Sunday, September 27, 2026

Canaan Already 4% Down, Almost Five Hours Before The Market Open

Canaan Already 4% Down, Almost Five Hours Before The Market Open

(VIANEWS) - The NASDAQ opens in less than five hours and Canaan's pre-market value is already 4.52% down.

Canaan's last close was $2.21, 51.32% under its 52-week high of $4.54.

The last session, NASDAQ finished with Canaan (CAN) jumping 9.41% to $2.21. NASDAQ rose 1.65% to $13,555.67, following the last session's upward trend on what was an all-around bullish trend trading session.

About Canaan

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. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.

Earnings Per Share

As for profitability, Canaan has a trailing twelve months EPS of $-0.44.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is negative -13.4%.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Canaan's EBITDA is 0.65.

Sales Growth

Canaan's sales growth is negative 68.8% for the ongoing quarter and negative 24.1% for the next.

Yearly Top and Bottom Value

Canaan's stock is valued at $2.21 at 05:21 EST, way below its 52-week high of $4.54 and way above its 52-week low of $1.83.

Moving Average

Canaan's worth is below its 50-day moving average of $2.42 and way below its 200-day moving average of $2.75.

More news about Canaan (CAN).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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