Canaan Stock Price, News & Analysis (NASDAQ:CAN) $1.59 +0.08 (+5.30%) (As of 12/1/2023 ET) Add Compare Share Share Today's Range$1.44▼$1.6050-Day Range$1.51▼$2.0252-Week Range$1.44▼$3.98Volume10.60 million shsAverage Volume2.93 million shsMarket Capitalization$270.36 millionP/E RatioN/ADividend YieldN/APrice Target$4.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Canaan MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside167.3% Upside$4.25 Price TargetShort InterestBearish7.26% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.10Based on 22 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.1.67 out of 5 starsComputer And Technology Sector448th out of 594 stocksSemiconductors & Related Devices Industry64th out of 83 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 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.25, Canaan has a forecasted upside of 167.3% from its current price of $1.59.Amount of Analyst CoverageCanaan has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.26% 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 5.7.Change versus previous monthShort interest in Canaan has recently increased by 4.48%, indicating that investor sentiment is decreasing. 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 0.10. 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 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Canaan this week, compared to 4 articles on an average week.Search Interest15 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 150% 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 0% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Canaan are expected to remain at ($1.95) per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.79, 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 -0.79, 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 0.74. 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 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.Read More CAN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CAN Stock News HeadlinesDecember 2, 2023 | americanbankingnews.comHC Wainwright Comments on Canaan Inc.'s FY2023 Earnings (NASDAQ:CAN)December 1, 2023 | msn.comSki season kicks off at resorts in Canaan ValleyDecember 3, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 1, 2023 | finance.yahoo.comCanaan Inc. (NASDAQ:CAN) Q3 2023 Earnings Call TranscriptNovember 30, 2023 | sfgate.comNew Canaan Police Department moves to temporary home for 2 years during $29M station overhaulNovember 30, 2023 | americanbankingnews.comCanaan (NASDAQ:CAN) Stock Rating Reaffirmed by BenchmarkNovember 30, 2023 | americanbankingnews.comHC Wainwright Cuts Canaan (NASDAQ:CAN) Price Target to $3.00November 29, 2023 | markets.businessinsider.comHC Wainwright & Co. Maintains Buy Rating for Canaan: Here's What You Need To KnowDecember 3, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 29, 2023 | sfgate.comNew Canaan schools want to leave decision up to parents if their 4-year-old is kindergarten readyNovember 29, 2023 | finance.yahoo.comQ3 2023 Canaan Inc Earnings CallNovember 28, 2023 | msn.comCanaan (CAN) Reports Q3 Loss, Tops Revenue EstimatesNovember 28, 2023 | sfgate.comCanaan: Q3 Earnings SnapshotNovember 28, 2023 | msn.comCanaan GAAP EPADS of -$0.47 misses by $0.19, revenue of $33.3M beats by $3.01MNovember 28, 2023 | finance.yahoo.comCanaan Inc. Reports Unaudited Third Quarter 2023 Financial ResultsNovember 27, 2023 | msn.comCanaan Q3 2023 Earnings PreviewNovember 27, 2023 | markets.businessinsider.comCanaan A earnings: here's what to expectNovember 26, 2023 | americanbankingnews.comCanaan (CAN) Scheduled to Post Quarterly Earnings on TuesdayNovember 25, 2023 | msn.comIsaiah Canaan’s career-high guides Olympiacos past ZalgirisNovember 22, 2023 | chron.comThe Giving Fund: How you can help Greenwich, Stamford, Darien and New Canaan neighbors in needNovember 21, 2023 | msn.comNIA, New Canaan Energy partner for solar-powered irrigationNovember 20, 2023 | msn.comIsrael's Mount Canaan breaks 73-year rain intensity record amid stormsNovember 20, 2023 | finance.yahoo.comCanaan Inc. to Report Third Quarter 2023 Financial Results on November 28, 2023November 18, 2023 | chron.comHand High School field hockey defeats New Canaan on OT goal by Jacqueline Kennedy for CIAC Class M titleNovember 18, 2023 | msn.comBobcat sightings on the rise in New CanaanNovember 18, 2023 | chron.comKevin Moynihan on his biggest wins – and disappointments – as New Canaan's first selectmanNovember 13, 2023 | msn.comOver two years later, Canaan Cemetery is restored, rededication takes placeSee 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 Company Calendar Today12/03/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/05/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices 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 Target$4.25 High Stock Price Target$5.50 Low Stock Price Target$3.00 Potential Upside/Downside+167.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($2.01) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$70.51 million Net Margins-154.49% Pretax Margin-192.13% Return on Equity-69.41% Return on Assets-58.18% Debt Debt-to-Equity RatioN/A Current Ratio3.84 Quick Ratio1.45 Sales & Book Value Annual Sales$634.88 million Price / Sales0.43 Cash Flow$0.76 per share Price / Cash Flow2.08 Book Value$2.14 per share Price / Book0.74Miscellaneous Outstanding Shares170,040,000Free Float169,545,000Market Cap$270.36 million OptionableNot Optionable Beta2.98 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.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)Secretary of the Board Ms. Zhang XiInvestor Relations ManagerKey CompetitorsSkyWater TechnologyNASDAQ:SKYTMagnachip SemiconductorNYSE:MXNVENASDAQ:NVECValens SemiconductorNYSE:VLNArterisNASDAQ:AIPView All CompetitorsInstitutional OwnershipWellington Management Group LLPBought 46,910 shares on 12/1/2023Ownership: 0.059%American Century Companies Inc.Bought 152,432 shares on 11/30/2023Ownership: 0.401%GTS Securities LLCBought 25,300 shares on 11/16/2023Ownership: 0.000%Wolverine Trading LLCBought 19,100 shares on 11/16/2023Ownership: 0.000%Mercer Global Advisors Inc. ADVSold 36,052 shares on 11/15/2023Ownership: 0.010%View All Institutional Transactions CAN Stock Analysis - Frequently Asked Questions Should I buy or sell Canaan stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last year. There are currently 2 buy ratings 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 target for 2024? 2 brokerages have issued twelve-month price targets for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they predict the company's share price to reach $4.25 in the next year. This suggests a possible upside of 167.3% 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 on January 1st, 2023. Since then, CAN stock has decreased by 22.8% and is now trading at $1.59. View the best growth stocks for 2023 here. When is Canaan's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024. View our CAN earnings forecast. 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). When did Canaan IPO? (CAN) raised $100 million in an IPO 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 number of institutional and retail investors. Top institutional investors include Invesco Ltd. (2.18%), Toroso Investments LLC (1.65%), Van ECK Associates Corp (1.40%), Exchange Traded Concepts LLC (1.09%), Mirae Asset Global Investments Co. Ltd. (0.61%) and American Century Companies Inc. (0.40%). 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. 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 12/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canaan Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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