What is B. Riley’s Forecast for Canaan Q2 Earnings?

Canaan Inc. Sponsored ADR (NASDAQ:CAN) – Equities research analysts at B. Riley issued their Q2 2025 earnings per share (EPS) estimates for Canaan in a research note issued to investors on Wednesday, July 9th. B. Riley analyst N. Giles expects that the company will post earnings of ($0.08) per share for the quarter. B. Riley currently has a “Buy” rating and a $2.00 price target on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Canaan’s Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.40) EPS and FY2026 earnings at $0.06 EPS.

Several other research firms have also recently commented on CAN. Northland Securities assumed coverage on Canaan in a research report on Wednesday, June 18th. They set a “market perform” rating and a $1.50 target price for the company. Wall Street Zen cut Canaan from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. Benchmark cut their price objective on Canaan from $3.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. Northland Capmk upgraded Canaan to a “hold” rating in a report on Wednesday, June 18th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $5.00 target price on shares of Canaan in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.67.

Canaan Stock Performance

NASDAQ:CAN opened at $0.72 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.11 and a current ratio of 1.50. Canaan has a 52-week low of $0.53 and a 52-week high of $3.27. The firm has a market cap of $268.64 million, a price-to-earnings ratio of -0.71 and a beta of 3.29. The business’s fifty day moving average is $0.67 and its 200 day moving average is $1.15.

Canaan announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 27th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CAN. Invesco Ltd. grew its stake in shares of Canaan by 5,016.8% in the 1st quarter. Invesco Ltd. now owns 7,235,144 shares of the company’s stock worth $6,351,000 after buying an additional 7,093,743 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Canaan in the 4th quarter worth approximately $9,584,000. Vident Advisory LLC grew its stake in shares of Canaan by 2,306.4% in the 4th quarter. Vident Advisory LLC now owns 4,311,718 shares of the company’s stock worth $8,839,000 after buying an additional 4,132,539 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Canaan in the 4th quarter worth approximately $5,343,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Canaan in the 4th quarter worth approximately $3,689,000. Institutional investors own 70.14% of the company’s stock.

Canaan Company Profile

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.