(VIANEWS) – Shares of Canaan (NASDAQ: CAN) jumped by a staggering 11.97% to $3.18 at 15:15 EST on Thursday, following the last session’s downward trend. NASDAQ is jumping 1.41% to $14,114.92, after three successive sessions in a row of gains. This seems, at the moment, an all-around up trend exchanging session today.
Canaan’s last close was $2.84, 37.44% 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 $-0.57.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -13.4%.
Yearly Top and Bottom Value
Canaan’s stock is valued at $3.18 at 15:15 EST, way under its 52-week high of $4.54 and way above its 52-week low of $1.83.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Canaan’s EBITDA is -2.02.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is a negative 120.8% and positive 207.1% for the next.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Canaan’s stock is considered to be oversold (<=20).
More news about Canaan (CAN).
