What is B. Riley's Forecast for Canaan Q1 Earnings?

Canaan Inc. (NASDAQ:CAN - Free Report) - Research analysts at B. Riley issued their Q1 2025 earnings per share estimates for shares of Canaan in a report released on Monday, April 28th. B. Riley analyst N. Giles anticipates that the company will post earnings per share of ($0.15) for the quarter. The consensus estimate for Canaan's current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Canaan's Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.00 EPS and FY2026 earnings at $0.15 EPS.

Several other analysts have also issued reports on CAN. HC Wainwright reissued a "buy" rating and set a $3.00 price target on shares of Canaan in a report on Thursday, March 27th. Rosenblatt Securities restated a "buy" rating and set a $8.00 target price on shares of Canaan in a research note on Friday, April 11th. Benchmark started coverage on shares of Canaan in a research report on Tuesday. They issued a "buy" rating and a $3.00 price target for the company. Finally, Compass Point began coverage on shares of Canaan in a research report on Tuesday, March 18th. They set a "buy" rating and a $2.50 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Canaan currently has a consensus rating of "Moderate Buy" and an average target price of $3.70.

Canaan Stock Performance

Shares of Canaan stock traded up $0.00 on Thursday, hitting $0.62. 22,688,636 shares of the company's stock were exchanged, compared to its average volume of 15,444,566. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.45 and a current ratio of 2.03. The stock has a market capitalization of $175.43 million, a PE ratio of -0.46 and a beta of 3.26. Canaan has a 1 year low of $0.53 and a 1 year high of $3.27. The company has a 50-day simple moving average of $0.90 and a 200-day simple moving average of $1.55.

Canaan (NASDAQ:CAN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $88.77 million during the quarter, compared to the consensus estimate of $88.50 million. Canaan had a negative return on equity of 60.37% and a negative net margin of 128.85%. During the same quarter last year, the company earned ($2.16) EPS.

Institutional Investors Weigh In On Canaan

Several large investors have recently made changes to their positions in CAN. SBI Securities Co. Ltd. increased its stake in Canaan by 280.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 153,399 shares of the company's stock worth $135,000 after acquiring an additional 113,049 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Canaan by 35.5% in the first quarter. Exchange Traded Concepts LLC now owns 1,855,479 shares of the company's stock worth $1,629,000 after purchasing an additional 486,139 shares during the last quarter. Wellington Management Group LLP bought a new stake in Canaan in the fourth quarter worth $48,000. Public Employees Retirement System of Ohio purchased a new stake in Canaan during the fourth quarter valued at $1,389,000. Finally, GTS Securities LLC lifted its position in Canaan by 137.7% during the fourth quarter. GTS Securities LLC now owns 67,648 shares of the company's stock valued at $139,000 after purchasing an additional 39,183 shares during the last quarter. 70.14% of the stock is owned by institutional investors.

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.