Canaan (NASDAQ:CAN - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $10.41 million for the quarter.
Canaan Stock Down 6.7 %
Canaan stock traded down $0.12 during trading hours on Friday, reaching $1.67. The stock had a trading volume of 11,416,670 shares, compared to its average volume of 15,339,284. The company has a market cap of $470.24 million, a price-to-earnings ratio of -1.24 and a beta of 3.26. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.03 and a quick ratio of 1.45. The business's 50 day moving average price is $2.05 and its 200-day moving average price is $1.56. Canaan has a 52 week low of $0.72 and a 52 week high of $3.27.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CAN. HC Wainwright reiterated a "buy" rating and issued a $3.00 target price on shares of Canaan in a report on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $8.00 target price on shares of Canaan in a report on Thursday.
Check Out Our Latest Stock Analysis on CAN
About Canaan
(
Get Free Report)
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.
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