Canaan (CAN) to Release Quarterly Earnings on Thursday

Key Points

• Canaan Inc. is set to release its Q2 2025 earnings data on Thursday, August 14th, with projections of a loss of $0.13 per share and revenue of $13.29 million.
• The company's stock has recently experienced a price fluctuation, with a year low of $0.53 and a high of $3.27, currently trading around $0.73.
• Goldman Sachs increased its stake in Canaan by 52% in the first quarter, reflecting growing interest from institutional investors, who own approximately 70.14% of the stock.

Canaan (NASDAQ:CAN - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, August 14th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $13.29 million for the quarter. Canaan has set its Q3 2025 guidance at EPS.

Canaan (NASDAQ:CAN - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.10. Canaan had a negative net margin of 93.62% and a negative return on equity of 98.53%. On average, analysts expect Canaan to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Canaan Stock Performance

CAN stock traded down $0.06 during mid-day trading on Thursday, hitting $0.75. The company had a trading volume of 42,949,148 shares, compared to its average volume of 27,110,406. The firm has a market cap of $281.16 million, a PE ratio of -0.74 and a beta of 3.25. 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 12 month low of $0.53 and a 12 month high of $3.27. The stock's fifty day moving average price is $0.71 and its two-hundred day moving average price is $0.95.

Canaan announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 27th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Canaan

A hedge fund recently raised its stake in Canaan stock. Goldman Sachs Group Inc. increased its holdings in Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) by 52.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 587,451 shares of the company's stock after purchasing an additional 200,869 shares during the period. Goldman Sachs Group Inc. owned approximately 0.21% of Canaan worth $516,000 as of its most recent SEC filing. 70.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. B. Riley lowered their price objective on shares of Canaan from $3.00 to $2.00 and set a "buy" rating on the stock in a research report on Thursday, July 10th. Northland Capmk raised shares of Canaan to a "hold" rating in a research report on Wednesday, June 18th. Wall Street Zen lowered shares of Canaan from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Benchmark lowered their price target on shares of Canaan from $3.00 to $2.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $5.00 price target on shares of Canaan in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $2.67.

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.