(VIANEWS) – Shares of Canaan (NASDAQ: CAN) rose by a staggering 30.53% in 21 sessions from $2.26 at 2023-06-14, to $2.95 at 14:22 EST on Monday, following the last session’s downward trend. NASDAQ is rising 0.79% to $14,225.40, following the last session’s downward trend.
Canaan’s last close was $2.94, 35.24% 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 $-0.49.
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.
Sales Growth
Canaan’s sales growth is negative 69.8% for the ongoing quarter and negative 26.7% for the next.
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