(VIANEWS) – Shares of Canaan (NASDAQ: CAN) fell by a staggering 17.66% in 5 sessions from $3.34 at -17.66, to $2.75 at 11:57 EST on Tuesday, following the last session’s upward trend. NASDAQ is falling 0.17% to $11,871.45, following the last session’s upward trend.
Canaan’s last close was $2.81, 59.28% 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 85.52%.
Yearly Top and Bottom Value
Canaan’s stock is valued at $2.75 at 11:57 EST, way under its 52-week high of $6.90 and way higher than its 52-week low of $1.87.
Volume
Today’s last reported volume for Canaan is 1461485 which is 30.26% below its average volume of 2063260.
Revenue Growth
Year-on-year quarterly revenue growth grew by 52.8%, now sitting on 6.51B for the twelve trailing months.
More news about Canaan (CAN).
