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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Own Dollar General? Hurry and take this advice before earnings
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Black Swan: this small cap surged over 1000% last week
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
AppLovin (APP): Losing its shareholders lovin'?
Economists predict US inflation will keep cooling and the economy can avoid a recession
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Stock market today: US futures follow global markets lower ahead of raft of jobs data this week
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Own Dollar General? Hurry and take this advice before earnings
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Black Swan: this small cap surged over 1000% last week
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
AppLovin (APP): Losing its shareholders lovin'?
Economists predict US inflation will keep cooling and the economy can avoid a recession
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Stock market today: US futures follow global markets lower ahead of raft of jobs data this week
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Own Dollar General? Hurry and take this advice before earnings
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Black Swan: this small cap surged over 1000% last week
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
AppLovin (APP): Losing its shareholders lovin'?
Economists predict US inflation will keep cooling and the economy can avoid a recession
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Stock market today: US futures follow global markets lower ahead of raft of jobs data this week
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts

Canaan Stock Price, News & Analysis (NASDAQ:CAN)

$1.80
+0.21 (+13.21%)
(As of 08:34 AM ET)
Compare
Today's Range
$1.80
$1.80
50-Day Range
$1.51
$2.02
52-Week Range
$1.44
$3.98
Volume
771,060 shs
Average Volume
2.51 million shs
Market Capitalization
$306.07 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.25

Canaan MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
167.3% Upside
$4.25 Price Target
Short Interest
Bearish
7.26% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.06mentions of Canaan in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.73 out of 5 stars

Computer And Technology Sector

488th out of 595 stocks

Semiconductors & Related Devices Industry

73rd out of 87 stocks


CAN stock logo

About Canaan Stock (NASDAQ:CAN)

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. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.

CAN Stock Price History

CAN Stock News Headlines

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Canaan Inc. (NASDAQ:CAN) Q3 2023 Earnings Call Transcript
Canaan (NASDAQ:CAN) Stock Rating Reaffirmed by Benchmark
HC Wainwright Cuts Canaan (NASDAQ:CAN) Price Target to $3.00
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Q3 2023 Canaan Inc Earnings Call
Canaan: Q3 Earnings Snapshot
Canaan Q3 2023 Earnings Preview
Canaan A earnings: here's what to expect
Canaan (CAN) Scheduled to Post Quarterly Earnings on Tuesday
Bobcat sightings on the rise in New Canaan
See More Headlines
Receive CAN Stock News and Ratings via Email

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Company Calendar

Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/05/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CAN
Fax
N/A
Employees
541
Year Founded
2013

Price Target and Rating

Average Stock Price Target
$4.25
High Stock Price Target
$5.50
Low Stock Price Target
$3.00
Potential Upside/Downside
+167.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$70.51 million
Net Margins
-154.49%
Pretax Margin
-192.13%

Debt

Sales & Book Value

Annual Sales
$634.88 million
Cash Flow
$0.73 per share
Book Value
$2.14 per share

Miscellaneous

Free Float
169,545,000
Market Cap
$270.36 million
Optionable
Not Optionable
Beta
2.98

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CAN Stock Analysis - Frequently Asked Questions

Should I buy or sell Canaan stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CAN shares.
View CAN analyst ratings
or view top-rated stocks.

What is Canaan's stock price target for 2024?

2 analysts have issued 12-month target prices for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they expect the company's share price to reach $4.25 in the next twelve months. This suggests a possible upside of 167.3% from the stock's current price.
View analysts price targets for CAN
or view top-rated stocks among Wall Street analysts.

How have CAN shares performed in 2023?

Canaan's stock was trading at $2.06 at the start of the year. Since then, CAN shares have decreased by 22.8% and is now trading at $1.59.
View the best growth stocks for 2023 here
.

When is Canaan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our CAN earnings forecast
.

When did Canaan IPO?

(CAN) raised $100 million in an initial public offering on Thursday, November 21st 2019. The company issued 10,000,000 shares at a price of $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 stock is owned by many different retail and institutional investors. Top institutional investors include Invesco Ltd. (2.18%), Toroso Investments LLC (1.65%), Van ECK Associates Corp (1.40%), Exchange Traded Concepts LLC (1.09%), Mirae Asset Global Investments Co. Ltd. (0.61%) and American Century Companies Inc. (0.40%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Canaan have any subsidiaries?
The following companies are subsidiares of Canaan: Canaan Bright Sight Co. Ltd., Canaan Convey Co. Ltd., Canaan Creative (HK) Holdings Limited, Canaan Creative (SH) Co. Ltd., Canaan Creative Co. Ltd., Canaan Creative International PTE. Ltd., Hangzhou Canaan Chuangxin Technology Co. Ltd., Hangzhou Canaan Intelligence Information Technology Co. Ltd., Langfang Creative Technology Co. Ltd., Proof of Existence, and Zhejiang Avalon Technology Co. Ltd..
Read More
This page (NASDAQ:CAN) was last updated on 12/4/2023 by MarketBeat.com Staff

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