Canaan (CAN)
(Delayed Data from NSDQ)
$1.01 USD
-0.10 (-9.01%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $1.01 0.00 (0.00%) 7:58 PM ET
2-Buy of 5 2
F Value D Growth B Momentum F 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 1.01 -0.10(-9.01%)
Will CAN be a Portfolio Killer in September?
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
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Canaan (CAN) Upgraded to Buy: Here's Why
CAN: What are Zacks experts saying now?
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Canaan (CAN) Reports Q2 Loss, Tops Revenue Estimates
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Other News for CAN
Crypto Currents: CleanSpark acquires two bitcoin mining sites in Mississippi
Canaan rated new Buy at B. Riley on growth, competition
Canaan initiated with bullish view at B. Riley, here's why
iTeos Therapeutics, Upstart Holdings And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Crypto Currents: CleanSpark to acquire seven bitcoin mining facilities