NASDAQ:CAN Canaan (CAN) Stock Forecast, Price & News $1.82 +0.08 (+4.60%) (As of 04:31 PM ET) Add Compare Share Share Today's Range$1.77▼$1.8450-Day Range$1.68▼$3.1852-Week Range$1.64▼$3.98Volume1.60 million shsAverage Volume2.49 million shsMarket Capitalization$309.47 millionP/E RatioN/ADividend YieldN/APrice Target$4.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Canaan MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside122.2% Upside$4.00 Price TargetShort InterestBearish7.12% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.16Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($1.80) to ($0.90) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 starsComputer And Technology Sector510th out of 599 stocksComputer Hardware Industry2nd out of 2 stocks 3.5 Analyst's Opinion Consensus RatingCanaan has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.00, Canaan has a forecasted upside of 122.2% from its current price of $1.80.Amount of Analyst CoverageCanaan has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.12% of the outstanding shares of Canaan have been sold short.Short Interest Ratio / Days to CoverCanaan has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Canaan has recently increased by 15.13%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCanaan does not currently pay a dividend.Dividend GrowthCanaan does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CAN. Previous Next 2.3 News and Social Media Coverage News SentimentCanaan has a news sentiment score of 0.16. 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 0.63 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Canaan this week, compared to 3 articles on an average week.Search Interest22 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canaan insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.29% of the stock of Canaan is held by insiders.Percentage Held by InstitutionsOnly 17.37% of the stock of Canaan is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Canaan are expected to grow in the coming year, from ($1.80) to ($0.90) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -1.21, 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. SectorThe P/E ratio of Canaan is -1.21, 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 RatioCanaan has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Canaan (NASDAQ:CAN) StockCanaan 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.Read More CAN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CAN Stock News HeadlinesSeptember 28, 2023 | msn.comCaffeine and Carburetors Returns To Downtown New CanaanSeptember 21, 2023 | benzinga.comCAN EQUITY NOTICE: ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Canaan Inc. Investors to Inquire About Securities Class Action Investigation - CANSeptember 29, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...September 19, 2023 | msn.comStory of former high school wrestler Canaan Bowers to be honored in feature filmSeptember 19, 2023 | news.yahoo.comLas Cruces filmmaker bringing Canaan Bower's story to the big screenSeptember 19, 2023 | americanbankingnews.comCanaan Inc. (NASDAQ:CAN) Sees Significant Growth in Short InterestSeptember 17, 2023 | fool.comCanaan (NASDAQ: CAN)September 14, 2023 | sfgate.comWatergate Scandal-breaking journalist, Carl Bernstein, to speak at New Canaan Library in OctoberSeptember 29, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...September 12, 2023 | finance.yahoo.comCanaan Inc (35J.SG)September 11, 2023 | finance.yahoo.comCanaan Inc. to Participate in H.C. Wainwright 25th Annual Global Investment Conference on September 12, 2023September 11, 2023 | finance.yahoo.comCanaan Inc. Celebrates Its 10th Anniversary at Avalon Bitcoin & Crypto DaySeptember 11, 2023 | msn.comNorth Canaan man accused of sliding fecal matter under resident trooper’s doorSeptember 10, 2023 | msn.comNorth Canaan man charged in Town Hall biohazard incidentSeptember 9, 2023 | msn.comNorth Canaan accused of sliding fecal matter under resident trooper’s doorSeptember 9, 2023 | msn.comMan accused of putting feces on infractions, sliding under resident trooper's door at North Canaan town hallSeptember 9, 2023 | yahoo.comCT man charged with allegedly putting feces on his parking tickets and bringing them to a state trooper’s office in North CanaanSeptember 7, 2023 | msn.comCanaan man dies while serving 55-year prison sentence for beating girlfriend to deathSeptember 4, 2023 | msn.comActor Richard Gere turning New Canaan property into family farmAugust 30, 2023 | finance.yahoo.comCanaan Inc. (NASDAQ:CAN) Q2 2023 Earnings Call TranscriptAugust 30, 2023 | msn.comI've been going to the Canaan Buffet since it's opening over 10 years ago.August 30, 2023 | markets.businessinsider.comH.C. Wainwright Keeps Their Buy Rating on Canaan (CAN)August 30, 2023 | finance.yahoo.comQ2 2023 Canaan Inc Earnings CallAugust 29, 2023 | markets.businessinsider.comCanaan Misses Q2 Earnings, Guides Q3 Revenue Significantly Below ConsensusAugust 29, 2023 | sfgate.comNew Canaan students and faculty head back to schoolAugust 29, 2023 | finance.yahoo.comCanaan (CAN) Reports Q2 Loss, Tops Revenue EstimatesAugust 29, 2023 | washingtonpost.comCanaan: Q2 Earnings SnapshotSee 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. Email Address CAN Company Calendar Last Earnings8/29/2023Today9/29/2023Next Earnings (Estimated)11/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer Hardware Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:CAN CUSIPN/A CIK1780652 Webcanaan-creative.com Phone86-010-6097-4080FaxN/AEmployees541Year Founded2013Price Target and Rating Average Stock Price Forecast$4.00 High Stock Price Forecast$4.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside+119.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($1.49) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$70.51 million Net Margins-77.30% Pretax Margin-97.53% Return on Equity-43.95% Return on Assets-37.81% Debt Debt-to-Equity RatioN/A Current Ratio3.92 Quick Ratio1.45 Sales & Book Value Annual Sales$634.88 million Price / Sales0.49 Cash Flow$0.79 per share Price / Cash Flow2.31 Book Value$3.58 per share Price / Book0.51Miscellaneous Outstanding Shares170,040,000Free Float169,545,000Market Cap$309.47 million OptionableNot Optionable Beta3.29 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Nangeng Zhang (Age 40)Chairman & CEO Mr. James Jin Cheng (Age 44)Chief Financial Officer Mr. Clark S. SoucyInvestor Relations DirectorMs. Lu Meng (Age 40)Sec. of the Board Ms. Zhang XiInvestor Relations Mang.Key CompetitorsMagnachip SemiconductorNYSE:MXApplied OptoelectronicsNASDAQ:AAOIValens SemiconductorNYSE:VLNSkyWater TechnologyNASDAQ:SKYTNVENASDAQ:NVECView All CompetitorsInstitutional OwnershipGTS Securities LLCBought 21,610 shares on 8/16/2023Ownership: 0.013%Citadel Advisors LLCSold 20,500 shares on 8/15/2023Ownership: 0.000%Wells Fargo & Company MNSold 72,149 shares on 8/15/2023Ownership: 0.026%Nuveen Asset Management LLCSold 35,600 shares on 8/14/2023Ownership: 0.061%Two Sigma Securities LLCBought 32,452 shares on 8/14/2023Ownership: 0.028%View All Institutional Transactions CAN Stock - Frequently Asked Questions Should I buy or sell Canaan stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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? 1 analysts have issued twelve-month target prices for Canaan's stock. Their CAN share price forecasts range from $4.00 to $4.00. On average, they expect the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 119.8% 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 beginning of the year. Since then, CAN shares have decreased by 11.7% and is now trading at $1.82. View the best growth stocks for 2023 here. Are investors shorting Canaan? Canaan saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 12,100,000 shares, an increase of 15.1% from the August 31st total of 10,510,000 shares. Based on an average daily trading volume, of 2,760,000 shares, the days-to-cover ratio is presently 4.4 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 Monday, November 13th 2023. View our CAN earnings forecast. How were Canaan's earnings last quarter? Canaan Inc. (NASDAQ:CAN) posted its quarterly earnings results on Tuesday, August, 29th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.50. The business earned $73.85 million during the quarter, compared to analyst estimates of $66.60 million. Canaan had a negative net margin of 77.30% and a negative trailing twelve-month return on equity of 43.95%. What ETFs hold Canaan's stock? ETFs with the largest weight of Canaan (NASDAQ:CAN) stock in their portfolio include VanEck Digital Assets Mining ETF (DAM), Bitwise Crypto Industry Innovators ETF (BITQ), Invesco Alerian Galaxy Crypto Economy ETF (SATO), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF), Global X Blockchain ETF (BKCH), iShares Blockchain and Tech ETF (IBLC) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). What guidance has Canaan issued on next quarter's earnings? Canaan updated its third quarter 2023 earnings guidance on Tuesday, August, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $30.00 million-$30.00 million, compared to the consensus revenue estimate of $115.25 million. When did Canaan IPO? (CAN) raised $100 million in an IPO on Thursday, November 21st 2019. The company issued 10,000,000 shares at $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." 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 $1.82. How much money does Canaan make? Canaan (NASDAQ:CAN) has a market capitalization of $309.47 million and generates $634.88 million in revenue each year. The company earns $70.51 million in net income (profit) each year or ($1.49) on an earnings per share basis. How many employees does Canaan have? The company employs 541 workers across the globe. 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 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 86-010-6097-4080. This page (NASDAQ:CAN) was last updated on 9/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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