NASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis → How to Make 100X on the AI Boom (From InvestorPlace) (Ad) Free CAN Stock Alerts $0.92 -0.04 (-4.18%) (As of 05/13/2024 ET) Add Compare Share Share Today's Range$0.90▼$0.9650-Day Range$0.75▼$1.6052-Week Range$0.75▼$3.50Volume5.88 million shsAverage Volume16.55 million shsMarket Capitalization$213.86 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/Downside364.0% Upside$4.25 Price TargetShort InterestBearish11.39% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.40Based on 14 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.2.03 out of 5 starsComputer And Technology Sector1297th out of 1,797 stocksSemiconductors & Related Devices Industry205th out of 267 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.Read more about Canaan's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted11.39% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently increased by 4.69%, indicating that investor sentiment is decreasing. 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 0.40. 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 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Canaan this week, compared to 6 articles on an average week.Search InterestOnly 10 people have searched for CAN on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.MarketBeat Follows11 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is an increase of 57% 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.Read more about Canaan's insider trading history. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.38, 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 -0.38, 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 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Canaan's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceHow to Make 100X on the AI BoomFor over four decades, Louis Navellier has found the very best tech stocks... Before the rest of the market.Click for his six specific AI stock in the crosshairs 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 HeadlinesMay 13 at 4:22 PM | finance.yahoo.com15 Biggest Publicly Traded Bitcoin CompaniesMay 10, 2024 | msn.comRippy rescued: Missing dog saved after falling off North Canaan cliffMay 10, 2024 | prnewswire.comCanaan Inc. to Report First Quarter 2024 Financial Results on May 17, 2024May 9, 2024 | msn.comCanaan unveils new bitcoin-mining machine in Hong Kong as old equipment becomes less profitable after ‘halving’ eventMay 9, 2024 | msn.comDog rescued from 50 foot fall into quarry in North CanaanMay 9, 2024 | prnewswire.comCanaan Unveils the New Avalon A1566 Mining Machines at Bitcoin AsiaMay 9, 2024 | finanznachrichten.deCanaan Inc.: Canaan debuts Avalon A15 New Product SeriesMay 9, 2024 | prnewswire.comCanaan debuts Avalon A15 New Product SeriesMay 8, 2024 | msn.comDog rescued from 50 foot fall into quarry in New CanaanMay 8, 2024 | msn.com‘Ruff' rescue: Dog saved after falling off cliff at North Canaan quarryMay 7, 2024 | msn.comNyberg: Photographer's New Canaan gallery embraces black and whiteMay 3, 2024 | msn.comTractor-trailer was stuck under Metro-North overpass in New CanaanMay 2, 2024 | msn.comTractor-trailer stuck under Metro-North overpass in New CanaanApril 28, 2024 | sfgate.comNo. 1 New Canaan rebounds, defeats No. 3 Darien with faceoff boost from JT O'Neil,April 25, 2024 | sfgate.comCT Girls Lacrosse Coaches Poll (April 23): No. 1 Darien, No. 2 New Canaan clash ThursdayApril 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 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 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-FSee 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 Earnings2/27/2024Today5/13/2024Next Earnings (Confirmed)5/17/2024Fiscal 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+364.0%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 / Sales1.01 Cash FlowN/A Price / Cash FlowN/A Book Value$1.49 per share Price / Book0.61Miscellaneous Outstanding Shares233,500,000Free Float232,823,000Market Cap$213.86 million OptionableOptionable Beta3.11 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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 CompetitorsMagnachip SemiconductorNYSE:MXQuickLogicNASDAQ:QUIKAXTNASDAQ:AXTIValens SemiconductorNYSE:VLNAtomeraNASDAQ:ATOMView All CompetitorsInstitutional OwnershipVanguard Group Inc.Sold 474,191 shares on 5/10/2024Ownership: 2.262%Headlands Technologies LLCBought 190,612 shares on 5/8/2024Ownership: 0.082%SG Americas Securities LLCBought 1,354,333 shares on 5/7/2024Ownership: 2.306%Susquehanna Fundamental Investments LLCBought 97,986 shares on 5/7/2024Ownership: 0.042%IvyRock Asset Management HK LtdBought 48,000 shares on 5/7/2024Ownership: 0.021%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 analysts have issued 1-year price targets for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they expect the company's share price to reach $4.25 in the next year. This suggests a possible upside of 364.0% 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 on January 1st, 2024. Since then, CAN shares have decreased by 60.4% and is now trading at $0.9159. 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 17th 2024. View our CAN earnings forecast. How can I listen to Canaan's earnings call? Canaan will be holding an earnings conference call on Friday, May 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Canaan's earnings last quarter? Canaan Inc. (NASDAQ:CAN) released its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.35) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.35). The business earned $49.07 million during 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), Grayscale Future of Finance ETF (GFOF), Bitwise Crypto Industry Innovators ETF (BITQ), iShares Blockchain and Tech ETF (IBLC), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). 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 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 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 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 variety of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (2.69%), SG Americas Securities LLC (2.31%), Vanguard Group Inc. (2.26%), Mirae Asset Global Investments Co. Ltd. (0.41%), IMC Chicago LLC (0.00%) and Simplex Trading 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 5/14/2024 by MarketBeat.com Staff From Our PartnersGuard Against the Coming Financial UpheavalPorter & CompanyElon’s New Device is About to Shock the WorldInvestorPlaceConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaThe only AI company you should be looking atBehind the MarketsCharles Payne Demystifies OptionsUnstoppable ProsperityForget Bitcoin. 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