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Tesla sales bounce back in Q3 but fall short of estimates
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S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
An All-In-One Guide for Trading Metals (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
An All-In-One Guide for Trading Metals (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
An All-In-One Guide for Trading Metals (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
NASDAQ:CAN

Canaan - CAN Stock Forecast, Price & News

$3.28
+0.02 (+0.61%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$3.23
$3.37
50-Day Range
$3.04
$4.29
52-Week Range
$2.56
$11.19
Volume
821,686 shs
Average Volume
1.11 million shs
Market Capitalization
$613.16 million
P/E Ratio
1.36
Dividend Yield
N/A
Price Target
$8.00

Canaan MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
143.9% Upside
$8.00 Price Target
Short Interest
Bearish
5.56% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.19mentions of Canaan in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.90%
From $1.11 to $1.10 Per Share

Overall MarketRank

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

1.75 out of 5 stars

Computer And Technology Sector

563rd out of 652 stocks

Semiconductors & Related Devices Industry

80th out of 97 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 primarily 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 a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

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CAN Stock News Headlines

Comparing CMC Materials (NASDAQ:CCMP) & Canaan (NASDAQ:CAN)
Why Canaan Stock Crept Higher Today
Recap: Canaan Q2 Earnings - Benzinga
Recap: Canaan Q2 Earnings
Canaan Q2 Profit Rises; Revenues Up 52.8%
Canaan (CAN) Q2 Earnings Surpass Estimates
Canaan Earnings Preview - Benzinga
See More Headlines
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CAN Company Calendar

Last Earnings
8/18/2022
Today
10/02/2022
Next Earnings (Estimated)
11/15/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CAN
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.00
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+143.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$313.89 million
Pretax Margin
48.75%

Debt

Sales & Book Value

Annual Sales
$782.52 million
Cash Flow
$1.54 per share
Book Value
$2.90 per share

Miscellaneous

Free Float
186,401,000
Market Cap
$613.16 million
Optionable
Not Optionable
Beta
3.67

Key Executives

  • Mr. Nangeng  ZhangMr. Nangeng Zhang (Age 39)
    Chairman & CEO
  • Mr. James Jin Cheng (Age 43)
    Chief Financial Officer
  • Ms. Lu Meng (Age 39)
    Sec. of the Board
  • Ms. Zhang Xi
    Investor Relations Mang.













CAN Stock - Frequently Asked Questions

Should I buy or sell Canaan stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last twelve months. There are currently 3 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 forecast for 2022?

3 analysts have issued 1 year price targets for Canaan's stock. Their CAN share price forecasts range from $5.00 to $10.00. On average, they anticipate the company's share price to reach $8.00 in the next year. This suggests a possible upside of 143.9% 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 2022?

Canaan's stock was trading at $5.15 at the start of the year. Since then, CAN stock has decreased by 36.3% and is now trading at $3.28.
View the best growth stocks for 2022 here
.

When is Canaan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our CAN earnings forecast
.

How were Canaan's earnings last quarter?

Canaan Inc. (NASDAQ:CAN) announced its quarterly earnings data on Thursday, August, 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.20. The firm had revenue of $246.74 million for the quarter, compared to analyst estimates of $252.30 million. Canaan had a trailing twelve-month return on equity of 73.44% and a net margin of 41.75%.

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

Canaan updated its third quarter 2022 earnings guidance on Thursday, September, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $134.40 million-$164.20 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 a price of $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 $3.28.

How much money does Canaan make?

Canaan (NASDAQ:CAN) has a market capitalization of $613.16 million and generates $782.52 million in revenue each year. The company earns $313.89 million in net income (profit) each year or $2.42 on an earnings per share basis.

How many employees does Canaan have?

The company employs 2,020 workers across the globe.

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 86-10-5874-1858.

This page (NASDAQ:CAN) was last updated on 10/2/2022 by MarketBeat.com Staff

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