Canaan (CAN) Stock Price, News & Analysis

Company Overview

Canaan Inc. is a technology company that designs and sells application-specific integrated circuit (ASIC) chips and hardware for cryptocurrency mining. Its products include the Avalon series of Bitcoin mining machines, which combine the company’s chips with systems for mining digital currencies.

Founded in 2013, Canaan developed the AvalonMiner, an early ASIC-based Bitcoin mining machine. In addition to selling mining equipment and related products, the company has engaged in Bitcoin mining operations.

Canaan serves customers internationally. Its founder, Nangeng Zhang, has served as the company’s chairman and chief executive officer.

Key Stats

• Today's Range: $0.15 to $0.16
• 50-Day Range: $0.16 to $0.42
• 52-Week Range: $0.15 to $1.11
• Volume: 3.48 million shs
• Average Volume: 12.74 million shs
• Market Capitalization: $111.73 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.35
• Consensus Rating: Moderate Buy

Canaan Stock Analysis - MarketRank™

Canaan scored higher than 52% of companies evaluated by MarketBeat, and ranked 378th out of 597 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Canaan has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 1 strong buy rating, 5 buy ratings, no hold ratings, and 2 sell ratings.

Upside Potential

Canaan has a consensus price target of $1.35, representing about 736.9% upside from its current price of $0.16.

Amount of Analyst Coverage

Canaan has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Canaan are expected to grow in the coming year, from ($0.39) to ($0.10) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Canaan is -0.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canaan is -0.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Canaan has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.42% of the float of Canaan has been sold short.

Short Interest Ratio / Days to Cover

Canaan has a short interest ratio ("days to cover") of 11.14, which indicates bearish sentiment.

Change versus previous month

Short interest in Canaan has recently increased by 2.90%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Canaan does not currently pay a dividend.

Dividend Growth

Canaan does not have a long track record of dividend growth.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.24

News Sentiment

Canaan has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Canaan this week, compared to 5 articles on an average week.

Search Interest

Only 8 people have searched for CAN on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Canaan insiders have not sold or bought any company stock.

Percentage Held by Insiders

0.29% of the stock of Canaan is held by insiders.

Percentage Held by Institutions

70.14% of the stock of Canaan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 11/10/2026
• Today: 11/13/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Technology Hardware, Storage & Peripherals
• Sub-Industry: Technology Hardware, Storage & Peripherals
• Current Symbol: NASDAQ:CAN
• CIK: 1780652
• Web: www.canaan.io
• Phone: (656) 305-6618
• Fax: N/A
• Employees: 399
• Year Founded: 2013

Price Target and Rating

• Average Price Target for Canaan: $1.35
• High Price Target: $2.00
• Low Price Target: $0.75
• Potential Upside/Downside: +771.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.38)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$210.27 million
• Net Margins: -86.26%
• Pretax Margin: -66.27%
• Return on Equity: -68.58%
• Return on Assets: -48.23%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 2.86
• Quick Ratio: 1.67

Sales & Book Value

• Annual Sales: $529.73 million
• Price / Sales: 0.21
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.61 per share
• Price / Book: 0.25

Miscellaneous

• Outstanding Shares: 716,210,000
• Free Float: 714,130,000
• Market Cap: $111.01 million
• Optionable: Optionable
• Beta: 2.56