(VIANEWS) – The NASDAQ opens in less than two hours and Canaan‘s pre-market value is already 12.14% up.
Canaan’s last close was $1.73, 56.53% below its 52-week high of $3.98.
The last session, NASDAQ ended with Canaan (CAN) falling 7.49% to $1.73. NASDAQ dropped 1.8% to $15,655.60, after two consecutive sessions in a row of losses, on what was an all-around negative trend trading session.
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%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 30.8% and 75%, respectively.
Sales Growth
Canaan’s sales growth is negative 38.4% for the current quarter and negative 20.2% for the next.
Yearly Top and Bottom Value
Canaan’s stock is valued at $1.73 at 08:23 EST, way below its 52-week high of $3.98 and way higher than its 52-week low of $1.13.
More news about Canaan (CAN).
