Canaan (NASDAQ:CAN – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect Canaan to post earnings of ($0.15) per share for the quarter. Canaan has set its Q3 2024 guidance at EPS.
Canaan (NASDAQ:CAN – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.15. Canaan had a negative return on equity of 59.66% and a negative net margin of 158.65%. The firm had revenue of $71.86 million during the quarter, compared to analysts’ expectations of $51.90 million. On average, analysts expect Canaan to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Canaan Stock Down 4.8 %
NASDAQ CAN opened at $0.97 on Monday. Canaan has a one year low of $0.72 and a one year high of $3.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 2.88. The business has a fifty day moving average price of $0.99 and a 200 day moving average price of $1.00. The company has a market cap of $272.12 million, a P/E ratio of -0.47 and a beta of 3.08.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Canaan
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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