CAN vs. CEVA, EBON, ICHR, INDI, SHLS, BELFA, IMOS, NVTS, VREX, and CLFD
Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include CEVA (CEVA), Ebang International (EBON), Ichor (ICHR), indie Semiconductor (INDI), Shoals Technologies Group (SHLS), Bel Fuse (BELFA), ChipMOS TECHNOLOGIES (IMOS), Navitas Semiconductor (NVTS), Varex Imaging (VREX), and Clearfield (CLFD).
CEVA (NASDAQ:CEVA) and Canaan (NASDAQ:CAN) are both small-cap computer and technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, dividends, profitability, community ranking, analyst recommendations, institutional ownership, media sentiment, risk and valuation.
CEVA has a net margin of -12.91% compared to CEVA's net margin of -192.95%. Canaan's return on equity of -5.70% beat CEVA's return on equity.
In the previous week, CEVA had 9 more articles in the media than Canaan. MarketBeat recorded 10 mentions for CEVA and 1 mentions for Canaan. Canaan's average media sentiment score of 0.34 beat CEVA's score of 0.25 indicating that CEVA is being referred to more favorably in the media.
CEVA has higher earnings, but lower revenue than Canaan. CEVA is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.
CEVA has a beta of 1.15, indicating that its share price is 15% more volatile than the S&P 500. Comparatively, Canaan has a beta of 3.09, indicating that its share price is 209% more volatile than the S&P 500.
CEVA received 604 more outperform votes than Canaan when rated by MarketBeat users. Likewise, 75.00% of users gave CEVA an outperform vote while only 61.11% of users gave Canaan an outperform vote.
85.4% of CEVA shares are owned by institutional investors. Comparatively, 70.1% of Canaan shares are owned by institutional investors. 2.4% of CEVA shares are owned by insiders. Comparatively, 0.3% of Canaan shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
CEVA presently has a consensus price target of $27.00, suggesting a potential upside of 31.26%. Canaan has a consensus price target of $4.25, suggesting a potential upside of 300.94%. Given CEVA's stronger consensus rating and higher probable upside, analysts clearly believe Canaan is more favorable than CEVA.
Summary
CEVA beats Canaan on 13 of the 18 factors compared between the two stocks.
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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.
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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