Shares of Canaan dropped by a staggering 11.41% to $11.72 at 12:32 EST on Tuesday, after two sequential sessions in a row of gains. NASDAQ Composite is falling 2.58% to $13,536.07, after two consecutive sessions in a row of losses. This seems, as yet, an all-around negative trend trading session today.

Canaan’s last close was $13.23, 233.62% below its 52-week high of $39.10.

Canaan’s Revenue

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 $11.72 at 12:32 EST, way under its 52-week high of $39.10 and way above its 52-week low of $1.76.

Canaan’s Moving Average

Canaan’s value is way below its 50-day moving average of $22.86 and way above 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 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. ", "The investigation concerns whether Canaan and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices."

More news about Canaan.

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