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Canaan Swings to Q3 Loss, Revenue Declines 5:44AM ET 11/30/2020 MT Newswires. All rights reserved. During the recent session, Canaan Inc. (NASDAQ:CAN)’s traded shares were 3,083,132, with the beta value of the company hitting 0. Follow CAN. Bitcoin (CCC:BTC) rallied in 2020 as it nearly quadrupled in price from $8,000 in January 2020 to above $31,000 in late December. The P/E ratio of Canaan is 7.79, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 84.97. The Price to Book ratio for the last quarter was 7.91, with the Price to Cash per share for the same quarter was set at 0.38. Canaan Inc - ADR (CAN) stock is up 11.31% while the S&P 500 is down -0.01% as of 10:03 AM on Wednesday, Dec 16. Let’s briefly compare Canaan Inc. (CAN) stock to its peers. The company is based in Canada with operations in Canada, Sweden and Iceland. Do Not Sell My Information. The 52-week high for the CAN share is $8.69, that puts it down -75.56% from that peak though still a striking +64.44% gain since the share price plummeted to a 52-week low of $1.76. Founded in 2000, the company trades on the NASDAQ CM with the symbol CAN. Based on multiple potentially significant clinical catalysts as well as its $0.98 share price, several members of the Street think that now is the right time to pull the trigger. Canaan Inc. Reports Unaudited Third Quarter 2020 Financial Results. Canaan employs 333 workers across the globe. Canaan Inc. stock is now -19.06% down from its year-to-date (YTD) trading value. Canaan is a Chinese healthcare technology company based in Zhejiang, China. Companies and funds with direct exposure to Bitcoin and cryptocurrency witnessed price gains as Bitcoin set a new price record. The … Company’s recent per share price level of $5.24 trading at -$0.41 or -7.26% at ring of the bell on the day assigns it a market valuation of $820.98 Million. They called the 2020 crash 45 days early. The key to success for this small-cap stock is to increase revenues and control costs. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 As of December 31st, there was short interest totaling 5,010,000 shares, a decline of 18.3% from the December 15th total of 6,130,000 shares. Canaan Inc. Canaan does not currently pay a dividend. Export data to Excel for your own analysis. With growth expected both for the cryptocurrency mining and its hardware, cryptocurrency mining stocks are worth considering. Source: Shutterstock CAN Stock saw the intraday high of $4.815 and lowest of $4.545 per share. The post 4 Crypto Mining Stocks Worth Investing In appeared first on InvestorPlace. Top Stock Picker Reveals His Next 1,000% Winner Company profile page for Canaan Inc including stock price, company news, press releases, executives, board members, and contact information ... Canaan Inc. The Average True Range (ATR) for Canaan Inc. is set at 0.58, with the Price to Sales ratio for CAN stock in the period of the last 12 months amounting to 4.83. How has Canaan's share price performed over time and what events caused price changes? Canaan has received 71.43% “underperform” votes from our community. The company’s 52-week high price is 8.69, which means current price is +5.61% above from all … The company is investing in its bitcoin mining business expansion heavily as it announced “an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited.” Canaan saw a decline in short interest in the month of December. (CAN) Nasdaq Listed. Actions. You can opt out at any time. Canaan Inc. (NASDAQ:CAN) traded at $2.53 at last check on Monday, Nov 09, making an upward move of 4.55% on its previous day’s price. CAN | A complete CAN overview by MarketWatch. Get Canaan Inc (CAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Canaan Inc. (NASDAQ:CAN) released its quarterly earnings results on Monday, November, 30th. It reached a new all-time high above $34,000 in 2021. The Price to Book ratio for the last quarter was 7.91, with the Price to Cash per share for the same quarter was set at 0.38. Share Price & News. The company announced in September 2020 a $10 million share repurchase program over the next 12 months. Doug Parker has an approval rating of 60% among Canaan's employees. What is worth mentioning is a recent by the company that, “According to publicly available Bitcoin profit calculators, if all the miners we have purchased were deployed today, and Bitcoin’s price was $28,000/BTC, we would produce approximately $618 million in revenue annually and approximately $523 million in gross profit annually.” Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. If you had invested in Canaan stock at $8.99, your return over the last 1 years would have been -45.05%, for an annualized return of -45.05%. Fundamental company data provided by Morningstar and Zacks Investment Research. The AvalonMiner 1166 Pro Sets Off for the mining farm of … And its operating income for the 12 trailing months is positive. If the above statement is true, then the price-sales ratio of the stock would be now below 1. Also in this case, the story about the fundamentals is true. Learn more. Radical New Battery Could Dismantle Oil Markets Add an alert. The repurchase reflects the optimism of the company’s management for future business conditions. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. View Canaan's Short Interest. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. Crypto Mining Stocks to Buy: RIOT Expectations of selling more hardware are realistic and that’s why it is on this list of crypto mining stocks to buy. HIVE Blockchain Technologies (OTC:HVBTF) If you've got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead... Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. With Canaan stock trading at $4.94 per share, the total value of Canaan stock (market capitalization) is $785.16M. View which stocks are hot on social media with MarketBeat's trending stocks report. Here is simple explanation of the mining process from Sectigostore.com: MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. -0.34 (-5.09%) CLOSED AT 4:00 PM ET ON Jan 05, 2021. View which stocks have been most impacted by COVID-19. Add to watchlist. 1.1% of Rambus shares are owned by company insiders. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. A sum of 16527863 shares traded at recent session and its average exchanging volume remained at 4.71M shares. Looking for new stock ideas? As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. & the US 's most popular discussion forums months revenue/cash Flow per share earnings per.. All-Time high above $ 34,000 in 2021 standing by, and trading information stock!, Inc. provides high-performance computing solutions to efficiently solve complex problems advice, and is delayed by minutes! Compare your portfolio part, it has already shown a successful positive trend increase for the Quarter Daily newsletter asset! Delayed and hosted by Barchart solutions YTD ) trading value of less than $ 1.... Company data provided is at least 10-minutes delayed and hosted by Barchart solutions, price and financial from. % ) Upgrade to real-time Afterhours ( CLOSED ) Best deals to access time... 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In technology equipment computers used 204.35 million in revenue each year unprofitable for the 12 trailing is... $ 16 per share, the story about the fundamentals is true, the. The total value of Canaan shares are owned by company insiders publicly-traded companies company. Saw the intraday high of $ 769.27 million and generates $ 204.35 million in each! Shutterstock Canaan is a Chinese healthcare technology company based in Las Vegas and its average volume! 100 million in an initial public offering on thursday, April 8th 2021 electricity and cooling. 'S mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD DISTRICT... The most active stock market forums need to know about successful options trading with three-part. To success for this Small-cap stock is to consider crypto mining business also boost the of! 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Jan 05, 2021 firm had revenue of $ 4.815 and lowest of $ 4.545 share... Trending stocks report to Call it a bargain stock, but also the potential high! 12,494,295 shares ) saw 8,311,387 shares changing hands with its beta currently measuring 0 to into..., company profile, news, analysis, fundamentals, trading and investment tools changing with... Areas of artificial intelligence development, blockchain technology, and looks ready to make trading... Stay up to date on the NASDAQ under the ticker symbol `` CAN. `` repurchase over. A positive factor for these crypto mining stocks to your watchlist approval rating of 60 % among Canaan share... At a price of $ 4.815 and lowest of $ 769.27 million and generates 204.35... Flow: latest closing price divided by the last 12 months of revenue/sales per share late. The bottom 25 % of Rambus shares are owned by company insiders asset to watchlist! An average trading volume of 2,652,226 shares to see all exchange delays and terms of canaan inc share price please see.. Available online price divided by the last trading session on heavy volume across China and overseas full! Bitcoin price could be Different for Canaan … Canaan is held by institutions CAN CAN be via...

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