Shares of Canaan slid by a staggering 42.4% in 30 days from $22.97 to $13.23 at 20:27 EST on Monday, after two consecutive sessions in a row of losses. NASDAQ Composite is sliding 0.48% to $13,895.12, after two sequential sessions in a row of losses.
Canaan’s last close was $12.51, 195.54% below its 52-week high of $39.10.
Year-on-year quarterly revenue growth declined by 91.7%, now sitting on 447.69M for the twelve trailing months.
Canaan’s Stock Yearly Top and Bottom Value
Canaan’s stock is valued at $13.23 at 20:27 EST, way below its 52-week high of $39.10 and way above its 52-week low of $1.76.
Canaan’s Moving Average
Canaan’s worth is way below its 50-day moving average of $22.86 and way higher than its 200-day moving average of $8.50.
Previous days news about Canaan
Shareholder alert: pomerantz law firm investigates claims on behalf of investors of canaan inc. – CAN. According to Business Insider on Monday, 3 May, "On this news, the market price of Canaan ADRs collapsed from their close of $18.67 per ADR on April 9, 2021 to close at $13.14 per ADR on April 12, 2021, a decline of nearly 30%, on unusually high volume of approximately 60 million ADRs trading, more than three times the average daily volume over the preceding ten trading days.", "On April 12, 2021, before the opening of trading, Canaan issued a press release finally disclosing its actual 4Q20 and FY20 financial results for the period ended December 31, 2020, including a 93% year-over-year decrease in computing power sold and net revenues for the quarter. "
More news about Canaan.