Videos. Based on an average daily volume of 5,180,000 shares, the days-to-cover ratio is currently 1.0 days. Hive Blockchain Buys 6,400 Mining Machines From Canaan to Reach 1,200 PH/s. Canaan's stock was trading at $3.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Canaan Inc. (NASDAQ:CAN) was the target of a significant decrease in short interest in December. 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.” Press releases. If the above statement is true, then the price-sales ratio of the stock would be now below 1. Get the latest Canaan (CAN) stock price quote with real-time news, financials, charts and other important investing information. Press Release reported 4 hours ago that Canaan Inc. to Report Third Quarter 2020 Financial Results on November 30, 2020 The present Moving Average for the last 50 days of trading for this stock 4.38, while it was recorded at 4.96 for the last single week of trading, and 3.08 for the last 200 days. © 2021 Verizon Media. The current RSI for CAN stock in for the last two-week period is set at 48.57, with the RSI for the last a single of trading hit 42.67, and the three-weeks RSI is set at 51.58 for Canaan Inc. [CAN]. The crypto mining business is risky but can be promising and profitable if bitcoin appreciates in the future. The Average True Range (ATR) for Canaan Inc. is set at 0.63, with the Price to Sales ratio for CAN stock in the period of the last 12 months amounting to 6.07. Canaan Inc - ADR (CAN) stock is trading at $5.50 as of 10:05 AM on Thursday, Jan 14, a rise of $0.26, or 4.96% from the previous closing price of $5.24. Join now to get the NewsHeater.com pre-market morning brief 100% free. The risks of crypto mining offer both potential and pitfall for Canaan stock. The company report on November 30, 2020 that Canaan Inc. Reports Unaudited Third Quarter 2020 Financial Results. The share price of Stratasys Ltd. (SSYS) jumped 12.53% to $35.84. A high-level overview of Canaan Inc. (CAN) stock. Avalon Made，Quality Maker. And its operating income for the 12 trailing months is positive. Celebrate and remember the lives we have lost in Eaton, Tennessee. Click here now. On the other hand, the S&P 500 Index is down -0.06% in the early deals today while the Dow Jones Industrial was dealinglower at -0.1%. Top Stock Picker Reveals His Next 1,000% Winner Corporate News. Why Canaan Stock Crumbled on Monday . Locally updated news, sports, weather, traffic, celebrity news and sports scores Starbucks Corporation [SBUX] Stock trading around $104.58 per share: What’s Next? CAN stock had 9 new institutional investments in for a total of 3,655,636 shares, while 4 institutional investors sold positions of 459,525 shares during the same period. Skip to content. Having a second look at Canaan Inc. (NASDAQ:CAN) provides that stock’s average daily trading volume for 3 months was … Date Title; 30 Nov 2020 Canaan Inc. Reports Unaudited Third Quarter … Canaan Inc. (CAN) latest earnings report: revenue, EPS, surprise, history, news and analysis. Shares of the Canaan Inc. (NASDAQ: CAN) gained by $0.79 during Friday’s regular trading session to climb to $4.28. And, it has significant expenses in terms of electricity and even cooling equipment for a large number of computers used. 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. Ladies and gentlemen, thank you for standing by, and welcome to Canaan Inc.'s Third Quarter 2020 Earnings Call. If it isn't grown, it has to be mined. This means the prospect of mining bitcoin could be getting more enticing. The CAN stock was last observed hovering at around $6.23 in the last trading session, with the day’s gains setting it 0.46%. Canaan, first listed mining machine company, announced its Q3 financial report. Canaan Inc Canaan is a Chinese healthcare technology company based in Zhejiang, China. Source: Shutterstock Canaan Inc. The mentioned changes placed institutional holdings at 6,429,926 shares, according to the latest SEC report filing. Popular news outlets such as MarketWatch, Bloomberg, or Reuters provide Canaan and other traded companies coverage. Canaan Inc. (NASDAQ:CAN) was the target of a significant decrease in short interest in December. Read more. An overall objective rating for Canaan Inc. (CAN) optimized for predictive value. Announces Up to US$10 Million Share Repurchase Program. News. The Price to Book ratio for the last quarter was 8.89, with the Price to Cash per share for the same quarter was set at 0.35. Long-Term Debt to Equity for the company is recorded at 1.93, with the Long-Term Debt to Total Capital now at 1.59. The company’s 52-week high price is 8.69, which means current price is +5.61% above from all time high which was touched on 01/04/21. The Company's financial and operating results were released by our newswire services earlier today and are currently available online. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China's national high-tech enterprise certification. Click here now. It is based in Las Vegas and its fundamentals are not inspiring. So far 1,428,943 shares have traded compared to average volume of 12,494,295 shares. More From InvestorPlace Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. Canaan Inc. Stock News NASDAQ:CAN. In 2016, Canaan successfully initiated the … The CAN stock was last observed hovering at around $6.23 in the last trading session, with the day’s gains setting it 0.46%. Volume today is below average. CANAAN INC. : News, information and stories for CANAAN INC. | Nasdaq: CAN | Nasdaq The Company's financial and operating results were released by our newswire services earlier today and are currently available online. AvalonMiner 1246 test report by Cybtc.com. The Makers is a new Canaan content series featuring entrepreneur and investor insights into company-building.
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