Canaan (NASDAQ:CAN – Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $10.41 million for the quarter.
Canaan Trading Down 6.7 %
NASDAQ CAN opened at $1.67 on Friday. Canaan has a fifty-two week low of $0.72 and a fifty-two week high of $3.27. The stock has a market cap of $470.24 million, a P/E ratio of -1.24 and a beta of 3.26. The stock has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $1.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.45 and a current ratio of 2.03.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CAN. Rosenblatt Securities reaffirmed a “buy” rating and set a $8.00 price objective on shares of Canaan in a research report on Thursday. HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Canaan in a research note on Wednesday, January 22nd.
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.
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