Canaan (CAN) Set to Announce Earnings on Thursday

Canaan (NASDAQ:CANGet Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, May 19th. Analysts expect Canaan to post earnings of $0.40 per share for the quarter. Canaan has set its Q1 2022 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Canaan (NASDAQ:CANGet Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $1.05 earnings per share for the quarter. Canaan had a return on equity of 86.99% and a net margin of 38.44%. The company had revenue of $342.80 million for the quarter. On average, analysts expect Canaan to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ CAN opened at $2.86 on Thursday. The business’s 50 day moving average is $4.68 and its two-hundred day moving average is $5.72. Canaan has a 1-year low of $2.84 and a 1-year high of $11.50. The stock has a market capitalization of $452.30 million, a P/E ratio of 1.68 and a beta of 3.95.

Separately, DA Davidson started coverage on Canaan in a research report on Tuesday, April 5th. They set a “buy” rating and a $15.00 target price for the company.

Large investors have recently made changes to their positions in the business. UBS Group AG boosted its position in shares of Canaan by 130.1% during the third quarter. UBS Group AG now owns 6,565 shares of the company’s stock valued at $41,000 after buying an additional 28,387 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Canaan during the first quarter valued at approximately $55,000. Vident Investment Advisory LLC purchased a new position in shares of Canaan during the fourth quarter valued at approximately $56,000. Sei Investments Co. purchased a new position in shares of Canaan during the fourth quarter valued at approximately $68,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Canaan by 66.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 19,108 shares of the company’s stock valued at $98,000 after purchasing an additional 7,608 shares during the period. Institutional investors and hedge funds own 13.77% of the company’s stock.

Canaan Company Profile (Get Rating)

Canaan Inc engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products.

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Earnings History for Canaan (NASDAQ:CAN)

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