Canaan Stock Forecast, Price & News

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.

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.

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

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.

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.

Some companies that are related to Canaan include Semtech (SMTC), Cirrus Logic (CRUS), Daqo New Energy (DQ), MACOM Technology Solutions (MTSI), SiTime (SITM), Diodes (DIOD), Kulicke and Soffa Industries (KLIC), MaxLinear (MXL), SunPower (SPWR), CMC Materials (CCMP), Viavi Solutions (VIAV), Tower Semiconductor (TSEM), FormFactor (FORM), Silicon Motion Technology (SIMO) and Rambus (RMBS).
View all of CAN's competitors.

(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.

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

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%).

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..

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.

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.

One share of CAN stock can currently be purchased for approximately $8.01.

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

Canaan employs 2,020 workers across the globe.

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

Canaan is headquartered at 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016.

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.