Canaan Inc. (CAN, Financial) experienced a significant stock price increase of 5.05%, reaching $2.19 per share. The trading volume was 13.1178 million shares, with a turnover rate of 4.55% and a volatility of 10.10%. Recent financial reports reveal a revenue of $73.61 million, a net loss of $75.58 million, and an earnings per share of -$0.27, resulting in a price-to-earnings ratio of -1.61.
All four institutions that rated the stock have given it a "buy" recommendation, with no "hold" or "sell" suggestions. In the computer hardware sector, where Canaan operates, the overall increase was 0.12%. Notably, Quantum, Canaan, and Ionq, Inc. showed significant gains. Quantum, AgEagle Aerial Systems, and Super Micro Computer (SMCI) were highly active stocks.
Canaan Inc. specializes in developing supercomputing chips and blockchain computing devices, with products like Kanzhi Al and Avalon Mining Machine, primarily generating revenue from China.
