(VIANEWS) – The NASDAQ ended the session with Canaan jumping 29.5% to $1.71 on Friday, following the last session’s upward trend. NASDAQ rose 0.19% to $14,761.56, after five sequential sessions in a row of gains, on what was a somewhat up trend exchanging session today.
Canaan’s last close was $1.32, 66.83% under its 52-week high of $3.98.
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 $-0.47.
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 -53.23%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 75.1%, now sitting on 160.89M for the twelve trailing months.
Volatility
Canaan’s last week, last month’s, and last quarter’s current intraday variation average was a negative 6.24%, a negative 1.65%, and a positive 3.90%.
Canaan’s highest amplitude of average volatility was 6.24% (last week), 4.93% (last month), and 3.90% (last quarter).
Moving Average
Canaan’s value is under its 50-day moving average of $1.78 and way under its 200-day moving average of $2.31.
More news about Canaan (CAN).
