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AMC   3.72 (-14.29%)
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NASDAQ:CAN

Canaan (CAN) Stock Price, News & Analysis

$1.51
+0.09 (+6.57%)
(As of 03:40 PM ET)
Today's Range
$1.41
$1.63
50-Day Range
$1.20
$2.31
52-Week Range
$1.13
$3.50
Volume
17.61 million shs
Average Volume
20.00 million shs
Market Capitalization
$353.36 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.25

Canaan MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
176.8% Upside
$4.25 Price Target
Short Interest
Healthy
9.94% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of Canaan in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.90 out of 5 stars

Computer And Technology Sector

368th out of 587 stocks

Semiconductors & Related Devices Industry

58th out of 92 stocks

CAN stock logo

About Canaan Stock (NASDAQ:CAN)

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.

CAN Stock Price History

CAN Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Canaan Inc. (NASDAQ:CAN) Q4 2023 Earnings Call Transcript
Earnings Outlook For Canaan
Canaan Q4 2023 Earnings Preview
Here's what to expect from Canaan A's earnings
See More Headlines
Receive CAN Stock News and Ratings via Email

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Company Calendar

Last Earnings
2/27/2024
Today
3/28/2024
Next Earnings (Estimated)
5/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CAN
Fax
N/A
Employees
541
Year Founded
2013

Price Target and Rating

Average Stock Price Target
$4.25
High Stock Price Target
$5.50
Low Stock Price Target
$3.00
Potential Upside/Downside
+179.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-414,150,000.00
Net Margins
-195.84%
Pretax Margin
-220.12%

Debt

Sales & Book Value

Annual Sales
$211.48 million
Cash Flow
$0.78 per share
Book Value
$1.49 per share

Miscellaneous

Free Float
232,823,000
Market Cap
$354.99 million
Optionable
Optionable
Beta
3.02

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CAN Stock Analysis - Frequently Asked Questions

Should I buy or sell Canaan stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CAN shares.
View CAN analyst ratings
or view top-rated stocks.

What is Canaan's stock price target for 2024?

2 brokers have issued 12 month target prices for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they anticipate the company's share price to reach $4.25 in the next twelve months. This suggests a possible upside of 176.8% from the stock's current price.
View analysts price targets for CAN
or view top-rated stocks among Wall Street analysts.

How have CAN shares performed in 2024?

Canaan's stock was trading at $2.31 at the beginning of 2024. Since then, CAN shares have decreased by 33.5% and is now trading at $1.5355.
View the best growth stocks for 2024 here
.

When is Canaan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 24th 2024.
View our CAN earnings forecast
.

How were Canaan's earnings last quarter?

Canaan Inc. (NASDAQ:CAN) released its earnings results on Tuesday, February, 27th. The company reported ($0.35) EPS for the quarter, meeting the consensus estimate of ($0.35). The firm earned $49.07 million during the quarter, compared to the consensus estimate of $33.90 million. Canaan had a negative trailing twelve-month return on equity of 80.13% and a negative net margin of 195.84%.

What guidance has Canaan issued on next quarter's earnings?

Canaan updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $33.0 million-$33.0 million, compared to the consensus revenue estimate of $43.1 million.

When did Canaan IPO?

Canaan (CAN) raised $100 million in an initial public offering on Thursday, November 21st 2019. The company issued 10,000,000 shares at $9.00-$11.00 per share. Citigroup, China Renaissance and CMBI served as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers.

Who are Canaan's major shareholders?

Canaan's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.28%), Vanguard Group Inc. (2.47%), Van ECK Associates Corp (2.59%), SG Americas Securities LLC (2.29%), Exchange Traded Concepts LLC (1.28%) and Mirae Asset Global Investments Co. Ltd. (1.01%).

How do I buy shares of Canaan?

Shares of CAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Canaan have any subsidiaries?
The following companies are subsidiares of Canaan: Canaan Bright Sight Co. Ltd., Canaan Convey Co. Ltd., Canaan Creative (HK) Holdings Limited, Canaan Creative (SH) Co. Ltd., Canaan Creative Co. Ltd., Canaan Creative International PTE. Ltd., Hangzhou Canaan Chuangxin Technology Co. Ltd., Hangzhou Canaan Intelligence Information Technology Co. Ltd., Langfang Creative Technology Co. Ltd., Proof of Existence, and Zhejiang Avalon Technology Co. Ltd..
Read More
This page (NASDAQ:CAN) was last updated on 3/28/2024 by MarketBeat.com Staff

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