Canaan (CAN) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $0.17 to $0.25
• 50-Day Range: $0.17 to $0.42
• 52-Week Range: $0.17 to $2.22
• Volume: 58.56 million shs
• Average Volume: 8.18 million shs
• Market Capitalization: $121.76 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.01
• Consensus Rating: Moderate Buy

Canaan Stock Analysis - MarketRank™

Canaan scored higher than 64% of companies evaluated by MarketBeat, and ranked 320th out of 596 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Canaan has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on no strong buy ratings, 6 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Canaan has a consensus price target of $2.01, representing about 1,081.4% upside from its current price of $0.17.

Amount of Analyst Coverage

Canaan has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Canaan are expected to grow in the coming year, from ($0.15) to $0.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Canaan is -0.50, 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. Sector

The P/E ratio of Canaan is -0.50, 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 Ratio

Canaan has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.92% of the float of Canaan has been sold short.

Short Interest Ratio / Days to Cover

Canaan has a short interest ratio ("days to cover") of 6.15.

Change versus previous month

Short interest in Canaan has recently decreased by 10.61%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Canaan does not currently pay a dividend.

Dividend Growth

Canaan does not have a long track record of dividend growth.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.38

News Sentiment

Canaan has a news sentiment score of 0.38. 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 0.81 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Canaan this week, compared to 7 articles on an average week.

Search Interest

Only 12 people have searched for CAN on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

8 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Canaan insiders have not sold or bought any company stock.

Percentage Held by Insiders

0.29% of the stock of Canaan is held by insiders.

Percentage Held by Institutions

70.14% of the stock of Canaan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 5/19/2026
• Today: 7/31/2026
• Next Earnings (Estimated): 8/13/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Technology Hardware, Storage & Peripherals
• Sub-Industry: Technology Hardware, Storage & Peripherals
• Current Symbol: NASDAQ:CAN
• CIK: 1780652
• Web: canaan-creative.com
• Phone: 86-010-6097-4080
• Fax: N/A
• Employees: 350
• Year Founded: 2013

Price Target and Rating

• Average Price Target for Canaan: $2.01
• High Price Target: $3.00
• Low Price Target: $1.30
• Potential Upside/Downside: +1,081.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.34)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$210.27 million
• Net Margins: -41.71%
• Pretax Margin: -41.31%
• Return on Equity: -55.84%
• Return on Assets: -35.47%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 3.34
• Quick Ratio: 2.04

Sales & Book Value

• Annual Sales: $529.73 million
• Price / Sales: 0.23
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.61 per share
• Price / Book: 0.28

Miscellaneous

• Outstanding Shares: 716,210,000
• Free Float: 714,130,000
• Market Cap: $121.76 million
• Optionable: Optionable
• Beta: 2.57