Q2 Earnings Forecast for Canaan Issued By Northland Capmk

Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) - Stock analysts at Northland Capmk issued their Q2 2025 earnings estimates for Canaan in a research report issued 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 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.

CAN has been the subject of a number of other reports. Compass Point initiated coverage on shares of Canaan in a research report on Tuesday, March 18th. They set a "buy" rating and a $2.50 target price for the company. Rosenblatt Securities restated a "buy" rating and set a $5.00 target price on shares of Canaan in a research report on Monday, June 16th. Wall Street Zen downgraded shares of Canaan from a "hold" rating to a "sell" rating in a research report on Saturday. Benchmark decreased their price objective on shares of Canaan from $3.00 to $2.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Finally, Northland Securities initiated coverage on shares of Canaan in a research report on Wednesday, June 18th. They issued a "market perform" rating and a $1.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.67.

Canaan Trading Down 2.9%

NASDAQ CAN opened at $0.61 on Monday. The company has a market capitalization of $226.95 million, a PE ratio of -0.60 and a beta of 3.32. The company has a fifty day moving average of $0.70 and a 200 day moving average of $1.34. Canaan has a 1 year low of $0.53 and a 1 year high of $3.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.50 and a quick ratio of 1.11.

Canaan (NASDAQ:CAN - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported ($2.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.88) by ($1.29). The business had revenue of $88.77 million for the quarter, compared to analyst estimates of $88.50 million. Canaan had a negative net margin of 93.62% and a negative return on equity of 98.53%. During the same quarter in the prior year, the firm earned ($2.16) earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Canaan during the 4th quarter worth about $32,000. Raymond James Financial Inc. acquired a new position in shares of Canaan during the 4th quarter worth about $33,000. Wellington Management Group LLP acquired a new position in shares of Canaan during the 4th quarter worth about $48,000. Chesapeake Capital Corp IL acquired a new position in shares of Canaan during the 4th quarter worth about $79,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Canaan during the 4th quarter worth about $83,000. Institutional investors and hedge funds own 70.14% of the company's stock.

Canaan declared that its board has authorized a stock repurchase program on Tuesday, May 27th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Canaan Company Profile

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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