Canaan (LON:CAN) Shares Down 2.3% - Here's What Happened

Key Points

• Shares down 2.3% to GBX 231 on Friday with midday volume of 615,600 (an 88% drop from the average), and the stock trading below its 50‑day and 200‑day moving averages (GBX 242.89 and 253.41).
• Analyst update: Deutsche Bank trimmed its target from GBX 400 to GBX 350 but kept a "Buy" rating; MarketBeat's consensus remains Buy with an average target of GBX 350.
• Insider buying: Two insiders purchased a combined 70,700 shares around GBX 242–245 on March 11, while insiders currently hold 0.34% of the stock.

Canaan Inc (LON:CAN - Get Free Report)'s stock price traded down 2.3% on Friday . The stock traded as low as GBX 230.40 and last traded at GBX 231. 615,600 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 5,309,947 shares. The stock had previously closed at GBX 236.40.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Canaan from GBX 400 to GBX 350 and set a "buy" rating on the stock in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Canaan currently has a consensus rating of "Buy" and an average target price of GBX 350.

Canaan Stock Down 2.3%

The company's fifty day moving average is GBX 242.89 and its two-hundred day moving average is GBX 253.41. The stock has a market cap of £2.27 billion, a price-to-earnings ratio of -46.20 and a beta of 2.04.

Canaan (LON:CAN - Get Free Report) last issued its earnings results on Friday, February 20th. The company reported GBX 11.20 earnings per share for the quarter. Canaan had a negative net margin of 1.56% and a negative return on equity of 1.73%.

Insider Buying and Selling

In related news, insider Maxime Saada acquired 35,700 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of GBX 245 per share, with a total value of £87,465. Also, insider Amandine Ferré acquired 35,000 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were bought at an average cost of GBX 242 per share, for a total transaction of £84,700. 0.34% of the stock is currently owned by company insiders.

Canaan Company Profile

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. Following its acquisition of MultiChoice Group, a leading entertainment platform in Africa, the combined Group has 40 million subscribers, operates in over 70 countries and has approximately 17,000 employees. CANAL+ is one of the largest media companies in Europe, the market leader in Africa and has a globally recognised brand (Top 50 Most Valuable French Brands, globally. Source: Kantar BrandZ, 2025). CANAL+ operates across the entire audio-visual value chain, including production, broadcast, distribution and aggregation.

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