(VIANEWS) – The NASDAQ opens in less than five hours and Canaan‘s pre-market value is already 5.42% up.
Canaan’s last close was $2.40, 47.14% below its 52-week high of $4.54.
The last session, NASDAQ ended with Canaan (CAN) sliding 4% to $2.40. NASDAQ slid 1.98% to $11,799.16, after two consecutive sessions in a row of losses, on what was an all-around down 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 $0.53.
PE Ratio
Canaan has a trailing twelve months price to earnings ratio of 4.53. Meaning, the purchaser of the share is investing $4.53 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 16.74%.
Sales Growth
Canaan’s sales growth is negative 68.4% for the present quarter and negative 66.1% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Canaan’s EBITDA is -0.11.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 157.5% and a negative 124.5%, respectively.
Moving Average
Canaan’s value is way below its 50-day moving average of $2.84 and way below its 200-day moving average of $3.08.
More news about Canaan (CAN).
