(VIANEWS) – The NASDAQ ended the session with Canaan rising 10.94% to $2.49 on Friday, after two successive sessions in a row of losses. NASDAQ slid 0.13% to $13,660.72, after two successive sessions in a row of losses, on what was a somewhat negative trend exchanging session today.
Canaan’s last close was $2.24, 50.66% under its 52-week high of $4.54.
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 $-0.48.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -13.4%.
Moving Average
Canaan’s value is higher than its 50-day moving average of $2.34 and below its 200-day moving average of $2.72.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Canaan’s stock is considered to be overbought (>=80).
Revenue Growth
Year-on-year quarterly revenue growth declined by 72.6%, now sitting on 490.93M for the twelve trailing months.
More news about Canaan (CAN).
