S&P 500   5,069.53
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How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
NASDAQ:CAN

Canaan (CAN) Stock Price, News & Analysis

$1.97
+0.18 (+10.06%)
(As of 02/26/2024 ET)
Today's Range
$1.83
$2.08
50-Day Range
$1.20
$3.19
52-Week Range
$1.13
$3.50
Volume
35.96 million shs
Average Volume
21.13 million shs
Market Capitalization
$346.13 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.25

Canaan MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
115.7% Upside
$4.25 Price Target
Short Interest
Bearish
12.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.07mentions of Canaan in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.45 out of 5 stars

Computer And Technology Sector

476th out of 584 stocks

Semiconductors & Related Devices Industry

73rd out of 86 stocks


CAN stock logo

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.

CAN Stock Price History

CAN Stock News Headlines

Earnings Outlook For Canaan
Canaan Q4 2023 Earnings Preview
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Here's what to expect from Canaan A's earnings
Canaan (CAN) to Release Quarterly Earnings on Tuesday
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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.

Company Calendar

Last Earnings
11/28/2023
Today
2/26/2024
Next Earnings (Confirmed)
2/27/2024
Fiscal Year End
12/31/2024

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 Target
$4.25
High Stock Price Target
$5.50
Low Stock Price Target
$3.00
Potential Upside/Downside
+115.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$70.51 million
Net Margins
-154.49%
Pretax Margin
-192.13%

Debt

Sales & Book Value

Annual Sales
$634.88 million
Cash Flow
$0.80 per share
Book Value
$3.58 per share

Miscellaneous

Free Float
175,191,000
Market Cap
$346.13 million
Optionable
Optionable
Beta
3.04

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CAN Stock Analysis - Frequently Asked Questions

Should I buy or sell Canaan stock right now?

2 Wall Street research 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 research 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 analysts have issued 12 month target prices for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they predict the company's stock price to reach $4.25 in the next year. This suggests a possible upside of 115.7% 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 2024?

Canaan's stock was trading at $2.31 at the start of the year. Since then, CAN shares have decreased by 14.7% and is now trading at $1.97.
View the best growth stocks for 2024 here
.

Are investors shorting Canaan?

Canaan saw a increase in short interest in January. As of January 31st, there was short interest totaling 22,340,000 shares, an increase of 22.6% from the January 15th total of 18,220,000 shares. Based on an average daily volume of 15,570,000 shares, the short-interest ratio is presently 1.4 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 Tuesday, February 27th 2024.
View our CAN earnings forecast
.

How can I listen to Canaan's earnings call?

Canaan will be holding an earnings conference call on Tuesday, February 27th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Canaan's earnings last quarter?

Canaan Inc. (NASDAQ:CAN) released its earnings results on Tuesday, November, 28th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.11. The company had revenue of $33.32 million for the quarter, compared to the consensus estimate of $30 million. Canaan had a negative trailing twelve-month return on equity of 69.41% and a negative net margin of 154.49%.

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

Canaan updated its fourth quarter 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $34.0 million-$34.0 million, compared to the consensus revenue estimate of $41.5 million.

When did Canaan IPO?

(CAN) raised $100 million in an initial public offering 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.

Who are Canaan's major shareholders?

Canaan's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.28%), Van ECK Associates Corp (2.59%), SG Americas Securities LLC (2.29%), Exchange Traded Concepts LLC (1.28%), Mirae Asset Global Investments Co. Ltd. (1.01%) and Nomura Holdings Inc. (0.72%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/27/2024 by MarketBeat.com Staff