(VIANEWS) – Shares of Canaan (NASDAQ: CAN) fell 9.43% to $2.88 at 13:08 EST on Friday, following the last session’s upward trend. NASDAQ is rising 0.36% to $14,188.91, after four successive sessions in a row of gains. This seems, as yet, a somewhat up trend exchanging session today.
Canaan’s last close was $3.18, 29.96% 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 $-0.57.
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%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 72.6%, now sitting on 490.93M for the twelve trailing months.
Yearly Top and Bottom Value
Canaan’s stock is valued at $2.88 at 13:08 EST, way below its 52-week high of $4.54 and way above its 52-week low of $1.83.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 120.8% and positive 207.1% for the next.
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