B. Riley Has Optimistic Outlook of Canaan FY2025 Earnings

Key Points

• Analysts at B. Riley have increased their FY2025 earnings per share estimate for Canaan Inc. to ($0.36), improving from a previous estimate of ($0.40), and have given the stock a "Buy" rating.
• Other analysts, including Rosenblatt Securities and BTIG Research, have also maintained or issued "buy" ratings with price targets ranging from $4.00 to $8.00 per share, indicating a generally positive market outlook.
• Canaan's recent quarterly earnings surpassed expectations, reporting ($0.03) EPS, which was better than the consensus estimate of ($0.13), contributing to a market capitalization of approximately $656.30 million.

Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) - Analysts at B. Riley boosted their FY2025 earnings per share estimates for shares of Canaan in a research report issued to clients and investors on Wednesday, October 22nd. B. Riley analyst N. Giles now forecasts that the company will post earnings per share of ($0.36) for the year, up from their previous estimate of ($0.40). B. Riley has a "Buy" rating 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 Q4 2025 earnings at ($0.03) EPS and FY2026 earnings at $0.07 EPS.

Several other analysts also recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and issued a $4.00 price target on shares of Canaan in a research note on Monday, October 13th. BTIG Research reissued a "buy" rating and issued a $8.00 price target on shares of Canaan in a research note on Tuesday, October 14th. Zacks Research raised 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 Canaan in a research note on Friday, October 3rd. Finally, Compass Point assumed coverage on Canaan in a research note on Monday, September 15th. They issued a "buy" rating on the stock. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3.61.

Canaan Stock Performance

CAN opened at $1.76 on Friday. The business's 50-day moving average price is $1.02 and its two-hundred day moving average price is $0.82. Canaan has a 1 year low of $0.53 and a 1 year high of $3.27. The company has a market capitalization of $656.30 million, a price-to-earnings ratio of -1.96 and a beta of 3.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.32.

Canaan (NASDAQ:CAN - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.10. Canaan had a negative return on equity of 92.49% and a negative net margin of 77.01%.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.

Institutional Trading of Canaan

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Canaan by 15.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,941,515 shares of the company's stock worth $3,460,000 after acquiring an additional 525,772 shares in the last quarter. Invesco Ltd. increased its position in Canaan by 5,016.8% during the first 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. SBI Securities Co. Ltd. increased its position in Canaan by 280.2% during the first quarter. SBI Securities Co. Ltd. now owns 153,399 shares of the company's stock worth $135,000 after buying an additional 113,049 shares during the last quarter. GMT Capital Corp acquired a new position in Canaan during the first quarter worth approximately $86,000. Finally, Virtu Financial LLC acquired a new position in Canaan during the first quarter worth approximately $320,000. 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.

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