Canaan (CAN) stock forecast for 2024

The forecast has been updated: November 30, 2021 14:24


Canaan stock price online today

Analyst Target Price

None

Dividend Date

-

Ex Dividend Date

-

Last Split Factor

Last Split Date

01.01.1970

Should you buy or sell Canaan stock stock today? What is the projected target price level for 2024? How much will it cost in 2024? Canaan stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2024.

We predict the dynamics of the stock market value using resonant artificial intelligence systems.

Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.

Forecasts are adjusted once a day taking into account the price change of the previous day.

To date, analysts have a $None target price for Canaan stock stock.

Today 200 Day Moving Average is the resistance level (11.48 $).

50 Day Moving Average is the support level (8.09 $).




CAN Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 10.89 10.18 12.46 18.25 %
Mar 11.79 10.77 13.08 17.68 %
Mar 10.69 10.09 11.92 15.33 %
Apr 8.82 7.79 9.80 20.56 %
May 8.34 7.23 8.82 18.04 %
Jun 7.67 7.39 8.18 9.62 %
Jul 8.05 7.17 9.16 21.69 %
Aug 9.39 8.78 9.81 10.51 %
Sep 9.51 8.39 10.14 17.21 %
Oct 8.98 8.54 9.90 13.71 %
Nov 9.46 8.75 10.36 15.61 %
Dec 10.43 9.31 11.56 19.49 %

The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Canaan stock.


Canaan overview

Canaan Address

1-2/F, QIANFANG SCIENCE BUILDING C, BUILDING NO. 27, ZHONGGUANCUN SOFTWARE P, HAIDIAN DISTRICT, BEIJING, CHINA

Market Capitalization

1 510 432 000 $

EBITDA

-

PE Ratio

None

PEG Ratio

None

Dividend Per Share

None

Dividend Yield

None

EPS

-0.215

Quarterly Earnings Growth YOY

0

Quarterly Revenue Growth YOY

7.08

Trailing PE

-

Forward PE

-

EV To Revenue

1.535

EV To EBITDA

-

52 Week High

39.1

52 Week Low

3.18

50 Day Moving Average

8.09

200 Day Moving Average

11.48

Shares Outstanding

170748000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Canaan stock forecast for this year


Canaan stock forecast for Jan 2024.
Estimated Average Forecasted Canaan Price: 10.89. Positive monthly dynamics of the instrument is expected with 18.251% volatility is expected.

Pessimistic forecast: 10.18

Optimistic: 12.46


Canaan stock forecast for Mar 2024.
Estimated Average Forecasted Canaan Price: 11.79. Positive monthly dynamics of the instrument is expected with 17.679% volatility is expected.

Pessimistic forecast: 10.77

Optimistic: 13.08


Canaan stock forecast for Mar 2024.
Estimated Average Forecasted Canaan Price: 10.69. Negative monthly dynamics of the instrument is expected with 15.333% volatility is expected.

Pessimistic forecast: 10.09

Optimistic: 11.92


Canaan stock forecast for Apr 2024.
Estimated Average Forecasted Canaan Price: 8.82. Negative monthly dynamics of the instrument is expected with 20.565% volatility is expected.

Pessimistic forecast: 7.79

Optimistic: 9.80


Canaan stock forecast for May 2024.
Estimated Average Forecasted Canaan Price: 8.34. Negative monthly dynamics of the instrument is expected with 18.041% volatility is expected.

Pessimistic forecast: 7.23

Optimistic: 8.82


Canaan stock forecast for Jun 2024.
Estimated Average Forecasted Canaan Price: 7.67. Negative monthly dynamics of the instrument is expected with 9.619% volatility is expected.

Pessimistic forecast: 7.39

Optimistic: 8.18


Canaan stock forecast for Jul 2024.
Estimated Average Forecasted Canaan Price: 8.05. Positive monthly dynamics of the instrument is expected with 21.693% volatility is expected.

Pessimistic forecast: 7.17

Optimistic: 9.16


Canaan stock forecast for Aug 2024.
Estimated Average Forecasted Canaan Price: 9.39. Positive monthly dynamics of the instrument is expected with 10.507% volatility is expected.

Pessimistic forecast: 8.78

Optimistic: 9.81


Canaan stock forecast for Sep 2024.
Estimated Average Forecasted Canaan Price: 9.51. Positive monthly dynamics of the instrument is expected with 17.213% volatility is expected.

Pessimistic forecast: 8.39

Optimistic: 10.14


Canaan stock forecast for Oct 2024.
Estimated Average Forecasted Canaan Price: 8.98. Negative monthly dynamics of the instrument is expected with 13.713% volatility is expected.

Pessimistic forecast: 8.54

Optimistic: 9.90


Canaan stock forecast for Nov 2024.
Estimated Average Forecasted Canaan Price: 9.46. Positive monthly dynamics of the instrument is expected with 15.611% volatility is expected.

Pessimistic forecast: 8.75

Optimistic: 10.36


Canaan stock forecast for Dec 2024.
Estimated Average Forecasted Canaan Price: 10.43. Positive monthly dynamics of the instrument is expected with 19.495% volatility is expected.

Pessimistic forecast: 9.31

Optimistic: 11.56



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