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NVDA   801.70 (+2.08%)
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AMD   175.98 (-3.23%)
BABA   76.12 (+0.00%)
T   16.77 (+1.08%)
F   12.16 (+0.33%)
MU   86.04 (+0.15%)
CGC   3.25 (-3.56%)
GE   153.42 (+1.15%)
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AMC   4.50 (+1.81%)
PFE   27.85 (+1.09%)
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XOM   103.62 (-1.09%)
NASDAQ:CAN

Canaan (CAN) Stock Price, News & Analysis

$1.82
-0.21 (-10.54%)
(As of 01:16 PM ET)
Today's Range
$1.80
$2.01
50-Day Range
$1.20
$3.19
52-Week Range
$1.13
$3.50
Volume
13.56 million shs
Average Volume
20.63 million shs
Market Capitalization
$319.09 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
133.0% Upside
$4.25 Price Target
Short Interest
Bearish
12.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.09mentions of Canaan in the last 14 days
Based on 12 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

467th out of 580 stocks

Semiconductors & Related Devices Industry

74th out of 88 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

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LexaGene is poised to disrupt a market with an estimated annual TAM of ~$2.0B
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Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Canaan Inc. (NASDAQ:CAN) Sees Significant Growth in Short Interest
Traders Buy Large Volume of Call Options on Canaan (NASDAQ:CAN)
See More Headlines
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Company Calendar

Last Earnings
11/28/2023
Today
2/23/2024
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
+134.8%
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
$0.70 per share
Book Value
$3.58 per share

Miscellaneous

Free Float
175,191,000
Market Cap
$318.02 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 analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last twelve months. 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 brokers have issued 1-year price targets for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they expect the company's share price to reach $4.25 in the next year. This suggests a possible upside of 133.0% 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 beginning of the year. Since then, CAN shares have decreased by 21.0% and is now trading at $1.8240.
View the best growth stocks for 2024 here
.

Are investors shorting Canaan?

Canaan saw a increase in short interest during the month of 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 trading volume of 15,570,000 shares, the days-to-cover 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) issued its quarterly earnings data on Tuesday, November, 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by $0.11. The company earned $33.32 million during the quarter, compared to analyst estimates 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 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.

Who are Canaan's major shareholders?

Canaan's stock is owned by many different institutional and retail investors. Top institutional shareholders 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 2/23/2024 by MarketBeat.com Staff