(VIANEWS) – The NASDAQ ended the session with Canaan jumping 9.05% to $2.17 on Tuesday, following the last session’s downward trend. NASDAQ jumped 1.74% to $13,943.76, after two successive sessions in a row of gains, on what was an all-around bullish trend trading session today.
Canaan’s last close was $1.99, 50% below its 52-week high of $3.98.
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 $-0.45.
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%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Canaan’s stock is considered to be overbought (>=80).
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 122.6% and positive 207.1% for the next.
More news about Canaan (CAN).
