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Canaan (CAN) Stock Price, News & Analysis

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$0.72 +0.02 (+3.05%)
Closing price 04:00 PM Eastern
Extended Trading
$0.74 +0.02 (+3.44%)
As of 05:04 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 Polygon.io. Learn more.

About Canaan Stock (NASDAQ:CAN)

Key Stats

Today's Range
$0.70
$0.77
50-Day Range
$0.58
$0.88
52-Week Range
$0.53
$3.27
Volume
40.78 million shs
Average Volume
16.44 million shs
Market Capitalization
$266.77 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.67
Consensus Rating
Moderate Buy

Company Overview

Canaan Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
54th Percentile Overall Score

CAN MarketRank™: 

Canaan scored higher than 54% of companies evaluated by MarketBeat, and ranked 509th out of 906 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Canaan has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Canaan has only been the subject of 4 research reports in the past 90 days.

  • Read more about Canaan's stock forecast and price target.
  • Earnings Growth

    Earnings for Canaan are expected to grow in the coming year, from ($0.74) to $0.04 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Canaan is -0.70, 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 -0.70, 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 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Canaan's valuation and earnings.
  • Percentage of Shares Shorted

    9.64% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canaan has recently decreased by 7.58%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Canaan does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    9.64% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canaan has recently decreased by 7.58%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Canaan has a news sentiment score of -0.08. 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 0.73 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Canaan this week, compared to 9 articles on an average week.
  • Search Interest

    19 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.
  • MarketBeat Follows

    Only 5 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

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

  • Percentage Held by Insiders

    Only 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.

  • Read more about Canaan's insider trading history.
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CAN Stock News Headlines

Treasury Secretary Bessent Is Betting Big on Gold
When the U.S. Treasury Secretary’s largest personal investment is gold — that’s a signal. Now a veteran gold analyst believes Warren Buffett is preparing to follow suit… and he’s identified one gold miner big enough to absorb a portion of Buffett’s $330B cash pile. A key filing could confirm it by August 15th — and early investors may want to act now.
Man killed during boating accident in Canaan
‘Emergency’ water shutoff in Canaan, Vermont
See More Headlines

CAN Stock Analysis - Frequently Asked Questions

Canaan's stock was trading at $2.05 on January 1st, 2025. Since then, CAN shares have decreased by 65.1% and is now trading at $0.7154.

Canaan Inc. Sponsored ADR (NASDAQ:CAN) released its quarterly earnings data on Wednesday, March, 26th. The company reported ($2.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.88) by $1.29. The company had revenue of $88.77 million for the quarter, compared to the consensus estimate of $88.50 million. Canaan had a negative trailing twelve-month return on equity of 98.53% and a negative net margin of 93.62%.
Read the conference call transcript
.

Canaan's board authorized a stock buyback program on Tuesday, May 27th 2025, which permits the company to buy back $0 in outstanding shares, according to EventVestor. This permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Canaan subsidiaries include 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 more.

Canaan (CAN) raised $100 million in an initial public offering (IPO) 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.

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.

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 Earnings
3/26/2025
Today
7/08/2025
Next Earnings (Estimated)
8/13/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Finance
Industry
FIN - MISC SVCS
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CAN
CIK
1780652
Fax
N/A
Employees
350
Year Founded
2013

Price Target and Rating

High Price Target
$5.00
Low Price Target
$1.50
Potential Upside/Downside
+272.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
-$249.75 million
Pretax Margin
-69.21%

Debt

Sales & Book Value

Annual Sales
$269.32 million
Price / Cash Flow
N/A
Book Value
$0.71 per share
Price / Book
1.01

Miscellaneous

Free Float
371,815,000
Market Cap
$266.77 million
Optionable
Optionable
Beta
3.29

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This page (NASDAQ:CAN) was last updated on 7/8/2025 by MarketBeat.com Staff
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