QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
NASDAQ:CAN

Canaan - CAN Stock Forecast, Price & News

$2.45
-0.07 (-2.78%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.43
$2.61
50-Day Range
$2.37
$3.47
52-Week Range
$2.32
$6.90
Volume
1.22 million shs
Average Volume
3.20 million shs
Market Capitalization
$420.18 million
P/E Ratio
1.19
Dividend Yield
N/A
Price Target
$7.67

Canaan MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
212.9% Upside
$7.67 Price Target
Short Interest
Bearish
6.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From $0.69 to ($0.01) Per Share

Overall MarketRank

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

1.89 out of 5 stars

Computer And Technology Sector

457th out of 627 stocks

Semiconductors & Related Devices Industry

66th out of 92 stocks

CAN stock logo

About Canaan (NASDAQ:CAN) Stock

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 primarily 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 a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

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.

CAN Stock News Headlines

Reviewing Canaan (NASDAQ:CAN) and Tower Semiconductor (NASDAQ:TSEM)
Canaan Third Quarter 2022 Earnings: Misses Expectations
Canaan (CAN) Q3 Earnings Beat Estimates
Why Canaan Stock Crept Higher Today
Recap: Canaan Q2 Earnings - Benzinga
Recap: Canaan Q2 Earnings
See More Headlines
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.

CAN Company Calendar

Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/02/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CAN
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.67
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+212.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$313.89 million
Pretax Margin
45.38%

Debt

Sales & Book Value

Annual Sales
$782.52 million
Cash Flow
$1.43 per share
Book Value
$2.90 per share

Miscellaneous

Free Float
171,005,000
Market Cap
$420.18 million
Optionable
Not Optionable
Beta
3.11

Key Executives

  • Mr. Nangeng ZhangMr. Nangeng Zhang (Age 39)
    Chairman & CEO
  • Mr. James Jin Cheng (Age 43)
    Chief Financial Officer
  • Ms. Lu Meng (Age 39)
    Sec. of the Board
  • Ms. Zhang Xi
    Investor Relations Mang.













CAN Stock - Frequently Asked Questions

Should I buy or sell Canaan stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last year. There are currently 3 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 forecast for 2023?

3 brokerages have issued 1-year price targets for Canaan's stock. Their CAN share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's share price to reach $7.67 in the next year. This suggests a possible upside of 191.5% 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 2022?

Canaan's stock was trading at $5.15 at the start of the year. Since then, CAN shares have decreased by 48.9% and is now trading at $2.63.
View the best growth stocks for 2022 here
.

Are investors shorting Canaan?

Canaan saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 9,010,000 shares, an increase of 8.6% from the October 31st total of 8,300,000 shares. Based on an average daily volume of 1,450,000 shares, the days-to-cover ratio is presently 6.2 days. Currently, 6.1% of the shares of the company are short sold.
View Canaan's Short Interest
.

When is Canaan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our CAN earnings forecast
.

What guidance has Canaan issued on next quarter's earnings?

Canaan issued an update on its fourth quarter 2022 earnings guidance on Monday, November, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $43.60 million-$43.60 million.

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.

What is Canaan's stock symbol?

Canaan trades on the NASDAQ under the ticker symbol "CAN."

Who are Canaan's major shareholders?

Canaan's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.42%), BlackRock Inc. (1.36%), Toroso Investments LLC (1.12%), State Street Corp (0.68%), Exchange Traded Concepts LLC (0.50%) and Van ECK Associates Corp (0.41%).

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.

What is Canaan's stock price today?

One share of CAN stock can currently be purchased for approximately $2.63.

How much money does Canaan make?

Canaan (NASDAQ:CAN) has a market capitalization of $451.05 million and generates $782.52 million in revenue each year. The company earns $313.89 million in net income (profit) each year or $2.06 on an earnings per share basis.

How many employees does Canaan have?

The company employs 2,020 workers across the globe.

How can I contact Canaan?

Canaan's mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016. The official website for the company is canaan-creative.com. The company can be reached via phone at 86-10-5874-1858.

This page (NASDAQ:CAN) was last updated on 12/6/2022 by MarketBeat.com Staff