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Canaan Inc. stock is now -19.06% down from its year-to-date (YTD) trading value. Marathon Patent Group (NASDAQ:MARA) The official website for Canaan is canaan-creative.com. 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 firm engages in the development, production and marketing of pharmaceutical equipment across China and overseas. 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). 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 was founded in 2013 and is based in Hangzhou, the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. 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. Company profile page for Canaan Inc including stock price, company news, press releases, executives, board members, and contact information ... Canaan Inc. Comparatively, 1.1% of Canaan shares are owned by institutional investors. Its stock has a market capitalization of more than $1 billion. 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. 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. Canaan is a Chinese healthcare technology company based in Zhejiang, China. Analyst Report: Alibaba Group Holding Limited, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGM - NasdaqGM Real Time Price. See what's happening in the market right now with MarketBeat's real-time news feed. 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. A sum of 16527863 shares traded at recent session and its average exchanging volume remained at 4.71M shares. It is also involved in the assembly of system products; and supply chain and distribution of … ... Why This Time Could Be Different for Canaan … A return to normal business conditions will be a positive factor for these crypto mining stocks. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. Canaan Inc (CAN) Q3 2020 Earnings Call Transcript. Wall Street analysts have given Canaan a "N/A" rating, but there may be better short-term opportunities in the market. ... Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. One share of CAN stock can currently be purchased for approximately $4.91. Actions. -0.34 (-5.09%) CLOSED AT 4:00 PM ET ON Jan 05, 2021. How has Canaan's share price performed over time and what events caused price changes? 10 of 2020’s Most Fascinating SPAC Stocks There is not enough analysis data for Canaan. Source: Shutterstock Citigroup, China Renaissance and CMBI served as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers. View which stocks have been most impacted by COVID-19. A high-level overview of Canaan Inc. (CAN) stock. AvalonMiner 1246 test report by Cybtc.com. Crypto mining is a complicated process. HIVE Blockchain Technologies (OTC:HVBTF) 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. Get short term trading ideas from the MarketBeat Idea Engine. All rights reserved. Subscribe to Premium to view Fair Value for CAN. On the date of publication, Stavros Georgiadis, CFA, did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. Canaan stock price and CAN stock charts. CAN:NMQ NASDAQ. Get instant access to a free live streaming chart of the Canaan Inc Stock. Canaan Inc. The firm had revenue of $24.01 million for the quarter. 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. As of 20/01/21, shares in Canaan Inc are trading at $4.94, giving the company a market capitalisation of £572.1m. Shares traded 5.89m. With Canaan stock trading at $4.94 per share, the total value of Canaan stock (market capitalization) is $785.16M. 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. Vote “Underperform” if you believe CAN will underperform the S&P 500 over the long term. Ladies and gentlemen, thank you for standing by, and welcome to Canaan Inc.'s Third Quarter 2020 Earnings Call. With a market capitalization of less than $600 million, this stock has great risk, but also the potential for high returns. Why Everyone Is Investing in 5G All WRONG © 2021 Verizon Media. Sign-up to receive the latest news and ratings for CAN and its competitors with MarketBeat's FREE daily newsletter. 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. Canaan Inc. American Depositary Shares (CAN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Follow CAN. However, that anmount may seem trivial for a company with a market capitalization of more than $1 billion. Canaan's management team includes the following people: Man Who Predicted March 2020 Crash Makes Bold Tech Stock Prediction. View all of CAN's competitors. 1,448 employees have rated Canaan CEO Doug Parker on Glassdoor.com. After a Post-Earnings Drop, is it Time to Ride PetMed Express? Price (USD) 4.93. The company’s 52-week high price is 8.69, which means current price is +5.61% above from all … The stock broke out of a consolidation range in the last trading session on heavy volume. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Canaan, Inc. provides high-performance computing solutions to efficiently solve complex problems. 4.95-0.33 (-6.25%) Upgrade to Real-Time Afterhours (Closed) Best deals to access real time data! It reached a new all-time high above $34,000 in 2021. Nasdaq 100. Crypto Mining Stocks to Buy: RIOT Canaan (CAN) You may vote once every thirty days. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Learn everything you need to know about successful options trading with this three-part video course. The company issued 10,000,000 shares at $9.00-$11.00 per share. Also in this case, the story about the fundamentals is true. CAN, Canaan Inc Cl A Ads - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. “The global Cryptocurrency Mining market size is projected to reach US$ 2584.6 million by 2026, from US$ 1015.9 million in 2020, at a CAGR of 16.8% during 2021-2026.” Canaan employs 333 workers across the globe. For the revenue part, it has already shown a successful positive trend increase for the past three consecutive years. 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 Short Interest. Source: Shutterstock Today's Change 0.08 / 1.65%. Canaan's mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016. Companies and funds with direct exposure to Bitcoin and cryptocurrency witnessed price gains as Bitcoin set a new price record. CAN is up $0.40 from the previous closing price of $3.56 on volume of 2,652,226 shares. Canaan is scheduled to release its next quarterly earnings announcement on Thursday, April 8th 2021. Canaan Inc. American Depositary Shares. An indirect way to gain from this price appreciation is to consider crypto mining stocks to buy. Canaan is a Chinese healthcare technology company based in Zhejiang, China. Doug Parker has an approval rating of 60% among Canaan's employees. So far 1,428,943 shares have traded compared to average volume of 12,494,295 shares. Based on an average trading volume of 5,180,000 shares, the days-to-cover ratio is currently 1.0 days. 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 … The company announced in September 2020 a $10 million share repurchase program over the next 12 months. In simple terms, higher the volatility for a time period, greater will be the price variations during that period. During the recent session, Canaan Inc. (NASDAQ:CAN)’s traded shares were 3,083,132, with the beta value of the company hitting 0. Big Cap Pro. 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 … Canaan Inc. (NASDAQ:CAN) released its quarterly earnings results on Monday, November, 30th. View which stocks have been most impacted by … “The term crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. Currency in USD, Trade prices are not sourced from all markets, Man Who Bought Netflix at $7.78 Says Buy This Now. The company is not yet profitable and third-quarter 2020 results were not good for revenue. The key to success for this small-cap stock is to increase revenues and control costs. 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. Canaan has received 2 “outperform” votes. 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. 1.1% of Rambus shares are owned by company insiders. Get daily stock ideas top-performing Wall Street analysts. Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. The stock has traded between $5.50 and $5.65 so far today. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The stock broke out of a consolidation range in the last trading session on heavy volume. Since then, CAN stock has increased by 26.1% and is now trading at $4.93. Down 28.5% In 24 Hours, Where Does Ethereum (ETH) Go From Here? Receive a free world-class investing education from MarketBeat. Some companies that are related to Canaan include JinkoSolar (JKS), MaxLinear (MXL), Kulicke and Soffa Industries (KLIC), Rambus (RMBS), SiTime (SITM), Xperi (XPER), Silicon Motion Technology (SIMO), Ultra Clean (UCTT), OSI Systems (OSIS), CEVA (CEVA), Himax Technologies (HIMX), Maxeon Solar Technologies (MAXN), nLIGHT (LASR), ReneSola (SOL) and ChipMOS TECHNOLOGIES (IMOS). Let’s briefly compare Canaan Inc. (CAN) stock to its peers. In the most recent purchasing and selling session, Canaan Inc. (CAN)’s share price increased by 11.84 percent to ratify at $4.25. Nobody expects what they're predicting now... Start Your Risk-Free Trial Subscription Here, Mine OK'd in Trump's last days may boost Biden energy plan, DuPont, Chemours reach agreement over 'forever chemicals', Trapped for 2 weeks, 11 workers rescued from China gold mine, One of 22 workers trapped in China gold mine rescued, The Latest: Short on bed space, Brazilian state locks down, The Latest: Court rules against S. Calif. church request, Normal diets for trapped China miners as rescue continues, 3 Clean Energy Stocks that Could Get Boosted by Biden, Why These 3 ETFs Should be in Your 2021 Portfolio, Buy Kinder Morgan, Inc While It Still Yields 6.75%. Get Canaan Inc (CAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. The all-time high Canaan stock closing price was 8.99 on November 21, 2019. CAN Stock saw the intraday high of $4.815 and lowest of $4.545 per share. Canaan does not have a long track record of dividend growth. Canaan Inc. stock is now -19.06% down from its year-to-date (YTD) trading value. It is also involved in the assembly of system products; and supply chain and distribution of … The good news is that bitcoin surpassed $28,000. Canaan saw a decline in short interest in the month of December. The AvalonMiner 1166 Pro Sets Off for the mining farm of … Canaan Inc ADR stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. It will benefit if companies invest more in equipment for an efficient and cost-effective crypto mining business. Meanwhile, a report by Technavio projects growth of $2.8 billion in the mining hardware market from 2020 through 2024. Shares of CAN can be purchased through any online brokerage account. Learn more. 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. Fundamental company data provided by Morningstar and Zacks Investment Research. If the above statement is true, then the price-sales ratio of the stock would be now below 1. Please log in to your account or sign up in order to add this asset to your watchlist. Source: Shutterstock ... Canaan Share Price - CAN . Stable Share Price: CAN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 22% a week. The Canaan 52-week high stock price is 8.69, which is 57.4% above the current share price. Canaan stock was originally listed at a price of $8.99 in Nov 21, 2019. The novel coronavirus pandemic posed severe problems for crypto mining companies in logistics and the supply of miners. Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. Vote “Outperform” if you believe CAN will outperform the S&P 500 over the long term. 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.” View our full suite of financial calendars and market data tables, all for free. Over the past year the S&P 500 is up 15.76% while CAN is down -14.84%. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Riot Blockchain and its stock could benefit from future expansion and upgrading mining operations. Hive Blockchain Technologies (HVBTF) Stock analysis for Canaan Inc (CAN:NASDAQ GM) including stock price, stock chart, company news, key statistics, fundamentals and company profile. All rights reserved. The Canaan 52-week low stock price is 1.76, which is 68.1% below the current share price. The company is unprofitable for the past three years and an increase in bitcoin price could be a key catalyst for profitability. They called the 2020 crash 45 days early. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. MarketBeat just released five new trading ideas, but Canaan wasn't one of them. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Investment Thesis. 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. Founded in 2000, the company trades on the NASDAQ CM with the symbol CAN. Small-cap stocks such as MARA in general are higher risk compared to large-caps. The post 4 Crypto Mining Stocks Worth Investing In appeared first on InvestorPlace. It requires a lot of capital expenditures in technology equipment. 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's stock was trading at $3.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. The firm that called the Exact Peak of the Dot-Com boom has just issued another major prediction. 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. Marathon Patent Group (MARA) For investors interested in positions related to bitcoin, here are four crypto mining stocks to buy: $6.50. Here is simple explanation of the mining process from Sectigostore.com: Share Price & News. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. Canaan has received 71.43% “underperform” votes from our community. Do Not Sell My Information. 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. The … Latest Share Price and Events. Not something to call it a bargain stock, but still it is profitable. 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. View our earnings forecast for Canaan. In the past three months, Canaan insiders have not sold or bought any company stock. With growth expected both for the cryptocurrency mining and its hardware, cryptocurrency mining stocks are worth considering. More From InvestorPlace (Add your “outperform” vote. Canaan Swings to Q3 Loss, Revenue Declines 5:44AM ET 11/30/2020 MT Newswires. To see all exchange delays and terms of use please see disclaimer. In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. At the end of the trading day, the stock’s price was $4.95, reflecting an intraday gain of 3.12% or $0.15. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. MarketBeat's community ratings are surveys of what our community members think about Canaan and other stocks. Since then, CAN stock has increased by 25.6% and is now trading at $4.91. Export data to Excel for your own analysis. Want to see which stocks are moving? (CAN) Nasdaq Listed. View the latest market news and prices, and trading information. Its stock has a market capitalization of more than $1 billion. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. (CAN) raised $100 million in an initial public offering on Thursday, November 21st 2019. View Canaan's earnings history. A high-level overview of Canaan Inc. (CAN) stock. Expectations of selling more hardware are realistic and that’s why it is on this list of crypto mining stocks to buy. Volume today is below average. 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. Top Stock Picker Reveals His Next 1,000% Winner Still, there is some good news. A recent acquisition allows the company to doubles its bitcoin production capacity, as reported by AccessWire, is positive. Get Canaan Inc (CAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. ), Canaan has received 5 “underperform” votes. Marathon patent group also is investing heavily in expanding its crypto mining business. Canaan is based in China and manufactures hardware that can be used for bitcoin mining. 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. Canaan Inc. Reports Unaudited Third Quarter 2020 Financial Results. CAN | A complete CAN overview by MarketWatch. The company is based in Canada with operations in Canada, Sweden and Iceland. Learn about financial terms, types of investments, trading strategies and more. (Add your “underperform” vote.). Canaan trades on the NASDAQ under the ticker 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. In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. Looking for new stock ideas? The company can be reached via phone at 86 571 8999 5063. 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 The company reported ($0.08) earnings per share (EPS) for the quarter. View which stocks are hot on social media with MarketBeat's trending stocks report. Identify stocks that meet your criteria using seven unique stock screeners. 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. CAN Stock saw the intraday high of $4.815 and lowest of $4.545 per share. The Company's financial and operating results were released by our newswire services earlier today and are currently available online. 10 of 2020’s Most Fascinating SPAC Stocks Learn more. The repurchase reflects the optimism of the company’s management for future business conditions. The further price increase could also boost the profitability of the company and support a higher stock price. Add to portfolio. 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.

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