Canaan Already 5% Up, Almost Four Hours Before The NASDAQ Open

(VIANEWS) – The NASDAQ opens in less than four hours and Canaan‘s pre-market value is already 5.14% up.

Canaan’s last close was $2.92, 57.68% under its 52-week high of $6.90.

The last session, NASDAQ ended with Canaan (CAN) dropping 0.34% to $2.92. NASDAQ jumped 2.48% to $11,717.28, after four consecutive sessions in a row of gains, on what was an all-around positive trend exchanging 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 primarily 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 a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

Earnings Per Share

As for profitability, Canaan has a trailing twelve months EPS of $-0.212.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 62.53%.

More news about Canaan (CAN).

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