NASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis $0.82 -0.08 (-8.66%) Closing price 04/3/2025 04:00 PM EasternExtended Trading$0.76 -0.06 (-7.45%) As of 07:16 AM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Canaan Stock (NASDAQ:CAN) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Canaan alerts:Sign Up Key Stats Today's Range$0.80▼$0.8650-Day Range$0.82▼$2.2352-Week Range$0.72▼$3.27Volume12.88 million shsAverage Volume11.41 million shsMarket Capitalization$230.93 millionP/E RatioN/ADividend YieldN/APrice Target$3.88Consensus RatingModerate Buy Company OverviewCanaan 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. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.Read More… Remove Ads Canaan Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks60th Percentile Overall ScoreCAN MarketRank™: Canaan scored higher than 60% of companies evaluated by MarketBeat, and ranked 348th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.4 / 5Analyst RatingModerate Buy Consensus RatingCanaan has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageCanaan has only been the subject of 3 research reports in the past 90 days.Read more about Canaan's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Canaan are expected to grow in the coming year, from ($0.74) to $0.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Canaan is -0.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCanaan has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Canaan's valuation and earnings. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted5.77% of the float of Canaan has been sold short.Short Interest Ratio / Days to CoverCanaan has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently decreased by 8.06%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldCanaan does not currently pay a dividend.Dividend GrowthCanaan does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted5.77% of the float of Canaan has been sold short.Short Interest Ratio / Days to CoverCanaan has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently decreased by 8.06%, indicating that investor sentiment is improving significantly. News and Social Media2.4 / 5News Sentiment0.40 News SentimentCanaan has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 27 news articles for Canaan this week, compared to 8 articles on an average week.Search InterestOnly 9 people have searched for CAN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows9 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Canaan insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.29% of the stock of Canaan is held by insiders.Percentage Held by Institutions70.14% of the stock of Canaan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Canaan's insider trading history. Receive CAN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canaan and its competitors with MarketBeat's FREE daily newsletter. Email Address CAN Stock News HeadlinesNew Canaan Color Drop rains golf balls, "Dream State" author at library luncheon and other newsApril 3 at 3:40 PM | msn.comLittle girl discovers 3,800-year-old amulet with ties to Biblical people during family tripApril 3 at 12:57 AM | msn.comTrump Orders 'National Digital Asset Stockpile'‘Digital Asset Reserve’ for THIS Coin??? Get all the details before this story gains even more tractionApril 4, 2025 | Crypto 101 Media (Ad)Police investigating attempted car wash break-in in North CanaanApril 2 at 2:57 PM | msn.comLionel Richie jumps out of his chair after platinum-worthy audition from “American Idol” teen: 'So spectacular'March 31, 2025 | yahoo.comWatch the 17-Year-Old Final 'American Idol' 2025 Platinum Ticket Winner That Has Lionel Richie Out of His ChairMarch 31, 2025 | msn.comThis 17-year-old aspiring preacher praised God on ‘American Idol’ — and left the judges ‘speechless’March 31, 2025 | msn.comThis 'powerful' audition had Lionel Richie leaping from his chair on 'American Idol'March 31, 2025 | abcnews.go.comSee More Headlines CAN Stock Analysis - Frequently Asked Questions How have CAN shares performed this year? Canaan's stock was trading at $2.05 at the beginning of the year. Since then, CAN shares have decreased by 60.0% and is now trading at $0.8201. View the best growth stocks for 2025 here. How were Canaan's earnings last quarter? Canaan Inc. (NASDAQ:CAN) released its earnings results on Wednesday, March, 26th. The company reported ($2.17) earnings per share for the quarter, missing the consensus estimate of ($0.88) by $1.29. The company earned $88.77 million during the quarter, compared to analyst estimates of $88.50 million. Canaan had a negative net margin of 128.85% and a negative trailing twelve-month return on equity of 60.37%. Does Canaan have any subsidiaries? The following companies are subsidiaries of Canaan: Proof of Existence, Canaan Bright Sight Co. Ltd., Canaan Convey Co. Ltd., Canaan Creative Co. Ltd., Canaan Creative (HK) Holdings Limited, Canaan Creative International PTE. Ltd., Canaan Creative (SH) Co. Ltd., and more. When did Canaan IPO? Canaan (CAN) raised $100 million in an initial public offering (IPO) on Thursday, November 21st 2019. The company issued 10,000,000 shares at $9.00-$11.00 per share. Citigroup, China Renaissance and CMBI acted as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers. How do I buy shares of Canaan? Shares of CAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Canaan own? Based on aggregate information from My MarketBeat watchlists, some other companies that Canaan investors own include Zomedica (ZOM), NVIDIA (NVDA), Meta Platforms (META), PayPal (PYPL), Advanced Micro Devices (AMD) and NIO (NIO). Company Calendar Last Earnings3/26/2025Today4/03/2025Next Earnings (Estimated)5/16/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNASDAQ:CAN CIK1780652 Webcanaan-creative.com Phone86-010-6097-4080FaxN/AEmployees350Year Founded2013Price Target and Rating Average Stock Price Target$3.88 High Stock Price Target$8.00 Low Stock Price Target$2.00 Potential Upside/Downside+372.5%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.91) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-414,150,000.00 Net Margins-128.85% Pretax Margin-142.31% Return on Equity-60.37% Return on Assets-42.71% Debt Debt-to-Equity Ratio0.08 Current Ratio2.03 Quick Ratio1.45 Sales & Book Value Annual Sales$269.32 million Price / Sales0.86 Cash FlowN/A Price / Cash FlowN/A Book Value$1.49 per share Price / Book0.55Miscellaneous Outstanding Shares281,582,000Free Float280,765,000Market Cap$230.93 million OptionableOptionable Beta3.39 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for April 2025. 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