On the date of publication, Stavros Georgiadis, CFA, did not have (either directly or indirectly) any positions in the securities mentioned in this article. Canaan stock was originally listed at a price of $8.99 in Nov 21, 2019. 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. 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. To see all exchange delays and terms of use please see disclaimer. The all-time high Canaan stock closing price was 8.99 on November 21, 2019. 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 … Canaan is a Chinese healthcare technology company based in Zhejiang, China. The official website for Canaan is canaan-creative.com. The firm engages in the development, production and marketing of pharmaceutical equipment across China and overseas. ... Canaan Share Price - CAN . The company can be reached via phone at 86 571 8999 5063. 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. MarketBeat just released five new trading ideas, but Canaan wasn't one of them. CAN, Canaan Inc Cl A Ads - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Canaan is based in China and manufactures hardware that can be used for bitcoin mining. This share price information is delayed by 15 minutes. View our earnings forecast for Canaan. A high-level overview of Canaan Inc. (CAN) stock. Since our first writeup on Canaan Inc. on August 12, 2020, CAN stock price has gone up over 110% (see chart below), outperforming … Crypto Mining Stocks to Buy: RIOT https://finance.yahoo.com/news/canaan-inc-good-stock-buy-225043912.html Crypto mining is a complicated process. Canaan trades on the NASDAQ under the ticker symbol "CAN.". 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. Add to watchlist. Canaan Inc (CAN) Q3 2020 Earnings Call Transcript. The AvalonMiner 1166 Pro Sets Off for the mining farm of … Get short term trading ideas from the MarketBeat Idea Engine. Data is currently not available. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. MarketBeat's community ratings are surveys of what our community members think about Canaan and other stocks. Canaan does not currently pay a dividend. How has Canaan's share price performed over time and what events caused price changes? Here is simple explanation of the mining process from Sectigostore.com: The company’s 52-week high price is 8.69, which means current price is +5.61% above from all … Canaan Inc. American Depositary Shares. 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. Doug Parker has an approval rating of 60% among Canaan's employees. 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). Learn more. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. Source: Shutterstock Canaan has received 71.43% “underperform” votes from our community. Let’s briefly compare Canaan Inc. (CAN) stock to its peers. Riot Blockchain (NASDAQ:RIOT) Company profile page for Canaan Inc including stock price, company news, press releases, executives, board members, and contact information ... Canaan Inc. View which stocks are hot on social media with MarketBeat's trending stocks report. And its operating income for the 12 trailing months is positive. Marathon Patent Group (NASDAQ:MARA) 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. ), Canaan has received 5 “underperform” votes. Top Stock Picker Reveals His Next 1,000% Winner ... Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. Canaan Inc. Reports Unaudited Third Quarter 2020 Financial Results. A recent acquisition allows the company to doubles its bitcoin production capacity, as reported by AccessWire, is positive. 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. ... Why This Time Could Be Different for Canaan … Want to see which stocks are moving? The stock has traded between $5.50 and $5.65 so far today. $6.34. The stock broke out of a consolidation range in the last trading session on heavy volume. 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. The company reported ($0.08) earnings per share (EPS) for the quarter. View our full suite of financial calendars and market data tables, all for free. 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. Canaan Swings to Q3 Loss, Revenue Declines 5:44AM ET 11/30/2020 MT Newswires. View Canaan's Short Interest. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. © 2021 Verizon Media. View Canaan's earnings history. 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). 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 Canaan stock price and CAN stock charts. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. With a market capitalization of less than $600 million, this stock has great risk, but also the potential for high returns. -0.34 (-5.09%) CLOSED AT 4:00 PM ET ON Jan 05, 2021. In the most recent purchasing and selling session, Canaan Inc. (CAN)’s share price increased by 11.84 percent to ratify at $4.25. Hive Blockchain Technologies (HVBTF) Volume today is below average. The Canaan 52-week high stock price is 8.69, which is 57.4% above the current share price. Canaan's mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016. 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. Investment Thesis. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Learn everything you need to know about successful options trading with this three-part video course. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. 10 of 2020’s Most Fascinating SPAC Stocks Source: Shutterstock They called the 2020 crash 45 days early. Still, there is some good news. More From InvestorPlace Find the latest Institutional Holdings data for Canaan Inc. American Depositary Shares (CAN) at Nasdaq.com. Ladies and gentlemen, thank you for standing by, and welcome to Canaan Inc.'s Third Quarter 2020 Earnings Call. Why Everyone Is Investing in 5G All WRONG View which stocks have been most impacted by … All rights reserved. “The global Cryptocurrency Mining market size is projected to reach US$ 2584.6 million by 2026, from US$ 1015.9 million in 2020, at a CAGR of 16.8% during 2021-2026.” The company was founded in 2013 and is based in Hangzhou, the People's Republic of China. 1,448 employees have rated Canaan CEO Doug Parker on Glassdoor.com. Analyst Report: Alibaba Group Holding Limited, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGM - NasdaqGM Real Time Price. Based on an average trading volume of 5,180,000 shares, the days-to-cover ratio is currently 1.0 days. Canaan employs 333 workers across the globe. 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 … 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. 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. 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. Since then, CAN stock has increased by 25.6% and is now trading at $4.91. 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 | A complete CAN overview by MarketWatch. 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. Vote “Underperform” if you believe CAN will underperform the S&P 500 over the long term. Canaan (CAN) stock price, charts, trades & the US's most popular discussion forums. In simple terms, higher the volatility for a time period, greater will be the price variations during that period. It will benefit if companies invest more in equipment for an efficient and cost-effective crypto mining business. 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%. The … Marathon Patent Group (MARA) Please log in to your account or sign up in order to add this asset to your watchlist. $6.50. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Canaan does not have a long track record of dividend growth. In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. 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. Comparatively, 1.1% of Canaan shares are owned by institutional investors. Shares of CAN can be purchased through any online brokerage account. 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. Nasdaq 100. Riot Blockchain and its stock could benefit from future expansion and upgrading mining operations. 10 of 2020’s Most Fascinating SPAC Stocks Share Price & News. For the revenue part, it has already shown a successful positive trend increase for the past three consecutive years. Expectations of selling more hardware are realistic and that’s why it is on this list of crypto mining stocks to buy. Canaan (NASDAQ:CAN) 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 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.” Stable Share Price: CAN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 22% a week. The crypto mining business is risky but can be promising and profitable if bitcoin appreciates in the future. CAN Stock saw the intraday high of $4.815 and lowest of $4.545 per share. 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. Add an alert. Canaan is scheduled to release its next quarterly earnings announcement on Thursday, April 8th 2021. An indirect way to gain from this price appreciation is to consider crypto mining stocks to buy. © American Consumer News, LLC dba MarketBeat® 2010-2021. (CAN) raised $100 million in an initial public offering on Thursday, November 21st 2019. View all of CAN's competitors. “The term crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. The post 4 Crypto Mining Stocks Worth Investing In appeared first on InvestorPlace. Its stock has a market capitalization of more than $1 billion. Canaan (CAN) Canaan has a market capitalization of $769.27 million and generates $204.35 million in revenue each year. And, it has significant expenses in terms of electricity and even cooling equipment for a large number of computers used. Its stock has a market capitalization of more than $1 billion. 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