Do Analysts Expect Canaan Inc (CAN) Stock to Rise Next Year?

Tuesday, July 28, 2020 10:30 AM | InvestorsObserver Analysts

Analysts who follow Canaan Inc (CAN) on average expect it to fall -100.00% over the next twelve months. Those same analysts give the stock an average rating of Strong Sell.

That average rating earns CAN an Analyst Ranking of 0, which means it ranks higher than 0 of stocks, based on data compiled by InvestorsObserver.

Overall Score -
Wall Street analysts are rating CAN a Strong Sell today. Find out what this means to you and get the rest of the rankings on CAN!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Canaan Inc Stock Today?

Canaan Inc (CAN) stock is higher by 3% while the S&P 500 has fallen -0.14% as of 10:27 AM on Tuesday, Jul 28. CAN has risen $0.08 from the previous closing price of $2.50 on volume of 1,302,573 shares. Over the past year the S&P 500 is higher by 4.23% while CAN has fallen -71.30%. CAN lost -$0.91 per share the over the last 12 months.

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