(VIANEWS) – The NASDAQ ended the session with Canaan (CAN) rising 29.19% to $2.24 on Wednesday while NASDAQ rose 1.3% to $15,859.15.
Canaan’s last close was $1.73, 56.53% under 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 $-0.47.
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 -53.23%.
Sales Growth
Canaan’s sales growth is negative 38.4% for the current quarter and negative 20.2% for the next.
Volume
Today’s last reported volume for Canaan is 44345200 which is 149.23% above its average volume of 17792600.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 30.8% and 75%, respectively.
Revenue Growth
Year-on-year quarterly revenue growth declined by 75.1%, now sitting on 160.89M for the twelve trailing months.
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