Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) - Northland Capmk issued their Q2 2025 earnings per share estimates for Canaan in a report released on Wednesday, June 18th. Northland Capmk analyst M. Grondahl forecasts that the company will post earnings of ($0.15) per share for the quarter. Northland Capmk currently has a "Hold" rating on the stock. The consensus estimate for Canaan's current full-year earnings is ($0.74) per share. Northland Capmk also issued estimates for Canaan's Q3 2025 earnings at ($0.15) EPS, Q4 2025 earnings at ($0.15) EPS and FY2025 earnings at ($0.75) EPS.
Canaan (NASDAQ:CAN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported ($2.17) EPS for the quarter, missing analysts' consensus estimates of ($0.88) by ($1.29). Canaan had a negative return on equity of 98.53% and a negative net margin of 93.62%. The business had revenue of $88.77 million for the quarter, compared to analyst estimates of $88.50 million. During the same quarter last year, the firm earned ($2.16) earnings per share.
A number of other research firms have also recently issued reports on CAN. Wall Street Zen cut Canaan from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Northland Securities assumed coverage on Canaan in a research report on Wednesday, June 18th. They set a "market perform" rating and a $1.50 price objective on the stock. Benchmark lowered their price objective on Canaan from $3.00 to $2.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Compass Point assumed coverage on Canaan in a research report on Tuesday, March 18th. They set a "buy" rating and a $2.50 price objective on the stock. Finally, Rosenblatt Securities restated a "buy" rating and set a $5.00 price objective on shares of Canaan in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $2.67.
Read Our Latest Stock Report on Canaan
Canaan Stock Performance
Shares of CAN stock traded down $0.00 during trading hours on Monday, reaching $0.61. 16,143,360 shares of the company's stock were exchanged, compared to its average volume of 15,868,388. Canaan has a fifty-two week low of $0.53 and a fifty-two week high of $3.27. The stock has a market capitalization of $226.80 million, a P/E ratio of -0.60 and a beta of 3.32. The business has a fifty day moving average price of $0.69 and a 200-day moving average price of $1.30. The company has a quick ratio of 1.11, a current ratio of 1.50 and a debt-to-equity ratio of 0.09.
Canaan announced that its Board of Directors has approved a stock buyback plan 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 plans are often an indication that the company's board of directors believes its shares are undervalued.
Institutional Trading of Canaan
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Canaan by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 8,760,909 shares of the company's stock valued at $17,960,000 after buying an additional 223,241 shares in the last quarter. Invesco Ltd. boosted its stake in Canaan by 5,016.8% in the 1st quarter. Invesco Ltd. now owns 7,235,144 shares of the company's stock valued at $6,351,000 after buying an additional 7,093,743 shares in the last quarter. Tidal Investments LLC acquired a new stake in Canaan in the 4th quarter valued at $9,584,000. Vident Advisory LLC boosted its stake in Canaan by 2,306.4% in the 4th quarter. Vident Advisory LLC now owns 4,311,718 shares of the company's stock valued at $8,839,000 after buying an additional 4,132,539 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Canaan by 15.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,941,515 shares of the company's stock valued at $3,460,000 after buying an additional 525,772 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company's stock.
About Canaan
(
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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.
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