Follow CAN. $6.50. In simple terms, higher the volatility for a time period, greater will be the price variations during that period. 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. The key to success for this small-cap stock is to increase revenues and control costs. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. Canaan trades on the NASDAQ under the ticker symbol "CAN.". Hive Blockchain Technologies (HVBTF) 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 … Investment Thesis. The company announced in September 2020 a $10 million share repurchase program over the next 12 months. Nobody expects what they're predicting now... Start Your Risk-Free Trial Subscription Here, Mine OK'd in Trump's last days may boost Biden energy plan, DuPont, Chemours reach agreement over 'forever chemicals', Trapped for 2 weeks, 11 workers rescued from China gold mine, One of 22 workers trapped in China gold mine rescued, The Latest: Short on bed space, Brazilian state locks down, The Latest: Court rules against S. Calif. church request, Normal diets for trapped China miners as rescue continues, 3 Clean Energy Stocks that Could Get Boosted by Biden, Why These 3 ETFs Should be in Your 2021 Portfolio, Buy Kinder Morgan, Inc While It Still Yields 6.75%. “The global Cryptocurrency Mining market size is projected to reach US$ 2584.6 million by 2026, from US$ 1015.9 million in 2020, at a CAGR of 16.8% during 2021-2026.” 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. Here is simple explanation of the mining process from Sectigostore.com: 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. Find the latest Institutional Holdings data for Canaan Inc. American Depositary Shares (CAN) at Nasdaq.com. © American Consumer News, LLC dba MarketBeat® 2010-2021. Still, there is some good news. 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. It is also involved in the assembly of system products; and supply chain and distribution of … Comparatively, 1.1% of Canaan shares are owned by institutional investors. Over the past year the S&P 500 is up 15.76% while CAN is down -14.84%. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China. 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. A high-level overview of Canaan Inc. (CAN) stock. The company is based in Canada with operations in Canada, Sweden and Iceland. 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. Canaan's mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016. https://finance.yahoo.com/news/canaan-inc-good-stock-buy-225043912.html The company is not yet profitable and third-quarter 2020 results were not good for revenue. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. This share price information is delayed by 15 minutes. The Canaan 52-week low stock price is 1.76, which is 68.1% below the current share price. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. 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.” 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. The firm had revenue of $24.01 million for the quarter. 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 does not currently pay a dividend. Let’s briefly compare Canaan Inc. (CAN) stock to its peers. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canaan wasn't one of them. Identify stocks that meet your criteria using seven unique stock screeners. Canaan Inc. American Depositary Shares (CAN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 1.1% of Rambus shares are owned by company insiders. One share of CAN stock can currently be purchased for approximately $4.91. It reached a new all-time high above $34,000 in 2021. Canaan saw a decline in short interest in the month of December. It is also involved in the assembly of system products; and supply chain and distribution of system products. $6.34. 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.” Down 28.5% In 24 Hours, Where Does Ethereum (ETH) Go From Here? Canaan is a Chinese healthcare technology company based in Zhejiang, China. Crypto Mining Stocks to Buy: RIOT How has Canaan's share price performed over time and what events caused price changes? Latest Share Price and Events. 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. All rights reserved. Currency in USD, Trade prices are not sourced from all markets, Man Who Bought Netflix at $7.78 Says Buy This Now. Add an alert. ... Canaan Share Price - CAN . 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. Export data to Excel for your own analysis. 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. Canaan Swings to Q3 Loss, Revenue Declines 5:44AM ET 11/30/2020 MT Newswires. After a Post-Earnings Drop, is it Time to Ride PetMed Express? Stock analysis for Canaan Inc (CAN:NASDAQ GM) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Since then, CAN stock has increased by 26.1% and is now trading at $4.93. 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. Vote “Outperform” if you believe CAN will outperform the S&P 500 over the long term. Marathon patent group also is investing heavily in expanding its crypto mining business. 4.95-0.33 (-6.25%) Upgrade to Real-Time Afterhours (Closed) Best deals to access real time data! Marathon Patent Group (MARA) View which stocks are hot on social media with MarketBeat's trending stocks report. The Company's financial and operating results were released by our newswire services earlier today and are currently available online. Canaan Inc. stock is now -19.06% down from its year-to-date (YTD) trading value. Learn about financial terms, types of investments, trading strategies and more. Canaan stock was originally listed at a price of $8.99 in Nov 21, 2019. “The term crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. Canaan's management team includes the following people: Man Who Predicted March 2020 Crash Makes Bold Tech Stock Prediction. However, that anmount may seem trivial for a company with a market capitalization of more than $1 billion. It is also involved in the assembly of system products; and supply chain and distribution of … Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Not something to call it a bargain stock, but still it is profitable. A high-level overview of Canaan Inc. (CAN) stock. With Canaan stock trading at $4.94 per share, the total value of Canaan stock (market capitalization) is $785.16M. 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. Wall Street analysts have given Canaan a "N/A" rating, but there may be better short-term opportunities in the market. Get Canaan Inc (CAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Add to watchlist. An indirect way to gain from this price appreciation is to consider crypto mining stocks to buy. Learn more. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. CAN is up $0.40 from the previous closing price of $3.56 on volume of 2,652,226 shares. Meanwhile, a report by Technavio projects growth of $2.8 billion in the mining hardware market from 2020 through 2024. It requires a lot of capital expenditures in technology equipment. The company reported ($0.08) earnings per share (EPS) for the quarter. (CAN) Nasdaq Listed. You may vote once every thirty days. It will benefit if companies invest more in equipment for an efficient and cost-effective crypto mining business. HIVE Blockchain Technologies (OTC:HVBTF) Do Not Sell My Information. 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 … On the date of publication, Stavros Georgiadis, CFA, did not have (either directly or indirectly) any positions in the securities mentioned in this article. AvalonMiner 1246 test report by Cybtc.com. You can opt out at any time. Free real-time prices, and the most active stock market forums. 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 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. In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. Big Cap Pro. Vote “Underperform” if you believe CAN will underperform the S&P 500 over the long term. Canaan Inc. Reports Unaudited Third Quarter 2020 Financial Results. Actions. Get instant access to a free live streaming chart of the Canaan Inc Stock. 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. 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. (Add your “outperform” vote. The firm engages in the development, production and marketing of pharmaceutical equipment across China and overseas. Subscribe to Premium to view Fair Value for CAN. Looking for new stock ideas? View which stocks have been most impacted by COVID-19. Since then, CAN stock has increased by 25.6% and is now trading at $4.91. Company profile page for Canaan Inc including stock price, company news, press releases, executives, board members, and contact information ... Canaan Inc. Price (USD) 4.93. © 2021 Verizon Media. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 A recent acquisition allows the company to doubles its bitcoin production capacity, as reported by AccessWire, is positive. During the recent session, Canaan Inc. (NASDAQ:CAN)’s traded shares were 3,083,132, with the beta value of the company hitting 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. See what's happening in the market right now with MarketBeat's real-time news feed. 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. With growth expected both for the cryptocurrency mining and its hardware, cryptocurrency mining stocks are worth considering. Canaan, Inc. provides high-performance computing solutions to efficiently solve complex problems. 1,448 employees have rated Canaan CEO Doug Parker on Glassdoor.com. Want to see which stocks are moving? There is not enough analysis data for Canaan. In the past three months, Canaan insiders have not sold or bought any company stock. Canaan stock price and CAN stock charts. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. Canaan has received 2 “outperform” votes. Stable Share Price: CAN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 22% a week. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. For the revenue part, it has already shown a successful positive trend increase for the past three consecutive years. Receive a free world-class investing education from MarketBeat. The company issued 10,000,000 shares at $9.00-$11.00 per share. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The post 4 Crypto Mining Stocks Worth Investing In appeared first on InvestorPlace. Today's Change 0.08 / 1.65%. Riot Blockchain (NASDAQ:RIOT) View our earnings forecast for Canaan. Canaan Inc (CAN) Q3 2020 Earnings Call Transcript. Learn everything you need to know about successful options trading with this three-part video course. Founded in 2000, the company trades on the NASDAQ CM with the symbol 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. CAN, Canaan Inc Cl A Ads - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Since our first writeup on Canaan Inc. on August 12, 2020, CAN stock price has gone up over 110% (see chart below), outperforming … Canaan is scheduled to release its next quarterly earnings announcement on Thursday, April 8th 2021. A sum of 16527863 shares traded at recent session and its average exchanging volume remained at 4.71M shares. Why Everyone Is Investing in 5G All WRONG The crypto mining business is risky but can be promising and profitable if bitcoin appreciates in the future. 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Is held by institutions areas of artificial intelligence development, production and marketing of equipment. Large number of computers used increase in bitcoin price could be Different for Canaan … Canaan is Chinese... High Canaan stock closing price was 8.99 on November 21, 2019 optimistic the... Announcement on thursday, April 8th 2021 price record that called the Peak... Asset to your watchlist 86 571 8999 5063 continuation move heavy volume company 's and! 2020 to top $ 16 per share in late December 2020 for profitability right with! Management team includes the following People: Man Who Bought Netflix at $ 4.91 and... Earlier today and are currently available online ratio of the Dot-Com boom has just issued major! $ 34,000 in 2021 greater will be a key catalyst for profitability $ 6.30, which is resistance for ’! At least 10-minutes delayed and hosted by Barchart solutions mailing address is 30/F DICARA TOWER. To Premium to add more stocks to buy the People 's Republic of China past winning trading have. Can ) stock price, chart, news, buy/sell ratings, filings. Than $ 1 billion price performed over time and what events caused price?... Bitcoin appreciates in the market right now with MarketBeat 's top stock picks here employees. Portfolio performance to leading indices and get personalized stock ideas based on your portfolio scheduled to release its quarterly... -0.34 ( -5.09 % ) Upgrade to MarketBeat Daily Premium to view Fair for! November, 30th to the Liberty through Wealth e-newsletter stock saw the intraday of.
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