B. Riley Comments on Canaan's FY2027 Earnings (NASDAQ:CAN)

Key Points

• B. Riley issued a FY2027 EPS estimate of $0.04 for Canaan, maintaining a "Buy" rating on the stock, while the current consensus estimate for full-year earnings is (-$0.74) per share.
• Canaan's recent quarterly earnings reported ($0.03) EPS, exceeding expectations, with revenues of $13.95 million compared to a consensus of $13.29 million.
• Institutional ownership of Canaan is strong, with 70.14% of shares held by institutional investors, indicating confidence in the company's future performance.

Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) - Stock analysts at B. Riley issued their FY2027 EPS estimates for shares of Canaan in a research note issued on Wednesday, October 22nd. B. Riley analyst N. Giles expects that the company will earn $0.04 per share for the year. B. Riley has a "Buy" rating on the stock. The consensus estimate for Canaan's current full-year earnings is ($0.74) per share.

Canaan (NASDAQ:CAN - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.10. Canaan had a negative net margin of 77.01% and a negative return on equity of 92.49%. The business had revenue of $13.95 million for the quarter, compared to the consensus estimate of $13.29 million. Canaan has set its Q3 2025 guidance at EPS.

A number of other analysts have also recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Canaan in a research note on Wednesday, October 8th. Zacks Research raised shares of Canaan from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Northland Securities set a $1.75 price target on shares of Canaan in a research note on Friday, October 3rd. Wall Street Zen cut shares of Canaan from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Compass Point initiated coverage on shares of Canaan in a research note on Monday, September 15th. They set a "buy" rating for the company. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Canaan currently has a consensus rating of "Moderate Buy" and a consensus price target of $3.32.

Canaan Price Performance

NASDAQ CAN opened at $1.71 on Thursday. The business has a 50 day simple moving average of $1.00 and a 200 day simple moving average of $0.81. Canaan has a 52-week low of $0.53 and a 52-week high of $3.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.78. The stock has a market cap of $635.79 million, a price-to-earnings ratio of -1.89 and a beta of 3.49.

Institutional Investors Weigh In On Canaan

Several hedge funds have recently added to or reduced their stakes in CAN. GMT Capital Corp acquired a new stake in Canaan during the 1st quarter valued at $86,000. SBI Securities Co. Ltd. lifted its holdings in Canaan by 32.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 202,605 shares of the company's stock valued at $125,000 after purchasing an additional 49,206 shares during the last quarter. Virtu Financial LLC acquired a new stake in Canaan during the 1st quarter valued at $320,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Canaan during the 2nd quarter valued at $355,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Canaan by 52.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 587,451 shares of the company's stock valued at $516,000 after purchasing an additional 200,869 shares during the last quarter. Institutional investors and hedge funds own 70.14% of the company's stock.

About Canaan

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.

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