Canaan (NASDAQ:CAN - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.12), Zacks reports. Canaan had a negative return on equity of 60.37% and a negative net margin of 128.85%. Canaan updated its Q2 2025 guidance to EPS.
Canaan Price Performance
CAN opened at $0.82 on Tuesday. Canaan has a 12-month low of $0.53 and a 12-month high of $3.27. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $230.90 million, a P/E ratio of -0.61 and a beta of 3.26. The stock has a fifty day moving average of $0.81 and a 200-day moving average of $1.52.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Canaan stock. Goldman Sachs Group Inc. lifted its position in Canaan Inc. (NASDAQ:CAN - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 587,451 shares of the company's stock after buying an additional 200,869 shares during the quarter. Goldman Sachs Group Inc. owned about 0.21% of Canaan worth $516,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 70.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on CAN. Benchmark started coverage on shares of Canaan in a report on Tuesday, May 6th. They issued a "buy" rating and a $3.00 price objective for the company. HC Wainwright restated a "buy" rating and set a $3.00 price objective on shares of Canaan in a research note on Thursday, March 27th. Rosenblatt Securities reiterated a "buy" rating and set a $8.00 price target on shares of Canaan in a research report on Thursday, May 15th. Finally, Compass Point began coverage on shares of Canaan in a report on Tuesday, March 18th. They issued a "buy" rating and a $2.50 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Canaan currently has an average rating of "Moderate Buy" and an average target price of $3.70.
Check Out Our Latest Report on Canaan
Canaan Company Profile
(
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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.
Further Reading
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