FY2026 Earnings Estimate for Canaan Issued By HC Wainwright

Canaan Inc. Sponsored ADR (NASDAQ:CAN) – Research analysts at HC Wainwright issued their FY2026 earnings per share estimates for Canaan in a research report issued on Wednesday, February 11th. HC Wainwright analyst K. Dede anticipates that the company will earn ($0.15) per share for the year. HC Wainwright currently has a “Buy” rating and a $1.50 target price on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share.

Canaan (NASDAQ:CAN) last announced its quarterly earnings data on Tuesday, February 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.07). Canaan had a negative net margin of 39.69% and a negative return on equity of 60.70%. The company had revenue of $196.27 million during the quarter, compared to analysts’ expectations of $25.30 million.

Several other research analysts have also recently issued reports on CAN. BTIG Research reaffirmed a “buy” rating and set a $3.00 price objective on shares of Canaan in a research report on Wednesday. Rosenblatt Securities decreased their target price on Canaan from $4.00 to $2.50 and set a “buy” rating for the company in a research note on Monday, February 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Canaan in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Canaan from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Finally, Benchmark reduced their price objective on shares of Canaan from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Canaan has a consensus rating of “Moderate Buy” and an average target price of $2.25.

Canaan Stock Down 2.1%

Shares of NASDAQ:CAN opened at $0.49 on Friday. Canaan has a fifty-two week low of $0.47 and a fifty-two week high of $2.22. The firm’s 50 day moving average price is $0.74 and its 200 day moving average price is $0.92. The company has a quick ratio of 1.13, a current ratio of 3.31 and a debt-to-equity ratio of 0.06. The stock has a market cap of $182.72 million, a price-to-earnings ratio of -1.02 and a beta of 2.85.

Institutional Trading of Canaan

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAN. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Canaan during the second quarter worth $355,000. SBI Securities Co. Ltd. increased its stake in Canaan by 228.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 664,845 shares of the company’s stock valued at $586,000 after buying an additional 462,240 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Canaan by 52.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 587,451 shares of the company’s stock worth $516,000 after buying an additional 200,869 shares during the last quarter. 70.14% of the stock is owned by hedge funds and other institutional investors.

Canaan announced that its Board of Directors has approved a share buyback plan on Wednesday, December 17th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Canaan Company Profile

Canaan Inc is a China-based technology company specializing in the design and manufacture of high-performance computing hardware for the digital currency and blockchain industry. The company’s core business revolves around application-specific integrated circuit (ASIC) miners, which are purpose-built machines optimized for cryptocurrency mining. By focusing on energy efficiency and processing power, Canaan’s mining rigs aim to deliver competitive hash rates while managing power consumption in large-scale operations.

The flagship product line, known as AvalonMiner, encompasses a range of models tailored to different scales of mining activity, from small-scale hobbyist setups to industrial farms.