S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
NASDAQ:CAN

Canaan (CAN) Stock Forecast, Price & News

$1.79
-0.02 (-1.10%)
(As of 09/21/2023 ET)
Compare
Today's Range
$1.73
$1.81
50-Day Range
$1.79
$3.18
52-Week Range
$1.73
$3.98
Volume
2.12 million shs
Average Volume
2.22 million shs
Market Capitalization
$304.37 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.00

Canaan MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
123.5% Upside
$4.00 Price Target
Short Interest
Bearish
6.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of Canaan in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.80) to ($0.90) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Computer And Technology Sector

437th out of 593 stocks

Semiconductors & Related Devices Industry

71st out of 86 stocks


CAN stock logo

About Canaan (NASDAQ:CAN) Stock

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 Price History

CAN Stock News Headlines

The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Canaan Inc. (NASDAQ:CAN) Sees Significant Growth in Short Interest
Canaan (NASDAQ: CAN)
Canaan Inc (35J.SG)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
H.C. Wainwright Keeps Their Buy Rating on Canaan (CAN)
Q2 2023 Canaan Inc Earnings Call
Canaan (CAN) Reports Q2 Loss, Tops Revenue Estimates
Canaan: Q2 Earnings Snapshot
See 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.

CAN Company Calendar

Last Earnings
8/29/2023
Today
9/22/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
12/31/2023

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 Forecast
$4.00
High Stock Price Forecast
$4.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+123.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$70.51 million
Pretax Margin
-97.53%

Debt

Sales & Book Value

Annual Sales
$634.88 million
Cash Flow
$0.72 per share
Book Value
$3.58 per share

Miscellaneous

Free Float
169,545,000
Market Cap
$304.37 million
Optionable
Not Optionable
Beta
3.29

Social Links

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives

  • Mr. Nangeng ZhangMr. Nangeng Zhang (Age 40)
    Chairman & CEO
  • Mr. James Jin Cheng (Age 44)
    Chief Financial Officer
  • Mr. Clark S. Soucy
    Investor Relations Director
  • Ms. Lu Meng (Age 40)
    Sec. of the Board
  • Ms. Zhang Xi
    Investor Relations Mang.













CAN Stock - Frequently Asked Questions

Should I buy or sell Canaan stock right now?

1 Wall Street research 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 research 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 brokerages have issued 1 year target prices for Canaan's stock. Their CAN share price forecasts range from $4.00 to $4.00. On average, they anticipate the company's share price to reach $4.00 in the next twelve months. This suggests a possible upside of 123.5% 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 2023. Since then, CAN stock has decreased by 13.1% and is now trading at $1.79.
View the best growth stocks for 2023 here
.

Are investors shorting Canaan?

Canaan saw a increase in short interest in August. As of August 31st, there was short interest totaling 10,510,000 shares, an increase of 18.6% from the August 15th total of 8,860,000 shares. Based on an average trading volume of 3,000,000 shares, the short-interest ratio is currently 3.5 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 data on Tuesday, August, 29th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.50. The business had revenue of $73.85 million for the quarter, compared to analysts' expectations of $66.60 million. Canaan had a negative trailing twelve-month return on equity of 43.95% and a negative net margin of 77.30%.

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 EPS 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 initial public offering (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.

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 investors include BlackRock Inc. (2.06%), State Street Corp (2.01%), Van ECK Associates Corp (1.04%), Exchange Traded Concepts LLC (0.99%), Polunin Capital Partners Ltd (0.84%) and Mirae Asset Global Investments Co. Ltd. (0.63%).

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 $1.79.

How much money does Canaan make?

Canaan (NASDAQ:CAN) has a market capitalization of $304.37 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 9/22/2023 by MarketBeat.com Staff

My Account -