(VIANEWS) – Shares of Canaan (NASDAQ: CAN) dropped by a staggering 22.22% in 5 sessions from $3.6 at -22.22, to $2.80 at 11:30 EST on Friday, after five consecutive sessions in a row of losses. NASDAQ is falling 0.68% to $11,708.91, after two successive sessions in a row of losses.
Canaan’s last close was $3.01, 56.38% under 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 85.52%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 52.8%, now sitting on 6.51B for the twelve trailing months.
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