To The Moon

From a technical perspective, Canaan Inc. Sponsored ADR is looking like an interesting pick, as it just reached a key level of support. CAN's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.A golden cross contrasts with a death cross, another widely-follo

Canaan Inc. , a leading manufacturer of bitcoin mining machines, saw its stock soar 8.24% on Friday during the intraday trading session, following the rally in bitcoin prices and rising optimism around the crypto mining industry.The surge in CAN's stock price was driven by a bullish technical signal called a "golden cross" formed when the stock's 50-day moving average crossed above its 200-day moving average. This pattern is often seen as a precursor to a potential bullish breakout.Additionally,

Yangzijiang Shipbuilding Holdings' shares dropped Monday morning following news of arbitration proceedings against three of the company's subsidiaries for alleged breach of contract.Shares of the Sing

Cann Group Ltd. (AU:CAN) has released an update. Cann Group Limited has successfully commissioned a new automated multi-head filler, packing approx...

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.Given this risk, we thought we'd take a look at whether Dada Nexus shareholders should be worried about its cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.When Might Dada Nexus Run Out Of Money?So, Should We Worry About Dada Nexus' Cash Burn?

MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.The ente

Rosenblatt initiated coverage of Canaan with a Buy rating and a $3 price target. Analyst Kevin Cassidy argued that Canaan's position in front of the coming bitcoin bull market is compelling. Singapore-based Canaan engages in the design and sale of integrated circuits, or IC, and the lease of final mining equipment by integrating IC products for bitcoin mining in China. Cassidy said Canaan's positioning starts with its advanced ASIC chip technology, which he sees as foundational for Bitcoin mining machines. This offers what the analyst characterized as superior performance, energy efficiency and ruggedness. The analyst predicted increasing demand as the company rolls out A15- and A16-based rigs over the next few years. Meanwhile, Cassidy believes Canaan’s shares are undervalued compared to its peer group, which he believes stems from profitability concerns and its perception as a commodity hardware supplier. Canaan has a Strong Sell rating from Seeking Alpha's Quant Rating system.

Total Net Revenues: RMB2.4 billion in the third quarter.JD NOW Net Revenues: RMB930 million in the third quarter.Dada NOW Net Revenues: Increased by 39% year on year to RMB1.5 billion in the third quarter.Non-GAAP Net Loss: RMB59 million in the third quarter.Non-GAAP Net Loss Margin: 2.4%, narrowing by 3.7 percentage points sequentially.Operations and Support Costs: RMB1.7 billion in the third quarter.Selling and Marketing Expenses: Decreased to RMB717 million.Number of Orders Delivered by Dada NOW: Increased by 36% year on year to 648 million.Gross Billings of Dada NOW: Grew by 33% year on year to RMB3.10 billion.Number of Operating Stores: Increased by over 70% year on year to more than 600,000 stores.GuruFocus has detected 4 Warning Signs with DADA.Dada NOW's net revenues increased by 39% year-on-year to RMB1.5 billion, driven by strengthened partnerships with chain merchants.

Crypto Stocks Rise Premarket on Bitcoin Strength