(VIANEWS) – Shares of Canaan (NASDAQ: CAN) dropped by a staggering 25.48% in 10 sessions from $2.59 at 2023-05-23, to $1.93 at 16:10 EST on Wednesday, following the last session’s upward trend. NASDAQ is sliding 1.04% to $13,138.93, following the last session’s upward trend.
Canaan’s last close was $1.93, 57.49% under 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%.
Volume
Today’s last reported volume for Canaan is 2859687 which is 27.11% above its average volume of 2098150.
More news about Canaan (CAN).
