Canaan Inc. (CAN, Financial) experienced significant stock price volatility, dropping 5.15%. The stock is currently priced at $0.958 per share, with a trading volume of 2.997 million shares and a turnover rate of 1.04%. The price fluctuation stands at 5.94%.
Recent financial reports indicate that Canaan Inc. achieved a revenue of $71.86 million, but suffered a net loss of $41.88 million. This results in an earnings per share (EPS) of -$0.15 and a gross profit of -$19.13 million, giving the company a price-to-earnings (P/E) ratio of -0.62.
In terms of analyst ratings, all three participating institutions recommend a buy, with no hold or sell suggestions.
Within the computer hardware industry, where Canaan Inc. operates, the overall industry decline is 1.74%. Notable gainers in the sector include AgEagle Aerial Systems Inc., Ancom, and Red Cat Holdings, Inc. Active stocks in the same sector are AgEagle Aerial Systems Inc., Ionq Inc., and Advanced Micro Devices Inc., with turnover rates of 1122.80%, 4.32%, and 3.63% respectively. Stocks with significant price fluctuations include Rigetti Computing Inc C/Wts (To Pur Com), AgEagle Aerial Systems Inc., and Btc Digital Ltd C/Wts 31/03/2025 (To Pur Com), showing volatility rates of 74.86%, 72.79%, and 38.24% respectively.
Canaan Inc. specializes in the development of supercomputing chips and manufacturing digital blockchain computing devices, offering comprehensive solutions for both hardware and software. The company's products, including Kanzhi AI and Avalon Mining Machine, are sold across various regions such as mainland China, the United States, and Hong Kong, with the majority of revenue derived from China.
