(VIANEWS) – The NASDAQ opens in less than five hours and Canaan‘s pre-market value is already 4.23% up.
Canaan’s last close was $1.89, 58.37% under its 52-week high of $4.54.
The last session, NASDAQ ended with Canaan (CAN) sliding 26.74% to $1.89. NASDAQ rose 2.19% to $12,975.69, after two consecutive sessions in a row of gains, on what was an all-around bullish trend trading session.
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 $0.3.
PE Ratio
Canaan has a trailing twelve months price to earnings ratio of 6.3. Meaning, the purchaser of the share is investing $6.3 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 12.64%.
Sales Growth
Canaan’s sales growth is negative 71.1% for the ongoing quarter and negative 69% for the next.
Yearly Top and Bottom Value
Canaan’s stock is valued at $1.89 at 05:24 EST, way under its 52-week high of $4.54 and higher than its 52-week low of $1.85.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Canaan’s EBITDA is -0.11.
Moving Average
Canaan’s worth is way below its 50-day moving average of $2.66 and way below its 200-day moving average of $2.89.
More news about Canaan (CAN).
