Research Analysts Offer Predictions for Canaan Q2 Earnings

Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) - Equities research analysts at B. Riley issued their Q2 2025 earnings per share estimates for shares of Canaan in a note issued to investors on Wednesday, July 9th. B. Riley analyst N. Giles expects that the company will earn ($0.08) per share for the quarter. B. Riley currently has a "Buy" rating and a $2.00 target price on the stock. The consensus estimate for Canaan's current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Canaan's Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.40) EPS and FY2026 earnings at $0.06 EPS.

A number of other research firms also recently commented on CAN. Benchmark decreased their price objective on shares of Canaan from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Northland Securities began coverage on Canaan in a research note on Wednesday, June 18th. They set a "market perform" rating and a $1.50 price target on the stock. Compass Point started coverage on Canaan in a report on Tuesday, March 18th. They issued a "buy" rating and a $2.50 price target on the stock. Northland Capmk raised Canaan to a "hold" rating in a research note on Wednesday, June 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $5.00 target price on shares of Canaan in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $2.67.

Canaan Stock Performance

Shares of NASDAQ CAN traded up $0.00 during trading on Friday, hitting $0.72. 38,485,618 shares of the company were exchanged, compared to its average volume of 16,861,692. 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 has a 1 year low of $0.53 and a 1 year high of $3.27. The firm's fifty day moving average price is $0.67 and its 200 day moving average price is $1.16.

Institutional Investors Weigh In On Canaan

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. purchased a new stake in shares of Canaan during the fourth quarter valued at approximately $598,000. Raymond James Financial Inc. purchased a new position in Canaan in the 4th quarter valued at about $33,000. Chesapeake Capital Corp IL purchased a new stake in shares of Canaan during the fourth quarter worth about $79,000. Sei Investments Co. acquired a new position in shares of Canaan in the fourth quarter worth about $751,000. Finally, Vanguard Group Inc. lifted its stake in shares of Canaan by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 8,760,909 shares of the company's stock worth $17,960,000 after acquiring an additional 223,241 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company's stock.

Canaan announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

About Canaan

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.