Less Than Two Hours Before The NASDAQ Open, Canaan Is Down By 4%

(VIANEWS) – The NASDAQ opens in less than two hours and Canaan‘s pre-market value is already 4.26% down.

Canaan’s last close was $2.58, 43.17% below its 52-week high of $4.54.

The last session, NASDAQ ended with Canaan (CAN) rising 0.39% to $2.58. NASDAQ rose 1.71% to $12,698.09, following the last session’s upward trend on what was an all-around up trend exchanging 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 $0.4.

PE Ratio

Canaan has a trailing twelve months price to earnings ratio of 6.44. Meaning, the purchaser of the share is investing $6.44 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%.

Yearly Top and Bottom Value

Canaan’s stock is valued at $2.58 at 08:21 EST, way under its 52-week high of $4.54 and way above its 52-week low of $1.87.

More news about Canaan (CAN).

Leave a Reply

Your email address will not be published.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