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Canaan (CAN) Competitors

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$0.70 +0.05 (+7.92%)
Closing price 03:59 PM Eastern
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$0.70 +0.01 (+0.72%)
As of 04:58 PM Eastern
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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 superior investment? We will compare the two companies based on the strength of their dividends, media sentiment, valuation, earnings, institutional ownership, analyst recommendations, risk and profitability.

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 0.54 beat Canaan's score of 0.07 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)
1 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 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$216.68M3.67-$132.60M-$0.75-4.99
Canaan$269.32M0.97-$249.75M-$1.02-0.69

67.7% of indie Semiconductor shares are owned by institutional investors. Comparatively, 70.1% of Canaan shares are owned by institutional investors. 5.6% of indie Semiconductor shares are owned by company insiders. Comparatively, 0.3% of Canaan shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

indie Semiconductor currently has a consensus price target of $6.08, indicating a potential upside of 62.44%. Canaan has a consensus price target of $2.67, indicating a potential upside of 281.50%. 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

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%

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

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$241.52M$7.44B$12.03B$8.96B
Dividend YieldN/A4.81%5.57%4.08%
P/E Ratio-0.6914.8218.7819.61
Price / Sales0.975.2025.62119.62
Price / CashN/A21.6621.5057.47
Price / Book0.982.722.285.67
Net Income-$249.75M$304.38M$1.00B$248.47M
7 Day Performance14.93%6.78%2.31%2.90%
1 Month Performance14.52%13.02%4.37%5.75%
1 Year Performance-30.79%24.93%541.13%21.36%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
3.1099 of 5 stars
$0.70
+7.9%
$2.67
+281.5%
-35.9%$241.52M$269.32M-0.69350High Trading Volume
INDI
indie Semiconductor
1.9655 of 5 stars
$3.56
-2.2%
$6.08
+70.9%
-39.5%$756.54M$216.68M-4.75400
CSIQ
Canadian Solar
2.8826 of 5 stars
$11.04
-2.6%
$14.74
+33.5%
-14.4%$739.35M$5.99B-22.081,224
SHLS
Shoals Technologies Group
4.1541 of 5 stars
$4.25
-10.1%
$8.45
+98.8%
-8.8%$710.52M$399.21M35.421,290Gap Up
High Trading Volume
ICHR
Ichor
4.528 of 5 stars
$19.64
+0.7%
$34.00
+73.1%
-43.7%$670.12M$892.12M-40.922,380
BKSY
BlackSky Technology
1.3372 of 5 stars
$20.68
+6.1%
$21.67
+4.8%
+145.3%$654.52M$102.09M-8.05210High Trading Volume
IMOS
Chipmos Technologies
2.5124 of 5 stars
$18.11
-2.2%
N/A-27.9%$649.43M$692.20M18.485,898High Trading Volume
CLFD
Clearfield
1.1841 of 5 stars
$43.41
+2.2%
$46.75
+7.7%
+19.3%$600.36M$166.71M-310.071,130News Coverage
AIOT
PowerFleet
2.7132 of 5 stars
$4.31
-3.4%
$10.50
+143.6%
N/A$574.83M$362.52M-10.022,518
SKYT
SkyWater Technology
1.0211 of 5 stars
$9.84
-0.5%
$11.67
+18.6%
+42.8%$472.62M$342.27M-57.88590
KE
Kimball Electronics
3.4672 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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