Canaan (CAN)
(Delayed Data from NSDQ)
$0.99 USD
+0.02 (2.57%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $0.99 0.00 (-0.15%) 7:58 PM ET
2-Buy of 5 2
F Value C Growth B Momentum D VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
CAN 0.99 +0.02(2.57%)
Will CAN be a Portfolio Killer in August?
Zacks Investment Research is releasing its prediction for CAN based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for CAN
Canaan (CAN) Upgraded to Buy: Here's Why
Canaan (CAN) Reports Q2 Loss, Tops Revenue Estimates
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Other News for CAN
The Benchmark Company Announces Upcoming September Conference Schedule
Warning: CAN is at high risk of performing badly
Nomura Reaffirms Their Hold Rating on Canaan (CAN)
Canaan Inc. to Participate in Rosenblatt's 4th Annual Technology Summit
Analysts Offer Insights on Technology Companies: Canaan (CAN), Salesforce (CRM) and Coherent Corp (COHR)