(VIANEWS) – Shares of Canaan (NASDAQ: CAN) fell by a staggering 15.06% in 5 sessions from $3.12 at -15.06, to $2.65 at 12:38 EST on Thursday, following the last session’s downward trend. NASDAQ is dropping 0.5% to $12,095.90, following the last session’s upward trend.
Canaan’s last close was $2.73, 39.87% 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 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 $0.56.
PE Ratio
Canaan has a trailing twelve months price to earnings ratio of 4.73. Meaning, the purchaser of the share is investing $4.73 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 16.74%.
Moving Average
Canaan’s value is below its 50-day moving average of $2.84 and way below its 200-day moving average of $3.08.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 157.5% and a negative 124.5%, respectively.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Canaan’s EBITDA is -0.11.
Revenue Growth
Year-on-year quarterly revenue growth declined by 82.1%, now sitting on 4.38B for the twelve trailing months.
More news about Canaan (CAN).
