(VIANEWS) – Shares of Canaan (NASDAQ: CAN) dropped by a staggering 28.36% in 21 sessions from $2.68 at 2023-05-04, to $1.92 at 14:39 EST on Monday, following the last session’s upward trend. NASDAQ is rising 0.17% to $13,262.87, after two successive sessions in a row of gains.
Canaan’s last close was $2.04, 55.07% below its 52-week high of $4.54.
About Canaan
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.
Earnings Per Share
As for profitability, Canaan has a trailing twelve months EPS of $-0.48.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 12.64%.
Yearly Top and Bottom Value
Canaan’s stock is valued at $1.92 at 14:39 EST, way under its 52-week high of $4.54 and higher than its 52-week low of $1.85.
Revenue Growth
Year-on-year quarterly revenue growth declined by 82.1%, now sitting on 4.38B for the twelve trailing months.
Moving Average
Canaan’s worth is way under its 50-day moving average of $2.66 and way below its 200-day moving average of $2.89.
More news about Canaan (CAN).
