Stocks are getting crushed on Thursday, on a muted economic outlook by the Federal Reserve and worries that the market has moved up too quickly, considering the threat the … Why Are Blockchain Stocks Dropping Today : Why Does The Price Of Bitcoin Keep Going Up / Here's why that's important to security.. Canaan engages in the research, design, and sale of integrated circuit final system products by integrating ic products for bitcoin mining. Over a period of past 1-month, stock came losing -59.55% in its value. Why Selecta Biosciences Stock Is Dropping Today. Source: research-assets.cbinsights.com. Discounted offers are only available to new members. Its Q4 revenue was down 82% year over year. After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. Shares of bitcoin-mining device maker Canaan (NASDAQ:CAN) plunged on Monday after the company delivered its results for the third quarter. In the current trading session, Canaan Inc. (CAN) stock soared by 0.30% to the price of $13.20 at the time of writing. Why Are Blockchain Stocks Dropping Today : Why Selecta Biosciences Stock Is Dropping Today / Canaan engages in the research, design, and sale of integrated circuit final system products by integrating ic products for bitcoin mining.. This is why it happened. CAN stock closed the previous session at $13.16. With this latest performance, CAN shares dropped by -55.87% in over the last four-week period, additionally plugging by 544.97% over the last 6 months – not to mention a rise of 192.33% in the past year of trading. However, there isn't much demand for old inventory, which is what Canaan's been working through. The figures also indicate that as of March 30, 2021, number of stock’s short shares was 8370000 which implies a short ratio of 0.37. 10 stocks we like better than Canaan Inc. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform. Number of outstanding shares of the stock stood at 155.22 Million. Canaan Inc. [CAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -31.54. Canaan Inc. had a pretty favorable run when it comes to the market performance. Unlike bitcoin miners like Marathon Patent Group (NASDAQ: MARA) and Riot Blockchain (NASDAQ: RIOT) , Canaan primarily manufactures the hardware including its artificial intelligence (AI) chips and mining … Canaan’s products are primarily used by bitcoin miners, with the crypto-currency trend on the rise. Why Bitcoin Mining Stocks Got Crushed Today Bitcoin may be going down because regulatory and valuation concerns are rising. The 1-year high price for the company’s stock is recorded $39.10 on 03/12/21, with the lowest value was $4.30 for the same time period, recorded on 01/27/21. Feel free to reach out to me at jon.quast@foolcontractors.com. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that CAN hit a high price of $39.1 and saw its price falling to a low level of $1.76 during that period. Your email address will not be published. In February, the company announced that … We’re motley! As of 1 p.m. EDT, the stock was down a painful 28%. Canaan does not break out its balance sheets by quarter, however, when we calculated Canaan’s annual inventory turnover, and inventory days on hand, they were much better in … Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Canaan Stock Crashed Today @themotleyfool #stocks $CAN, Here's Why Canaan Stock Was Soaring Today, Copyright, Trademark and Patent Information. For the last six months, the stock has soared a staggering 623.94%. Yesterday the stock price of Canaan fell by 29.62% due to the company’s fourth-quarter revenue dropping 82% year-over-year. If they pump the stock to $1.50/share they cash out $1 million extra. Canaan Inc. (CAN) full year performance was 744.65% Cryptocurrency mining equipment maker Canaan (NASDAQ: CAN) stock has exploded in 2021 as traders piled into this stock with the surge in Bitcoin (BTC) and cryptocurrency prices. Hence, there would be no demand for … On the other hand, the S&P 500 Index is up 0.85% in the early deals today while the Dow Jones Industrial was dealinghigher at 0.75%. View which stocks have been most impacted by … The CAN stock volume traded today is 2.2 million shares. In comparing Canaan Inc. (CAN)’s stock with other industry players reveals that stock’s latest price change of -4.05% and that of +195% over the past 12 months is in competing position with that of Microsoft Corp (MSFT) which saw its stock price raised by 1.26% in the recent trading and went through an increase of 47.14% in past 12-month trading. Why Canaan Stock Was Crushed Today. If the cost to mine bitcoin goes up, but the value of the reward goes down, then a miner's incentive is gone. We do not sell or share your information with anyone. Canaan Inc. (NASDAQ:CAN) concluded the trading at $13.02 on Thursday, Apr 15, with a fall of -4.05% from its closing price on previous day. Any recent news is not provided as the reason for the rise and fall of CAN stock. However, Canaan has over $170 million in … The semiconductor company expects revenue of at least 400 million Chinese yuan (around $61 million) in the first quarter of 2021, which is almost as much as what it generated in all of 2020. About Canaan. Since then, CAN shares have increased by 147.8% and is now trading at $9.69. Canaan is a computer hardware manufacturing company based in China. What's great about exploring business and the economy is the insight it gives you into how things are in the world. Baxter International Inc (BAX) Q1 2021 Earnings Call Transcript. The stock price of Canaan Inc (NASDAQ: CAN) fell by over 9% pre-market. The trading price of Under Armour, Inc. (NYSE:UA) floating lower at last check on Wednesday, May 19, closing at $18.98, -3.42% lower than its previous, The trading price of The Williams Companies, Inc. (NYSE:WMB) floating lower at last check on Wednesday, May 19, closing at $26.33, -1.52% lower than its, The trading price of Rite Aid Corporation (NYSE:RAD) floating lower at last check on Wednesday, May 19, closing at $20.08, -5.33% lower than its previous, Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning, Join now to get the Newsheater.com pre-market morning brief 100% free. However, it's harder to have precise expectations for profitability, as the market factors that affect the price of its mining machines fluctuate. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Why selecta biosciences stock is dropping today / canaan engages in the research, design, and sale of integrated circuit final system products by integrating ic products for bitcoin mining. Get the hottest stocks to trade every day before the market opens 100% free. Advanced Stock Screeners and Research Tools. While none of this was entirely unexpected, it seems investors are having second thoughts about Canaan stock in light of these results. Industry’s another major player Adobe Systems Inc (ADBE) has jumped 2.48% up in latest trading session, but over the past year has faced arise of 49.85%, while Oracle Corp (ORCL) was also down -4.05% however its price remained floating in the green at 195% over the same period. Investing in stocks, such as Canaan Inc, is an excellent way to grow wealth. Canaan had almost nothing to show for its fourth-quarter efforts. In March the standing of shares short improved as it was 4.34 Million in the previous month. Canaan generated just $5.9 million in revenue in Q4 and only $68.6 million for full-year 2020. A high-level overview of Canaan Inc. (CAN) stock. What occurred Shares of Canaan (NASDAQ:CAN) jumped as a lot as 17.2% larger on Monday morning. Visit site. For long-term investors, stocks are a good investment even during periods of the market volatility - a stock market downturn means that many stocks are on sale.

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