Trending NewsTrending NewsNASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis $0.44 +0.02 (+4.56%) Closing price 04:00 PM EasternExtended Trading$0.45 +0.01 (+2.75%) As of 07:59 PM 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 Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Canaan Stock (NASDAQ:CAN) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get Canaan alerts:Sign Up Key Stats Today's Range$0.42▼$0.4650-Day Range$0.39▼$0.5752-Week Range$0.39▼$2.22Volume9.11 million shsAverage Volume9.82 million shsMarket Capitalization$312.27 millionP/E RatioN/ADividend YieldN/APrice Target$2.01Consensus RatingModerate Buy Company Overview Canaan Inc is a China-based technology company specializing in the design and manufacture of high-performance computing hardware for the digital currency and blockchain industry. The company’s core business revolves around application-specific integrated circuit (ASIC) miners, which are purpose-built machines optimized for cryptocurrency mining. By focusing on energy efficiency and processing power, Canaan’s mining rigs aim to deliver competitive hash rates while managing power consumption in large-scale operations. The flagship product line, known as AvalonMiner, encompasses a range of models tailored to different scales of mining activity, from small-scale hobbyist setups to industrial farms. Each AvalonMiner model integrates custom-designed chips, cooling systems and firmware to maximize uptime and mining efficiency. In addition to hardware sales, Canaan supports its products through firmware updates, technical support and a suite of monitoring tools that enable operators to track performance metrics and temperature thresholds in real time. Canaan was founded in 2013 and is headquartered in Beijing, with research and development facilities and assembly centers located in key manufacturing regions of China. The company completed its initial public offering on the Nasdaq stock exchange in November 2019 under the ticker symbol CAN. Through strategic partnerships and distribution agreements, Canaan has expanded its sales footprint across North America, Europe and parts of Asia, serving a diverse customer base that includes individual miners, data center operators and mining pool collaborators. Under the leadership of founder and Chief Executive Officer Nangeng Zhang, Canaan has pursued a technology-driven growth strategy, investing in chip design expertise and production scalability. The management team comprises veterans in semiconductor engineering, supply chain logistics and firmware development, all aimed at reinforcing Canaan’s position in the competitive crypto-mining hardware sector. Going forward, the company continues to explore adjacent opportunities in high-performance computing and blockchain infrastructure services.AI Generated. May Contain Errors. Read More Canaan Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks53rd Percentile Overall ScoreCAN MarketRank™: Canaan scored higher than 53% of companies evaluated by MarketBeat, and ranked 592nd out of 882 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.9 / 5Analyst RatingModerate Buy Consensus RatingCanaan has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on no strong buy ratings, 6 buy ratings, 2 hold ratings, and 1 sell rating.Upside PotentialCanaan has a consensus price target of $2.01, representing about 360.6% upside from its current price of $0.44.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 ($0.20) to $0.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.91, 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 -0.91, 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 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted8.31% of the float of Canaan has been sold short.Short Interest Ratio / Days to CoverCanaan has a short interest ratio ("days to cover") of 5.24.Change versus previous monthShort interest in Canaan has recently increased by 2.44%, indicating that investor sentiment is decreasing. 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. News and Social Media2.4 / 5News Sentiment-0.10 News SentimentCanaan has a news sentiment score of -0.10. 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 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 15 news articles for Canaan this week, compared to 9 articles on an average week.Search Interest32 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 88% compared to the previous 30 days.MarketBeat Follows11 people have added Canaan to their MarketBeat watchlist in the last 30 days. Company Ownership0.7 / 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 Insiders0.29% 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. Submit View SMS TermsSMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy. CAN Stock News HeadlinesCanaan Inc. (NASDAQ:CAN) Q1 2026 Earnings Call TranscriptMay 20 at 8:31 AM | insidermonkey.comCanaan Inc. (CAN) Q1 2026 Earnings Call TranscriptMay 19 at 7:01 PM | seekingalpha.comRead now. Do not delete. You’ve been warned.Three Nobel Prize Winners expose this once-in-a-generation wealth shift: “Don’t Say I Didn’t Warn You” Porter Stansberry exposes how the convergence of three immense forces is about to rewrite everything about the American way of life: how you work, save, invest… it’s all about to change.May 20 at 1:00 AM | Porter & Company (Ad)Canaan Inc (CAN) Q1 2026 Earnings Call Highlights: Strategic Shifts Amid Market ChallengesMay 19 at 5:48 PM | finance.yahoo.comCanaan Inc. Reports Unaudited First Quarter 2026 Financial ResultsMay 19 at 6:30 AM | prnewswire.comCanaan Inc. Wins Competitive Bid to Provide Hash-to-Heat Equipment to Nordic District Heating NetworkMay 19 at 6:25 AM | prnewswire.comBitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026May 18 at 12:33 AM | prnewswire.comCanaan Inc. Provides April 2026 Bitcoin Production and Mining Operation UpdatesMay 14, 2026 | prnewswire.comSee More Headlines CAN Stock Analysis - Frequently Asked Questions How have CAN shares performed this year? Canaan's stock was trading at $0.69 at the start of the year. Since then, CAN shares have decreased by 36.8% and is now trading at $0.4360. How were Canaan's earnings last quarter? Canaan Inc. Sponsored ADR (NASDAQ:CAN) released its earnings results on Wednesday, February, 11th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by $0.07. The firm had revenue of $196.27 million for the quarter, compared to analyst estimates of $25.30 million. Canaan had a negative trailing twelve-month return on equity of 60.70% and a negative net margin of 39.69%. Read the conference call transcript. How will Canaan's stock buyback program work? Canaan's Board of Directors authorized a stock buyback program on Wednesday, December 17th 2025, which allows the company to buy back $0 in outstanding shares, according to EventVestor. This allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued. 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 others. 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 served as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers. Who are Canaan's major shareholders? Canaan's top institutional investors include SG Americas Securities LLC (0.03%). 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 Earnings2/11/2026Today5/20/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Yellow Zone (5m+) 1-Year History May 25 Aug 25 Nov 25 Feb 26 May 26 CAN's financial health is in the Yellow zone, according to TradeSmith. CAN has been in this zone for over 5 months. Industry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry FIN - MISC SVCS Sub-IndustryElectronic Equipment Current SymbolNASDAQ:CAN CIK1780652 Webcanaan-creative.com Phone86-010-6097-4080FaxN/AEmployees350Year Founded2013Price Target and Rating Average Price Target for Canaan$2.01 High Price Target$3.00 Low Price Target$1.30 Potential Upside/Downside+360.6%Consensus RatingModerate Buy Rating Score (0-4)2.56 Research Coverage9 Analysts Profitability EPS (Trailing Twelve Months)($0.48) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income-$210.27 million Net Margins-39.69% Pretax Margin-39.17% Return on Equity-60.70% Return on Assets-34.60% Debt Debt-to-Equity Ratio0.06 Current Ratio3.31 Quick Ratio1.93 Sales & Book Value Annual Sales$529.73 million Price / Sales0.59 Cash FlowN/A Price / Cash FlowN/A Book Value$0.61 per share Price / Book0.71Miscellaneous Outstanding Shares716,210,000Free Float714,130,000Market Cap$312.27 million OptionableOptionable Beta2.65 Social Links 7 Stocks to Ride The A.I. 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