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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
BREAKING: Tiny biotech successfully treats blindness (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
BREAKING: Tiny biotech successfully treats blindness (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
BREAKING: Tiny biotech successfully treats blindness (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
BREAKING: Tiny biotech successfully treats blindness (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
BREAKING: Tiny biotech successfully treats blindness (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
BREAKING: Tiny biotech successfully treats blindness (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
NASDAQ:CAN

Canaan (CAN) Stock Price, News & Analysis

$1.79
-0.24 (-11.82%)
(As of 02/23/2024 ET)
Today's Range
$1.78
$2.01
50-Day Range
$1.20
$3.19
52-Week Range
$1.13
$3.50
Volume
16.84 million shs
Average Volume
20.73 million shs
Market Capitalization
$314.50 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
137.4% Upside
$4.25 Price Target
Short Interest
Bearish
12.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.09mentions of Canaan in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.43 out of 5 stars

Computer And Technology Sector

475th out of 582 stocks

Semiconductors & Related Devices Industry

76th 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

AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
Canaan Inc. (NASDAQ:CAN) Sees Significant Growth in Short Interest
Traders Buy Large Volume of Call Options on Canaan (NASDAQ:CAN)
See More Headlines
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Company Calendar

Last Earnings
11/28/2023
Today
2/23/2024
Next Earnings (Confirmed)
2/27/2024
Fiscal Year End
12/31/2024

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
+137.4%
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
$0.69 per share
Book Value
$3.58 per share

Miscellaneous

Free Float
175,191,000
Market Cap
$314.50 million
Optionable
Optionable
Beta
3.04

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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 twelve months. 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 Wall Street analysts have issued 1 year price objectives for Canaan's stock. Their CAN share price targets range from $3.00 to $5.50. On average, they anticipate the company's share price to reach $4.25 in the next twelve months. This suggests a possible upside of 137.4% 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 2024?

Canaan's stock was trading at $2.31 at the beginning of the year. Since then, CAN stock has decreased by 22.5% and is now trading at $1.79.
View the best growth stocks for 2024 here
.

Are investors shorting Canaan?

Canaan saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 22,340,000 shares, an increase of 22.6% from the January 15th total of 18,220,000 shares. Based on an average daily volume of 15,570,000 shares, the short-interest ratio is currently 1.4 days.
View Canaan's Short Interest
.

When is Canaan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our CAN earnings forecast
.

How can I listen to Canaan's earnings call?

Canaan will be holding an earnings conference call on Tuesday, February 27th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Canaan's earnings last quarter?

Canaan Inc. (NASDAQ:CAN) issued its earnings results on Tuesday, November, 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by $0.11. The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $30 million. Canaan had a negative net margin of 154.49% and a negative trailing twelve-month return on equity of 69.41%.

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

Canaan issued an update on its fourth quarter 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $34.0 million-$34.0 million, compared to the consensus revenue estimate of $41.5 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 acted 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.28%), Van ECK Associates Corp (2.59%), SG Americas Securities LLC (2.29%), Exchange Traded Concepts LLC (1.28%), Mirae Asset Global Investments Co. Ltd. (1.01%) and Nomura Holdings Inc. (0.72%).

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.
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 2/24/2024 by MarketBeat.com Staff