(VIANEWS) – The NASDAQ ended the session with Canaan (CAN) jumping 25.98% to $1.60 on Wednesday while NASDAQ jumped 1.25% to $16,369.41.
Canaan’s last close was $1.27, 63.71% under its 52-week high of $3.50.
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 $-2.41.
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 -87.6%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 72.9% and 82%, respectively.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Canaan’s EBITDA is -2.22.
Moving Average
Canaan’s value is way below its 50-day moving average of $1.84 and way under its 200-day moving average of $2.04.
Revenue Growth
Year-on-year quarterly revenue growth declined by 11.2%, now sitting on 211.48M for the twelve trailing months.
More news about Canaan (CAN).
