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Canaan (CAN) Competitors

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$0.65 +0.04 (+7.38%)
Closing price 07/2/2025 04:00 PM Eastern
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$0.65 +0.00 (+0.36%)
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CAN vs. INDI, CSIQ, SHLS, ICHR, BKSY, IMOS, CLFD, AIOT, SKYT, and KE

Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include indie Semiconductor (INDI), Canadian Solar (CSIQ), Shoals Technologies Group (SHLS), Ichor (ICHR), BlackSky Technology (BKSY), Chipmos Technologies (IMOS), Clearfield (CLFD), PowerFleet (AIOT), SkyWater Technology (SKYT), and Kimball Electronics (KE). These companies are all part of the "electronic equipment" industry.

Canaan vs. Its Competitors

indie Semiconductor (NASDAQ:INDI) and Canaan (NASDAQ:CAN) are both small-cap electronic equipment companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, earnings, profitability, risk, analyst recommendations, dividends and media sentiment.

indie Semiconductor has higher earnings, but lower revenue than Canaan. indie Semiconductor is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
indie Semiconductor$216.68M3.63-$132.60M-$0.75-4.93
Canaan$269.32M0.90-$249.75M-$1.02-0.64

indie Semiconductor has a beta of 2.2, suggesting that its share price is 120% more volatile than the S&P 500. Comparatively, Canaan has a beta of 3.29, suggesting that its share price is 229% more volatile than the S&P 500.

indie Semiconductor has a net margin of -62.64% compared to Canaan's net margin of -93.62%. indie Semiconductor's return on equity of -27.25% beat Canaan's return on equity.

Company Net Margins Return on Equity Return on Assets
indie Semiconductor-62.64% -27.25% -14.78%
Canaan -93.62%-98.53%-57.74%

67.7% of indie Semiconductor shares are held by institutional investors. Comparatively, 70.1% of Canaan shares are held by institutional investors. 5.6% of indie Semiconductor shares are held by company insiders. Comparatively, 0.3% of Canaan shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

In the previous week, indie Semiconductor had 1 more articles in the media than Canaan. MarketBeat recorded 5 mentions for indie Semiconductor and 4 mentions for Canaan. indie Semiconductor's average media sentiment score of 0.74 beat Canaan's score of 0.39 indicating that indie Semiconductor is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
indie Semiconductor
1 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Canaan
0 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

indie Semiconductor presently has a consensus target price of $6.08, indicating a potential upside of 64.41%. Canaan has a consensus target price of $2.67, indicating a potential upside of 311.71%. Given Canaan's higher probable upside, analysts clearly believe Canaan is more favorable than indie Semiconductor.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
indie Semiconductor
0 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.86
Canaan
0 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.63

Summary

indie Semiconductor beats Canaan on 11 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CAN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CAN vs. The Competition

MetricCanaanFIN IndustryFinance SectorNASDAQ Exchange
Market Cap$224.93M$7.37B$12.03B$8.87B
Dividend YieldN/A4.89%5.58%4.10%
P/E Ratio-0.6417.8319.9519.90
Price / Sales0.905.0525.54113.66
Price / CashN/A20.7821.3456.90
Price / Book0.912.672.265.38
Net Income-$249.75M$304.38M$1.00B$248.50M
7 Day Performance6.49%4.95%1.75%2.06%
1 Month Performance6.11%11.14%3.79%4.86%
1 Year Performance-35.87%23.24%540.42%20.24%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
3.1151 of 5 stars
$0.65
+7.4%
$2.67
+311.7%
-35.9%$224.93M$269.32M-0.64350
INDI
indie Semiconductor
1.9291 of 5 stars
$3.56
-2.2%
$6.08
+70.9%
-39.5%$756.54M$216.68M-4.75400
CSIQ
Canadian Solar
3.0255 of 5 stars
$11.04
-2.6%
$14.74
+33.5%
-14.4%$739.35M$5.99B-22.081,224
SHLS
Shoals Technologies Group
4.0457 of 5 stars
$4.25
-10.1%
$8.45
+98.8%
-8.8%$710.52M$399.21M35.421,290Gap Down
High Trading Volume
ICHR
Ichor
4.5388 of 5 stars
$19.64
+0.7%
$34.00
+73.1%
-43.7%$670.12M$892.12M-40.922,380
BKSY
BlackSky Technology
1.1613 of 5 stars
$20.68
+6.1%
$21.67
+4.8%
+145.3%$654.52M$102.09M-8.05210High Trading Volume
IMOS
Chipmos Technologies
2.7676 of 5 stars
$18.11
-2.2%
N/A-27.9%$649.43M$692.20M18.485,898Positive News
High Trading Volume
CLFD
Clearfield
1.3163 of 5 stars
$43.41
+2.2%
$46.75
+7.7%
+19.3%$600.36M$166.71M-310.071,130News Coverage
AIOT
PowerFleet
2.862 of 5 stars
$4.31
-3.4%
$10.50
+143.6%
N/A$574.83M$362.52M-10.022,518
SKYT
SkyWater Technology
0.9607 of 5 stars
$9.84
-0.5%
$11.67
+18.6%
+42.8%$472.62M$342.27M-57.88590Gap Down
KE
Kimball Electronics
3.5015 of 5 stars
$19.23
flat
$22.75
+18.3%
-6.5%$468.83M$1.71B27.087,000

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This page (NASDAQ:CAN) was last updated on 7/3/2025 by MarketBeat.com Staff
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