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Canaan (CAN) Stock Price, News & Analysis

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$0.63 -0.07 (-9.38%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$0.64 +0.00 (+0.54%)
As of 05/23/2025 08:00 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
$0.63
$0.68
50-Day Range
$0.60
$1.08
52-Week Range
$0.53
$3.27
Volume
32.99 million shs
Average Volume
13.42 million shs
Market Capitalization
$178.41 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.90
Consensus Rating
Moderate Buy

Company Overview

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.

Canaan Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
52nd Percentile Overall Score

CAN MarketRank™: 

Canaan scored higher than 52% of companies evaluated by MarketBeat, and ranked 421st out of 649 stocks in the computer and technology 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 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Canaan has only been the subject of 4 research reports in the past 90 days.

  • 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 -0.47, 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 -0.47, 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 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    7.71% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canaan has recently increased by 22.60%, indicating that investor sentiment is decreasing significantly.
  • 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

    7.71% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Canaan has recently increased by 22.60%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Canaan has a news sentiment score of 0.07. 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 0.81 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 29 news articles for Canaan this week, compared to 9 articles on an average week.
  • Search Interest

    16 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
  • MarketBeat Follows

    11 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is an increase of 83% 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

Memorial Day Sale! 82% Off Disruptors and Dominators!
Nvidia's robot breakthrough, unveiled by CEO Jensen Huang at CES, could spark a $24T revolution. He said the "ChatGPT moment" for robotics is near. I believe the lives of 65M Americans could be impacted – this year. And one $7 stock could be the biggest winner.
History comes alive: New Canaan
CANAAN DOGS: THE ULTIMATE DESERT DOG
Canaan Inc. (NASDAQ:CAN) Q1 2025 Earnings Call Transcript
See More Headlines

CAN Stock Analysis - Frequently Asked Questions

Canaan's stock was trading at $2.05 on January 1st, 2025. Since then, CAN shares have decreased by 69.1% and is now trading at $0.6336.
View the best growth stocks for 2025 here
.

Canaan Inc. (NASDAQ:CAN) posted its quarterly earnings results on Wednesday, March, 26th. The company reported ($2.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.88) by $1.29. The company earned $88.77 million during the quarter, compared to analyst estimates of $88.50 million. Canaan had a negative trailing twelve-month return on equity of 60.37% and a negative net margin of 128.85%.
Read the conference call transcript
.

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 initial public offering (IPO) on Thursday, November 21st 2019. The company issued 10,000,000 shares at $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.

Top institutional investors of Canaan include Invesco Ltd. (2.57%), MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. (1.40%), Baader Bank Aktiengesellschaft (0.85%) and Vident Advisory LLC (0.72%).

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
5/24/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CAN
Fax
N/A
Employees
350
Year Founded
2013

Price Target and Rating

Average Stock Price Target
$2.90
High Stock Price Target
$5.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+357.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-414,150,000.00
Net Margins
-128.85%
Pretax Margin
-142.31%

Debt

Sales & Book Value

Annual Sales
$269.32 million
Price / Cash Flow
N/A
Book Value
$1.49 per share
Price / Book
0.43

Miscellaneous

Free Float
280,765,000
Market Cap
$178.41 million
Optionable
Optionable
Beta
3.26

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This page (NASDAQ:CAN) was last updated on 5/24/2025 by MarketBeat.com Staff
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