326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 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. Canaan has received 2 “outperform” votes. View our full suite of financial calendars and market data tables, all for free. Source: Shutterstock 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 $1.76. More From InvestorPlace For the revenue part, it has already shown a successful positive trend increase for the past three consecutive years. HIVE Blockchain Technologies (OTC:HVBTF) “The global Cryptocurrency Mining market size is projected to reach US$ 2584.6 million by 2026, from US$ 1015.9 million in 2020, at a CAGR of 16.8% during 2021-2026.” A high-level overview of Canaan Inc. (CAN) stock. The company issued 10,000,000 shares at $9.00-$11.00 per share. Do Not Sell My Information. The firm that called the Exact Peak of the Dot-Com boom has just issued another major prediction. Find the latest Institutional Holdings data for Canaan Inc. American Depositary Shares (CAN) at Nasdaq.com. And in 2020 this crypto mining stock delivered an exceptional return soaring from just over $1 per share to about $14 per share in December 2020. 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. $6.50. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's giving away his top pick for free right here. Canaan stock price and CAN stock charts. The firm had revenue of $24.01 million for the quarter. The repurchase reflects the optimism of the company’s management for future business conditions. 1 Canaan Inc (CAN) 10 Year Volatility You know volatility is a measure of oscillation (think a stock graph) of a stock against the average. CAN Stock saw the intraday high of $4.815 and lowest of $4.545 per share. Marathon Patent Group (NASDAQ:MARA) We find that current price change of +1.65% and -17.83% over the past 12 months for CAN competes that of Microsoft Corp (MSFT), which has seen its stock price rise 1.78% in the last trading session and was +29.53% over the … https://finance.yahoo.com/news/canaan-inc-good-stock-buy-225043912.html Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Actions. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Small-cap stocks such as MARA in general are higher risk compared to large-caps. Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. The stock broke out of a consolidation range in the last trading session on heavy volume. Canaan (NASDAQ:CAN) So far 1,428,943 shares have traded compared to average volume of 12,494,295 shares. It is also involved in the assembly of system products; and supply chain and distribution of … 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. © American Consumer News, LLC dba MarketBeat® 2010-2021. © 2021 Verizon Media. The company can be reached via phone at 86 571 8999 5063. Canaan has received 71.43% “underperform” votes from our community. After a Post-Earnings Drop, is it Time to Ride PetMed Express? Based on an average trading volume of 5,180,000 shares, the days-to-cover ratio is currently 1.0 days. You may vote once every thirty days. At the end of the trading day, the stock’s price was $4.95, reflecting an intraday gain of 3.12% or $0.15. Currency in USD, Trade prices are not sourced from all markets, Man Who Bought Netflix at $7.78 Says Buy This Now. Looking for new stock ideas? Receive a free world-class investing education from MarketBeat. Vote “Underperform” if you believe CAN will underperform the S&P 500 over the long term. Today's Change 0.08 / 1.65%. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Find real-time CAN - Canaan Inc stock quotes, company profile, news and forecasts from CNN Business. Stock analysis for Canaan Inc (CAN:NASDAQ GM) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The stock has traded between $5.50 and $5.65 so far today. Also in this case, the story about the fundamentals is true. Want to see which stocks are moving? There is not enough analysis data for Canaan. 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. CAN is up $0.40 from the previous closing price of $3.56 on volume of 2,652,226 shares. 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.” 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. View Canaan's earnings history. Canaan Inc. stock is now -19.06% down from its year-to-date (YTD) trading value. 1,448 employees have rated Canaan CEO Doug Parker on Glassdoor.com. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Fundamental company data provided by Morningstar and Zacks Investment Research. Canaan (CAN) stock price, charts, trades & the US's most popular discussion forums. The company reported ($0.08) earnings per share (EPS) for the quarter. The key to success for this small-cap stock is to increase revenues and control costs. Its stock has a market capitalization of more than $1 billion. Shares of CAN can be purchased through any online brokerage account. Canaan Swings to Q3 Loss, Revenue Declines 5:44AM ET 11/30/2020 MT Newswires. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. In simple terms, higher the volatility for a time period, greater will be the price variations during that period. Canaan Inc. stock is now -19.06% down from its year-to-date (YTD) trading value. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term. If the above statement is true, then the price-sales ratio of the stock would be now below 1. Only 4.10% of the stock of Canaan is held by institutions. Canaan does not have a long track record of dividend growth. ), Canaan has received 5 “underperform” votes. Since our first writeup on Canaan Inc. on August 12, 2020, CAN stock price has gone up over 110% (see chart below), outperforming … The company’s market capitalization is $775.54 Million, and the average intraday trading volume over the past 10 days was 6.89 Million shares, and the average trade volume was 9.45 Million shares over the past … Marathon patent group also is investing heavily in expanding its crypto mining business. MarketBeat just released five new trading ideas, but Canaan wasn't one of them. Follow CAN. You can opt out at any time. The P/E ratio of Canaan is 7.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.13. How has Canaan's share price performed over time and what events caused price changes? Hive Blockchain Technologies (HVBTF) 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. The company is not yet profitable and third-quarter 2020 results were not good for revenue. Since then, CAN stock has increased by 26.1% and is now trading at $4.93. Riot Blockchain and its stock could benefit from future expansion and upgrading mining operations. Get Canaan Inc (CAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Get Canaan Inc (CAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Get instant access to a free live streaming chart of the Canaan Inc Stock. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. Down 28.5% In 24 Hours, Where Does Ethereum (ETH) Go From Here? It requires a lot of capital expenditures in technology equipment. 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. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. Looking at the stock we see that its previous close was $2.42 and the beta (5Y monthly) reads 0 with the day’s price range being $2.2900 – 2.5500. Canaan Inc. (NASDAQ:CAN) released its quarterly earnings results on Monday, November, 30th. 10 of 2020’s Most Fascinating SPAC Stocks In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. In the past three months, Canaan insiders have not sold or bought any company stock. Canaan (CAN) Citigroup, China Renaissance and CMBI served as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers. Canaan Inc. Reports Unaudited Third Quarter 2020 Financial Results. Canaan trades on the NASDAQ under the ticker symbol "CAN.". Canaan Inc. American Depositary Shares. Crypto mining is a complicated process. And, it has significant expenses in terms of electricity and even cooling equipment for a large number of computers used. 7 Electric Vehicle (EV) Stocks That Have Real Juice, 7 Post-Inauguration Stocks to Buy For Under $20, 7 Cryptocurrencies That Are Leading The Market Higher, 7 Stocks to Support Your New Year’s Resolutions, 7 Things You Need To Know About Cryptocurrency, 7 Stocks to Buy As Americans Receive Stimulus Checks, 7 Outdoor Recreation Stocks For Growth And Dividends, 8 EV Stocks To Electrify Your Growth Portfolio, Receive Analysts' Upgrades and Downgrades Daily. 1.1% of Rambus shares are owned by company insiders. Doug Parker has an approval rating of 60% among Canaan's employees. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Get short term trading ideas from the MarketBeat Idea Engine. Learn more. As of 20/01/21, shares in Canaan Inc are trading at $4.94, giving the company a market capitalisation of £572.1m. All rights reserved. MarketBeat's community ratings are surveys of what our community members think about Canaan and other stocks. AvalonMiner 1246 test report by Cybtc.com. Canaan's management team includes the following people: Man Who Predicted March 2020 Crash Makes Bold Tech Stock Prediction. To see all exchange delays and terms of use please see disclaimer. Share Price & News. Let’s briefly compare Canaan Inc. (CAN) stock to its peers. Learn about financial terms, types of investments, trading strategies and more. Comparatively, 1.1% of Canaan shares are owned by institutional investors. On the date of publication, Stavros Georgiadis, CFA, did not have (either directly or indirectly) any positions in the securities mentioned in this article. Add to portfolio. 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%. 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. Canaan is a Chinese healthcare technology company based in Zhejiang, China. The Canaan 52-week high stock price is 8.69, which is 57.4% above the current share price. Canaan Inc. American Depositary Shares (CAN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Nasdaq 100. Subscribe to Premium to view Fair Value for CAN. Add an alert. It will benefit if companies invest more in equipment for an efficient and cost-effective crypto mining business. The company is unprofitable for the past three years and an increase in bitcoin price could be a key catalyst for profitability. Data is currently not available. Top Stock Picker Reveals His Next 1,000% Winner The good news is that bitcoin surpassed $28,000. Since then, CAN stock has increased by 25.6% and is now trading at $4.91. In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. Investment Thesis. The further price increase could also boost the profitability of the company and support a higher stock price. View which stocks have been most impacted by COVID-19. Canaan is based in China and manufactures hardware that can be used for bitcoin mining. The company announced in September 2020 a $10 million share repurchase program over the next 12 months. It is based in Las Vegas and its fundamentals are not inspiring. (CAN) raised $100 million in an initial public offering on Thursday, November 21st 2019. Crypto Mining Stocks to Buy: RIOT 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. In the most recent purchasing and selling session, Canaan Inc. (CAN)’s share price increased by 11.84 percent to ratify at $4.25. -0.34 (-5.09%) CLOSED AT 4:00 PM ET ON Jan 05, 2021. A recent acquisition allows the company to doubles its bitcoin production capacity, as reported by AccessWire, is positive. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Canaan is a Chinese healthcare technology company based in Zhejiang, China. Stable Share Price: CAN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 22% a week. Canaan is scheduled to release its next quarterly earnings announcement on Thursday, April 8th 2021. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The firm engages in the development, production and marketing of pharmaceutical equipment across China and overseas. (CAN) Nasdaq Listed. View which stocks are hot on social media with MarketBeat's trending stocks report. A sum of 16527863 shares traded at recent session and its average exchanging volume remained at 4.71M shares. With growth expected both for the cryptocurrency mining and its hardware, cryptocurrency mining stocks are worth considering. Learn more. CAN, Canaan Inc Cl A Ads - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines 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). The firm engages in the development, production and marketing of pharmaceutical equipment across China and overseas. Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. The AvalonMiner 1166 Pro Sets Off for the mining farm of … A high-level overview of Canaan Inc. (CAN) stock. 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. 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. 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. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. The all-time high Canaan stock closing price was 8.99 on November 21, 2019. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Source: Shutterstock It reached a new all-time high above $34,000 in 2021. They called the 2020 crash 45 days early. And its operating income for the 12 trailing months is positive. Price (USD) 4.93. Leading the way of the crypto mining stocks to buy is Riot Blockchain, which is based in Castle Rock, Colorado, and was founded in 2000. Big Cap Pro. This process involves validating data blocks and adding transaction records to a public record (ledger) known as a blockchain.”InvestorPlace - Stock Market News, Stock Advice & Trading Tips ... Why This Time Could Be Different for Canaan … The … Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The company is based in Canada with operations in Canada, Sweden and Iceland. Still, there is some good news. Research on global cryptocurrency mining market by Industry Research is optimistic about the growth of this market in the next five to six years. A return to normal business conditions will be a positive factor for these crypto mining stocks. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in … It is also involved in the assembly of system products; and supply chain and distribution of system products. Export data to Excel for your own analysis. 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. Shares traded 5.89m. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. Wall Street analysts have given Canaan a "N/A" rating, but there may be better short-term opportunities in the market. The Canaan 52-week low stock price is 1.76, which is 68.1% below the current share price. 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. For investors interested in positions related to bitcoin, here are four crypto mining stocks to buy: Canaan, Inc. provides high-performance computing solutions to efficiently solve complex problems. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 10 of 2020’s Most Fascinating SPAC Stocks (Add your “outperform” vote. The last entry on the list of crypto mining stocks to buy is Hive Blockchain Technologies, which has a price-earnings ratio of 43.33. Sign-up to receive the latest news and ratings for CAN and its competitors with MarketBeat's FREE daily newsletter. “The term crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. Price/Cash Flow: Latest closing price divided by the last 12 months revenue/cash flow per share. ... Canaan Share Price - CAN . Canaan does not currently pay a dividend. Analyst Report: Alibaba Group Holding Limited, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGM - NasdaqGM Real Time Price. Radical New Battery Could Dismantle Oil Markets CAN:NMQ NASDAQ. Canaan employs 333 workers across the globe. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. View the latest market news and prices, and trading information. The post 4 Crypto Mining Stocks Worth Investing In appeared first on InvestorPlace. The crypto mining business is risky but can be promising and profitable if bitcoin appreciates in the future. CubeSmart (NYSE: CUBE) Stock is a Smart Pullback Play, Capstone Turbine (NASDAQ: CPST) Stock a Clean Energy Turbine Play, 3D Printing Stocks Offering Another Dimension of Gains, MicroStrategy (NASDAQ:MSTR) Slips on Troubles in Bitcoin. On Monday, November 16, 2020, the Company, Canaan Inc., CAN stock construct a change of 23.68 percent (Gain) in a total of its share price and having its trading value $3.29, which belongs to Technology sector and Computer Hardware industry. Here is simple explanation of the mining process from Sectigostore.com: 4.95-0.33 (-6.25%) Upgrade to Real-Time Afterhours (Closed) Best deals to access real time data!
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