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NASDAQ:CAN

Canaan (CAN) Stock Price, News & Analysis

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$0.73 +0.04 (+6.22%)
Closing price 08/8/2025 04:00 PM Eastern
Extended Trading
$0.73 0.00 (-0.67%)
As of 08/8/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Canaan Stock (NASDAQ:CAN)

Key Stats

Today's Range
$0.70
$0.75
50-Day Range
$0.58
$0.98
52-Week Range
$0.53
$3.27
Volume
26.81 million shs
Average Volume
57.99 million shs
Market Capitalization
$273.30 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.67
Consensus Rating
Moderate Buy

Company Overview

Canaan Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
66th Percentile Overall Score

CAN MarketRank™: 

Canaan scored higher than 66% of companies evaluated by MarketBeat, and ranked 427th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Canaan has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Canaan has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Canaan's stock forecast and price target.
  • Earnings Growth

    Earnings for Canaan are expected to grow in the coming year, from ($0.74) to $0.04 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Canaan is -0.72, 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 -0.72, 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 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Canaan's valuation and earnings.
  • Percentage of Shares Shorted

    11.20% of the outstanding shares of Canaan have been sold short.
  • Short Interest Ratio / Days to Cover

    Canaan has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canaan has recently decreased by 2.09%, indicating that investor sentiment is improving.
  • Dividend Yield

    Canaan does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    11.20% of the outstanding shares of Canaan have been sold short.
  • Short Interest Ratio / Days to Cover

    Canaan has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canaan has recently decreased by 2.09%, indicating that investor sentiment is improving.
  • News Sentiment

    Canaan has a news sentiment score of 0.10. 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 0.76 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Canaan this week, compared to 10 articles on an average week.
  • Search Interest

    26 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 73% 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 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

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

  • Percentage Held by Insiders

    Only 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.

  • Read more about Canaan's insider trading history.
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CAN Stock News Headlines

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Porter Stansberry and Jeff Brown say a new U.S. national emergency is already underway — and it could trigger the biggest forced rotation of capital since World War II. They reveal why Trump is mobilizing America’s tech giants… and name the two stocks most likely to soar as trillions shift behind the scenes.
Police search for Canaan, NH burglary suspect
See More Headlines

CAN Stock Analysis - Frequently Asked Questions

Canaan's stock was trading at $2.05 at the start of the year. Since then, CAN stock has decreased by 64.2% and is now trading at $0.7329.

Canaan Inc. Sponsored ADR (NASDAQ:CAN) issued its earnings results on Wednesday, March, 26th. The company reported ($2.17) EPS for the quarter, missing analysts' consensus estimates of ($0.88) by $1.29. The business earned $88.77 million during the quarter, compared to the consensus estimate of $88.50 million. Canaan had a negative net margin of 93.62% and a negative trailing twelve-month return on equity of 98.53%.
Read the conference call transcript
.

Canaan's Board of Directors approved a stock buyback plan on Tuesday, May 27th 2025, which permits the company to repurchase $0 in outstanding shares, according to EventVestor. This permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Canaan subsidiaries include these companies: Proof of Existence, Canaan Bright Sight Co. Ltd., Canaan Convey Co. Ltd., Canaan Creative Co. Ltd., Canaan Creative (HK) Holdings Limited, Canaan Creative International PTE. Ltd., Canaan Creative (SH) Co. Ltd., and others.

Canaan (CAN) raised $100 million in an IPO on Thursday, November 21st 2019. The company issued 10,000,000 shares at a price of $9.00-$11.00 per share. Citigroup, China Renaissance and CMBI acted as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers.

Canaan's top institutional shareholders include OVERSEA CHINESE BANKING Corp Ltd (0.15%), SBI Securities Co. Ltd. (0.05%) and Simplex Trading LLC.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Canaan investors own include Zomedica (ZOM), NVIDIA (NVDA), Meta Platforms (META), PayPal (PYPL), Advanced Micro Devices (AMD) and NIO (NIO).

Company Calendar

Last Earnings
3/26/2025
Today
8/08/2025
Next Earnings (Estimated)
8/13/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Finance
Industry
FIN - MISC SVCS
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CAN
CIK
1780652
Fax
N/A
Employees
350
Year Founded
2013

Price Target and Rating

High Price Target
$5.00
Low Price Target
$1.50
Potential Upside/Downside
+263.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

EPS (Trailing Twelve Months)
($1.02)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
-$249.75 million
Net Margins
-93.62%
Pretax Margin
-69.21%
Return on Equity
-98.53%
Return on Assets
-57.74%

Debt

Debt-to-Equity Ratio
0.09
Current Ratio
1.50
Quick Ratio
1.11

Sales & Book Value

Annual Sales
$269.32 million
Price / Sales
1.01
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$0.71 per share
Price / Book
1.03

Miscellaneous

Outstanding Shares
372,900,000
Free Float
371,815,000
Market Cap
$273.30 million
Optionable
Optionable
Beta
3.25

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This page (NASDAQ:CAN) was last updated on 8/9/2025 by MarketBeat.com Staff
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