(VIANEWS) – Shares of Canaan (NASDAQ: CAN) jumped 9.88% to $2.84 at 10:45 EST on Tuesday, following the last session’s upward trend. NASDAQ is rising 1.98% to $11,410.76, following the last session’s upward trend. This seems, as yet, an all-around up trend exchanging session today.
Canaan’s last close was $2.58, 62.61% below its 52-week high of $6.90.
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%.
Sales Growth
Canaan’s sales growth for the next quarter is negative 86.3%.
Yearly Top and Bottom Value
Canaan’s stock is valued at $2.84 at 10:45 EST, way under its 52-week high of $6.90 and way higher than its 52-week low of $1.87.
More news about Canaan (CAN).
