Canaan Stock Went Down By Over 16% In The Last 5 Sessions

(VIANEWS) – Shares of Canaan (NASDAQ: CAN) fell by a staggering 16.35% in 5 sessions from $3.12 at -16.35, to $2.61 at 12:52 EST on Friday, after two consecutive sessions in a row of losses. NASDAQ is sliding 0.02% to $12,057.42, following the last session’s downward trend.

Canaan’s last close was $2.64, 41.85% below 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 $0.52.

PE Ratio

Canaan has a trailing twelve months price to earnings ratio of 5.01. Meaning, the purchaser of the share is investing $5.01 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%.

Volatility

Canaan’s last week, last month’s, and last quarter’s current intraday variation average was a negative 4.61%, a negative 0.18%, and a positive 4.58%.

Canaan’s highest amplitude of average volatility was 4.84% (last week), 3.51% (last month), and 4.58% (last quarter).

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).

Leave a Reply

Your email address will not be published. Required fields are marked *