NASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis → Will this $2 AI stock double overnight? (From Behind the Markets) (Ad) Free CAN Stock Alerts $0.99 +0.04 (+4.20%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$0.92▼$1.0150-Day Range$0.75▼$2.3152-Week Range$0.75▼$3.50Volume11.22 million shsAverage Volume17.78 million shsMarket Capitalization$231.49 millionP/E RatioN/ADividend YieldN/APrice Target$4.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Canaan alerts: Email Address Canaan MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside328.7% Upside$4.25 Price TargetShort InterestBearish11.51% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.32Based on 12 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.1.99 out of 5 starsComputer And Technology Sector417th out of 588 stocksSemiconductors & Related Devices Industry59th out of 81 stocks 3.5 Analyst's Opinion Consensus RatingCanaan has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageCanaan has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted11.51% of the outstanding shares of Canaan have been sold short.Short Interest Ratio / Days to CoverCanaan has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently increased by 15.82%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCanaan does not currently pay a dividend.Dividend GrowthCanaan does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CAN. Previous Next 2.4 News and Social Media Coverage News SentimentCanaan has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Canaan this week, compared to 5 articles on an average week.Search InterestOnly 18 people have searched for CAN on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.MarketBeat Follows14 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canaan insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.29% of the stock of Canaan is held by insiders.Percentage Held by Institutions70.14% of the stock of Canaan is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Canaan is -0.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCanaan has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsWill this $2 AI stock double overnight?It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!Click here to learn more >>> 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.Read More CAN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CAN Stock News HeadlinesApril 24, 2024 | msn.comCO Scares Prompts New Canaan Fire To Remind Residents To Turn Off Vehicles In GarageApril 22, 2024 | msn.comBitcoin-Linked Canaan Stock Is Moving Higher Monday: What's Going On?April 25, 2024 | Behind the Markets (Ad)Will this $2 AI stock double overnight?It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!April 22, 2024 | prnewswire.comCanaan Announces Proposed Share Purchase by ManagementApril 19, 2024 | finanznachrichten.deCanaan Inc.: Canaan Makes Statement Regarding Shelf Registration SubmissionApril 19, 2024 | prnewswire.comCanaan Makes Statement Regarding Shelf Registration SubmissionApril 19, 2024 | finanznachrichten.deCanaan Inc.: Canaan Shines at Blockchain Life 2024 in DubaiApril 19, 2024 | americanbankingnews.comCanaan Target of Unusually Large Options Trading (NASDAQ:CAN)April 25, 2024 | Behind the Markets (Ad)Will this $2 AI stock double overnight?It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!April 18, 2024 | prnewswire.comCanaan Shines at Blockchain Life 2024 in DubaiApril 18, 2024 | benzinga.comBitcoin-Linked Canaan Stock Is Tumbling Thursday: What's Going On?April 18, 2024 | investorplace.comWhy Is Canaan (CAN) Stock Down 21% Today?April 17, 2024 | prnewswire.comCanaan Inc. Files 2023 Annual Report on Form 20-FApril 17, 2024 | bizjournals.comPeninsula VC adds more than $100 million, brings on former Pfizer exec as partnerApril 17, 2024 | nj.comNo. 8 Seton Hall Prep falls to New Canaan (CT) - Boys lacrosse recapApril 17, 2024 | finance.yahoo.comCanaan hires Pfizer executive, reels in $100M for biotech investingApril 17, 2024 | finance.yahoo.comCanaan Adds Accomplished Executive and Scientist, Uwe Schoenbeck, Ph.D., Along with New Capital, to Bolster its Biopharma Investment EffortsApril 13, 2024 | msn.comBartlesville pizza scene gets a sweet addition with Lollipops Woodfire and GroceryApril 13, 2024 | greenwichtime.comThe Dish: Zach Allen at New Canaan fundraiser; Memorial taking place for beloved Greenwich coachApril 11, 2024 | msn.comRichland County Baseball Scoreboard: Whippets win a walk-off, Plymouth and Lucas also winApril 10, 2024 | msn.comJudge to consider double jeopardy claim in Michelle Troconis case, denies acquittal and new trialApril 10, 2024 | msn.comGestalt: Steam & Cinder - Official Release Date Trailer | Triple-I Initiative ShowcaseApril 9, 2024 | msn.comBoys lacrosse rankings: A string of losses by top programs has already prompted a shakeupApril 9, 2024 | msn.com3 Escape New Canaan House FireApril 7, 2024 | msn.comMichelle Troconis, convicted of conspiracy in Jennifer Dulos murder, was "fooled" by boyfriend, says sisterApril 6, 2024 | msn.comThe evidence presented at Michelle Troconis' murder conspiracy trialApril 4, 2024 | msn.comPotent Nor'easter Knocks Out Power, Causes Flooding, Delayed School Starts, Road ClosuresSee More Headlines Receive CAN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canaan and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/27/2024Today4/25/2024Next Earnings (Estimated)5/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:CAN CUSIPN/A CIK1780652 Webcanaan-creative.com Phone86-010-6097-4080FaxN/AEmployees541Year Founded2013Price Target and Rating Average Stock Price Target$4.25 High Stock Price Target$5.50 Low Stock Price Target$3.00 Potential Upside/Downside+328.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($2.40) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-414,150,000.00 Net Margins-195.84% Pretax Margin-220.12% Return on Equity-80.13% Return on Assets-63.43% Debt Debt-to-Equity RatioN/A Current Ratio2.69 Quick Ratio1.64 Sales & Book Value Annual Sales$211.48 million Price / Sales1.09 Cash FlowN/A Price / Cash FlowN/A Book Value$1.49 per share Price / Book0.67Miscellaneous Outstanding Shares233,500,000Free Float232,823,000Market Cap$231.49 million OptionableOptionable Beta3.01 Social Links 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key ExecutivesMr. Nangeng Zhang (Age 41)Chairman & CEO Mr. James Jin Cheng (Age 45)Chief Financial Officer Mr. Clark S. SoucyInvestor Relations DirectorMs. Lu Meng (Age 41)Secretary of the Board Ms. Zhang XiInvestor Relations ManagerKey CompetitorsArterisNASDAQ:AIPValens SemiconductorNYSE:VLNMagnachip SemiconductorNYSE:MXQuickLogicNASDAQ:QUIKAtomeraNASDAQ:ATOMView All CompetitorsInstitutional OwnershipIMC Chicago LLCBought 41,600 shares on 4/13/2024Ownership: 0.000%Nomura Holdings Inc.Bought 1,190,557 shares on 3/27/2024Ownership: 0.545%Quadrature Capital LtdBought 66,302 shares on 3/25/2024Ownership: 0.028%Hel Ved Capital Management LtdBought 716,600 shares on 2/14/2024Ownership: 0.408%BRIGHT VALLEY CAPITAL LtdBought 425,000 shares on 2/14/2024Ownership: 0.242%View All Institutional Transactions 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 Wall Street analysts have issued 12-month price objectives for Canaan's stock. Their CAN share price targets range from $3.00 to $5.50. On average, they predict the company's stock price to reach $4.25 in the next twelve months. This suggests a possible upside of 328.7% 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 the year. Since then, CAN shares have decreased by 57.1% and is now trading at $0.9914. View the best growth stocks for 2024 here. Are investors shorting Canaan? Canaan saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 26,870,000 shares, an increase of 15.8% from the March 15th total of 23,200,000 shares. Based on an average daily trading volume, of 18,120,000 shares, the short-interest ratio is currently 1.5 days. View Canaan's Short Interest. 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) announced its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.35) EPS for the quarter, hitting the consensus estimate of ($0.35). The business had revenue of $49.07 million for the quarter, compared to analysts' expectations of $33.90 million. Canaan had a negative net margin of 195.84% and a negative trailing twelve-month return on equity of 80.13%. What ETFs hold Canaan's stock? ETFs with the largest weight of Canaan (NASDAQ:CAN) stock in their portfolio include VanEck Digital Assets Mining ETF (DAM), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Bitwise Crypto Industry Innovators ETF (BITQ), iShares Blockchain and Tech ETF (IBLC), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), Grayscale Future of Finance ETF (GFOF) and Global X Blockchain ETF (BKCH). What guidance has Canaan issued on next quarter's earnings? Canaan issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (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 (IPO) on Thursday, November 21st 2019. The company issued 10,000,000 shares at a price of $9.00-$11.00 per share. Citigroup, China Renaissance and CMBI acted 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 many different institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%). 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 4/25/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap ProfitsBitcoin Rockets To Record High But Buy THIS InsteadParadigm Presstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyUrgent Alert: Biden's IRS Targeting Your Money – Act Fast to Protect It!American AlternativeEmergency: Biden's $20 Trillion Mistake Could Cost YOU!GoldenCrest MetalsFed launches fourth dollar overhaulStansberry Research1970’s computer coder issues shocking A.I. warningTradeSmithExposed: 10 CENT Crypto to Explode April 20th?True Market Insiders Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canaan Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
