Over the past year the S&P 500 is up 15.76% while CAN is down -14.84%. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. Crypto Mining Stocks to Buy: RIOT 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. Price/Cash Flow: Latest closing price divided by the last 12 months revenue/cash flow per share. 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. All rights reserved. Crypto mining is a complicated process. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for CAN and its competitors with MarketBeat's FREE daily newsletter. The crypto mining business is risky but can be promising and profitable if bitcoin appreciates in the future. Vote “Underperform” if you believe CAN will underperform the S&P 500 over the long term. Marathon patent group also is investing heavily in expanding its crypto mining business. 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 … One share of CAN stock can currently be purchased for approximately $4.91. https://finance.yahoo.com/news/canaan-inc-good-stock-buy-225043912.html If you had invested in Canaan stock at $8.99, your return over the last 1 years would have been -45.05%, for an annualized return of -45.05%. View our full suite of financial calendars and market data tables, all for free. 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. The company’s 52-week high price is 8.69, which means current price is +5.61% above from all … 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). Source: Shutterstock Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. CAN | A complete CAN overview by MarketWatch. Riot Blockchain and its stock could benefit from future expansion and upgrading mining operations. Receive a free world-class investing education from MarketBeat. An indirect way to gain from this price appreciation is to consider crypto mining stocks to buy. 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. Also in this case, the story about the fundamentals is true. Canaan has received 71.43% “underperform” votes from our community. With a market capitalization of less than $600 million, this stock has great risk, but also the potential for high returns. The further price increase could also boost the profitability of the company and support a higher stock price. Price (USD) 4.93. 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. Want to see which stocks are moving? With Canaan stock trading at $4.94 per share, the total value of Canaan stock (market capitalization) is $785.16M. 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. It will benefit if companies invest more in equipment for an efficient and cost-effective crypto mining business. (CAN) raised $100 million in an initial public offering on Thursday, November 21st 2019. Canaan, Inc. provides high-performance computing solutions to efficiently solve complex problems. In last trading session, Canaan Inc. (NASDAQ:CAN) saw 8,311,387 shares changing hands with its beta currently measuring 0. 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 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. Please log in to your account or sign up in order to add this asset to your watchlist. The firm that called the Exact Peak of the Dot-Com boom has just issued another major prediction. 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. Radical New Battery Could Dismantle Oil Markets Do Not Sell My Information. -0.34 (-5.09%) CLOSED AT 4:00 PM ET ON Jan 05, 2021. Let’s briefly compare Canaan Inc. (CAN) stock to its peers. It is also involved in the assembly of system products; and supply chain and distribution of … HIVE Blockchain Technologies (OTC:HVBTF) All rights reserved. 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. 10 of 2020’s Most Fascinating SPAC Stocks The AvalonMiner 1166 Pro Sets Off for the mining farm of … The repurchase reflects the optimism of the company’s management for future business conditions. The … Get instant access to a free live streaming chart of the Canaan Inc Stock. The novel coronavirus pandemic posed severe problems for crypto mining companies in logistics and the supply of miners. Canaan Inc. stock is now -19.06% down from its year-to-date (YTD) trading value. You can opt out at any time. 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. 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. CAN is up $0.40 from the previous closing price of $3.56 on volume of 2,652,226 shares. Today's Change 0.08 / 1.65%. Learn more. Still, there is some good news. 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. For investors interested in positions related to bitcoin, here are four crypto mining stocks to buy: 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. Canaan has received 2 “outperform” votes. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. So far 1,428,943 shares have traded compared to average volume of 12,494,295 shares. Investment Thesis. Since then, CAN stock has increased by 26.1% and is now trading at $4.93. ... Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. Citigroup, China Renaissance and CMBI served as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers. Canaan has a market capitalization of $769.27 million and generates $204.35 million in revenue each year. View our earnings forecast for Canaan. Ladies and gentlemen, thank you for standing by, and welcome to Canaan Inc.'s Third Quarter 2020 Earnings Call. The post 4 Crypto Mining Stocks Worth Investing In appeared first on InvestorPlace. View which stocks have been most impacted by COVID-19. 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. Riot Blockchain (NASDAQ:RIOT) Get daily stock ideas top-performing Wall Street analysts. 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.” Volume today is below average. $6.50. Not something to call it a bargain stock, but still it is profitable. 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. The key to success for this small-cap stock is to increase revenues and control costs. The stock broke out of a consolidation range in the last trading session on heavy volume. Canaan Inc. Add to portfolio. 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. Down 28.5% In 24 Hours, Where Does Ethereum (ETH) Go From Here? It is based in Las Vegas and its fundamentals are not inspiring. Doug Parker has an approval rating of 60% among Canaan's employees. Learn everything you need to know about successful options trading with this three-part video course. (Add your “underperform” vote.). Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. CAN, Canaan Inc Cl A Ads - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Why Everyone Is Investing in 5G All WRONG With growth expected both for the cryptocurrency mining and its hardware, cryptocurrency mining stocks are worth considering. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. This share price information is delayed by 15 minutes. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. The stock broke out of a consolidation range in the last trading session on heavy volume. Its stock has a market capitalization of more than $1 billion. Add an alert. Free real-time prices, and the most active stock market forums. A high-level overview of Canaan Inc. (CAN) stock. Canaan (NASDAQ:CAN) Canaan trades on the NASDAQ under the ticker symbol "CAN.". A high-level overview of Canaan Inc. (CAN) stock. It requires a lot of capital expenditures in technology equipment. View which stocks have been most impacted by … The firm engages in the development, production and marketing of pharmaceutical equipment across China and overseas. View all of CAN's competitors. In simple terms, higher the volatility for a time period, greater will be the price variations during that period. A return to normal business conditions will be a positive factor for these crypto mining stocks. The company issued 10,000,000 shares at $9.00-$11.00 per share. 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.” At the end of the trading day, the stock’s price was $4.95, reflecting an intraday gain of 3.12% or $0.15. Canaan Inc. American Depositary Shares. Canaan does not currently pay a dividend. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Canaan stock price and CAN stock charts. “The global Cryptocurrency Mining market size is projected to reach US$ 2584.6 million by 2026, from US$ 1015.9 million in 2020, at a CAGR of 16.8% during 2021-2026.” The company reported ($0.08) earnings per share (EPS) for the quarter. The all-time high Canaan stock closing price was 8.99 on November 21, 2019. Actions. See what's happening in the market right now with MarketBeat's real-time news feed. CAN Stock saw the intraday high of $4.815 and lowest of $4.545 per share. Share Price & News. Export data to Excel for your own analysis. Data is currently not available. The company announced in September 2020 a $10 million share repurchase program over the next 12 months. And, it has significant expenses in terms of electricity and even cooling equipment for a large number of computers used. Get Canaan Inc (CAN:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. It reached a new all-time high above $34,000 in 2021. CAN:NMQ NASDAQ. The good news is that bitcoin surpassed $28,000. Canaan is based in China and manufactures hardware that can be used for bitcoin mining. “The term crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. Shares of CAN can be purchased through any online brokerage account. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. They called the 2020 crash 45 days early. As of 20/01/21, shares in Canaan Inc are trading at $4.94, giving the company a market capitalisation of £572.1m. Only 4.10% of the stock of Canaan is held by institutions. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Canaan Inc ADR stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Source: Shutterstock Shares traded 5.89m. Big Cap Pro. Subscribe to Premium to view Fair Value for CAN. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Stock analysis for Canaan Inc (CAN:NASDAQ GM) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 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. Canaan Inc. American Depositary Shares (CAN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Since our first writeup on Canaan Inc. on August 12, 2020, CAN stock price has gone up over 110% (see chart below), outperforming … View the latest market news and prices, and trading information. Looking for new stock ideas? Companies and funds with direct exposure to Bitcoin and cryptocurrency witnessed price gains as Bitcoin set a new price record. Stable Share Price: CAN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 22% a week. 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. Identify stocks that meet your criteria using seven unique stock screeners. Canaan's management team includes the following people: Man Who Predicted March 2020 Crash Makes Bold Tech Stock Prediction. View which stocks are hot on social media with MarketBeat's trending stocks report. It is also involved in the assembly of system products; and supply chain and distribution of … Fundamental company data provided by Morningstar and Zacks Investment Research. 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. The company is not yet profitable and third-quarter 2020 results were not good for revenue. Latest Share Price and Events. MarketBeat's community ratings are surveys of what our community members think about Canaan and other stocks. 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. Analyst Report: Alibaba Group Holding Limited, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGM - NasdaqGM Real Time Price. © American Consumer News, LLC dba MarketBeat® 2010-2021. Marathon Patent Group (MARA) 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. How has Canaan's share price performed over time and what events caused price changes? 4.95-0.33 (-6.25%) Upgrade to Real-Time Afterhours (Closed) Best deals to access real time data! You may vote once every thirty days. However, that anmount may seem trivial for a company with a market capitalization of more than $1 billion. Below the current share price stocks have been most impacted by COVID-19 hardware are and! Get Canaan Inc ( NASDAQ: CAN ) has been on fire the year. Call it a bargain stock, but there may be better short-term opportunities in the areas of artificial development! Company reported ( $ 0.08 ) earnings per share saw a decline in short interest in market. 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