NASDAQ:CAN

Canaan Stock Forecast, Price & News

$8.01
+0.25 (+3.22 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$7.62
$8.20
50-Day Range
$5.62
$9.98
52-Week Range
$1.81
$39.10
Volume11.53 million shs
Average Volume6.49 million shs
Market Capitalization$1.27 billion
P/E Ratio114.43
Dividend YieldN/A
Beta4.24
30 days | 90 days | 365 days | Advanced Chart
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Canaan logo

About Canaan

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system 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 of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.

Headlines

Canaan to Join the FTSE Russell Indexes - Yahoo Finance
Canaan to Join the FTSE Russell Indexes - Yahoo Finance
September 17, 2021 |  finance.yahoo.com
Canaan to Join the FTSE Russell Indexes
Canaan to Join the FTSE Russell Indexes
September 17, 2021 |  finance.yahoo.com
Why Bitcoin-Related Stock Canaan Is Falling - Yahoo Finance
Why Bitcoin-Related Stock Canaan Is Falling - Yahoo Finance
September 15, 2021 |  finance.yahoo.com
Why Bitcoin-Related Stock Canaan Is Falling
Why Bitcoin-Related Stock Canaan Is Falling
September 15, 2021 |  finance.yahoo.com
Why Canaans Stock Dropped 13.8% on Wednesday
Why Canaan's Stock Dropped 13.8% on Wednesday
September 15, 2021 |  finance.yahoo.com
Why Bitcoin-Related Stock Canaan Is Falling - Benzinga
Why Bitcoin-Related Stock Canaan Is Falling - Benzinga
September 15, 2021 |  benzinga.com
Canaan (NASDAQ:CAN) Stock Price Down 5.4%
Canaan (NASDAQ:CAN) Stock Price Down 5.4%
September 15, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

0.45 out of 5 stars

Computer And Technology Sector

832nd out of 857 stocks

Semiconductors & Related Devices Industry

115th out of 116 stocks

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
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Canaan (NASDAQ:CAN) Frequently Asked Questions

What stocks does MarketBeat like better than Canaan?

Wall Street analysts have given Canaan a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canaan wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Canaan?

Canaan saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 8,790,000 shares, an increase of 17.5% from the July 29th total of 7,480,000 shares. Based on an average daily trading volume, of 7,610,000 shares, the short-interest ratio is currently 1.2 days.
View Canaan's Short Interest
.

When is Canaan's next earnings date?

Canaan is scheduled to release its next quarterly earnings announcement on Monday, November 29th 2021.
View our earnings forecast for Canaan
.

How has Canaan's stock price been impacted by Coronavirus?

Canaan's stock was trading at $3.91 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CAN stock has increased by 104.9% and is now trading at $8.01.
View which stocks have been most impacted by COVID-19
.

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

Canaan issued an update on its third quarter 2021 earnings guidance on Wednesday, September, 15th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $184.30 million-$217.81 million.

Who are Canaan's key executives?

Canaan's management team includes the following people:
  • Mr. Nangeng Zhang, Chairman & CEO (Age 38)
  • Mr. Quanfu Hong, VP of Fin. & CFO (Age 37)
  • Mr. Tong He, Acting Chief Financial Officer (Age 39)
  • Mr. Jingjie Wu, VP of Technology (Age 34)
  • Mr. Shaoke Li, Sec. to the Board (Age 37)

Who are some of Canaan's key competitors?

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 acted 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 a number of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (1.79%), Toroso Investments LLC (1.54%), BlackRock Inc. (1.01%), Renaissance Technologies LLC (0.81%), Jefferies Group LLC (0.00%) and Indus Capital Partners LLC (0.63%).

Which major investors are selling Canaan stock?

CAN stock was sold by a variety of institutional investors in the last quarter, including Franchise Capital Ltd, Invesco Ltd., UBS Asset Management Americas Inc., Susquehanna International Group LLP, Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., and Group One Trading L.P..

Which major investors are buying Canaan stock?

CAN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Jefferies Group LLC, Renaissance Technologies LLC, Indus Capital Partners LLC, GMT Capital Corp, Deutsche Bank AG, Toroso Investments LLC, and State Street Corp.

How do I buy shares of Canaan?

Shares of CAN 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 $8.01.

How much money does Canaan make?

Canaan has a market capitalization of $1.27 billion and generates $68.61 million in revenue each year.

How many employees does Canaan have?

Canaan employs 2,020 workers across the globe.

What is Canaan's official website?

The official website for Canaan is canaan-creative.com.

Where are Canaan's headquarters?

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 company can be reached via phone at 86-10-5874-1858.


This page was last updated on 9/18/2021 by MarketBeat.com Staff
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