% to reach the target high and rise by 155.02% to reach the target low. Reaching the average price target will result in a growth of 314.59% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$3.36825 being high and -$3.5086 being low. For CAN, this leads to a yearly average estimate of -$3.46182. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
