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BABA   86.74 (+1.40%)
AMD   102.82 (+0.06%)
T   15.02 (+0.07%)
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MU   68.03 (+4.34%)
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GE   110.55 (-1.59%)
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NASDAQ:CAN

Canaan (CAN) Stock Forecast, Price & News

$1.82
+0.08 (+4.60%)
(As of 04:31 PM ET)
Compare
Today's Range
$1.77
$1.84
50-Day Range
$1.68
$3.18
52-Week Range
$1.64
$3.98
Volume
1.60 million shs
Average Volume
2.49 million shs
Market Capitalization
$309.47 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
122.2% Upside
$4.00 Price Target
Short Interest
Bearish
7.12% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.16mentions of Canaan in the last 14 days
Based on 4 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.

1.81 out of 5 stars

Computer And Technology Sector

510th out of 599 stocks

Computer Hardware Industry

2nd out of 2 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

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%...
Canaan Inc. (NASDAQ:CAN) Sees Significant Growth in Short Interest
Canaan (NASDAQ: CAN)
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%...
Canaan Inc (35J.SG)
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
9/29/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer Hardware
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
+119.8%
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
$0.79 per share
Book Value
$3.58 per share

Miscellaneous

Free Float
169,545,000
Market Cap
$309.47 million
Optionable
Not Optionable
Beta
3.29

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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 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 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

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