NASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis $1.06 +0.05 (+4.95%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$1.04▼$1.0950-Day Range$0.97▼$1.2252-Week Range$0.75▼$3.50Volume3.03 million shsAverage Volume13.07 million shsMarket Capitalization$297.04 millionP/E RatioN/ADividend YieldN/APrice Target$4.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Canaan alerts: Email Address Canaan MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside300.9% Upside$4.25 Price TargetShort InterestHealthy9.05% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.02 out of 5 starsComputer And Technology Sector450th out of 612 stocksSemiconductors & Related Devices Industry72nd out of 89 stocks 3.5 Analyst's Opinion Consensus RatingCanaan has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageCanaan has only been the subject of 1 research reports in the past 90 days.Read more about Canaan's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.05% of the outstanding shares of Canaan have been sold short.Short Interest Ratio / Days to CoverCanaan has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently decreased by 4.01%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCanaan does not currently pay a dividend.Dividend GrowthCanaan does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CAN. Previous Next 1.3 News and Social Media Coverage News SentimentCanaan has a news sentiment score of 0.25. 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 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Canaan this week, compared to 5 articles on an average week.Search InterestOnly 17 people have searched for CAN on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.MarketBeat FollowsOnly 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. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canaan insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.29% of the stock of Canaan is held by insiders.Percentage Held by Institutions70.14% 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. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.52, 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. SectorThe P/E ratio of Canaan is -0.52, 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 RatioCanaan has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Canaan's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIHow to build the ultimate dividend portfolioThere’s a free dividend workshop that shows how anyone can build the ultimate dividend workshop in 3 basic steps? PLUS: You’ll get the names and tickers of the Best Dividend Stocks for FREE… This way, by the time you finish the workshop you’ll be fully equipped with the knowledge to start unlocking dividend checks for yourself… Over and over again.Click here and I’ll show you how to build the ultimate dividend portfolio. About Canaan Stock (NASDAQ:CAN)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.Read More CAN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CAN Stock News HeadlinesJuly 17, 2024 | americanbankingnews.comCanaan Inc. (NASDAQ:CAN) Sees Large Increase in Short InterestJuly 16, 2024 | investorplace.com7 Decentralized Finance Stocks Disrupting BankingJuly 26, 2024 | American Hartford Gold Group (Ad)Prepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.June 26, 2024 | prnewswire.comCanaan Launches the Third Generation of Immersion Cooling Avalon Miner A1566I at Mining Disrupt 2024June 11, 2024 | investorplace.comFrom Speculation to Millionaire-Makers: 3 Penny Stocks With Bright FuturesJune 6, 2024 | prnewswire.comCanaan Inc. Secures Large Avalon Miner A1566 Purchase Order From Cipher Mining Technologies Inc.May 23, 2024 | msn.comTens Of Thousands Of Dollars Pour In For Family Of New Canaan Boy Fighting Rare DiseasesMay 22, 2024 | markets.businessinsider.comCanaan Gets Left Behind In Latest Crypto Bull RunJuly 26, 2024 | American Hartford Gold Group (Ad)Prepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.May 20, 2024 | markets.businessinsider.comCanaan’s Strong Market Position and Positive Outlook Merit Buy RatingMay 19, 2024 | msn.comCanaan Inc. (NASDAQ:CAN) Q1 2024 Earnings Call TranscriptMay 18, 2024 | finance.yahoo.comQ1 2024 Canaan Inc Earnings CallMay 17, 2024 | msn.comBitcoin Stock Canaan Up After Q1 Print, What's Going On?May 17, 2024 | msn.comCanaan reports mixed Q1 results; reaffirms Q2 and initiates Q3 outlookMay 17, 2024 | prnewswire.comCanaan Inc. Reports Unaudited First Quarter 2024 Financial ResultsMay 16, 2024 | msn.comMan arrested in connection with illegal marijuana grow operation in CanaanMay 14, 2024 | finance.yahoo.comTruveris Secures $15 Million in Series E Funding Through Canaan Partners and New Leaf Venture PartnersMay 13, 2024 | finance.yahoo.com15 Biggest Publicly Traded Bitcoin CompaniesSee More Headlines Receive CAN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canaan and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/17/2024Today7/26/2024Next Earnings (Estimated)9/03/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNASDAQ:CAN CUSIPN/A CIK1780652 Webcanaan-creative.com Phone86-010-6097-4080FaxN/AEmployees350Year Founded2013Price Target and Rating Average Stock Price Target$4.25 High Stock Price Target$5.50 Low Stock Price Target$3.00 Potential Upside/Downside+300.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($2.05) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-414,150,000.00 Net Margins-192.95% Pretax Margin-218.14% Return on Equity-75.57% Return on Assets-57.68% Debt Debt-to-Equity Ratio0.01 Current Ratio2.90 Quick Ratio2.01 Sales & Book Value Annual Sales$191.34 million Price / Sales1.55 Cash FlowN/A Price / Cash FlowN/A Book Value$1.49 per share Price / Book0.71Miscellaneous Outstanding Shares280,222,000Free Float279,409,000Market Cap$297.04 million OptionableOptionable Beta3.09 Social Links Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Nangeng Zhang (Age 41)Chairman & CEO Mr. James Jin Cheng (Age 45)Chief Financial Officer Mr. Clark S. SoucyInvestor Relations DirectorMs. Lu Meng (Age 41)Secretary of the Board Ms. Zhang XiInvestor Relations ManagerKey CompetitorsCEVANASDAQ:CEVAEbang InternationalNASDAQ:EBONindie SemiconductorNASDAQ:INDIShoals Technologies GroupNASDAQ:SHLSBel FuseNASDAQ:BELFAView All CompetitorsInstitutional OwnershipBaader Bank AktiengesellschaftBought 289,629 shares on 7/17/2024Ownership: 0.295%SG Americas Securities LLCSold 119,941 shares on 7/12/2024Ownership: 1.879%SRN Advisors LLCBought 34,382 shares on 6/14/2024Ownership: 0.264%Tidal Investments LLCSold 2,026,678 shares on 5/17/2024Ownership: 1.140%Quadrature Capital LtdBought 214,384 shares on 5/15/2024Ownership: 0.120%View All Institutional Transactions CAN Stock Analysis - Frequently Asked Questions How have CAN shares performed this year? Canaan's stock was trading at $2.31 on January 1st, 2024. Since then, CAN shares have decreased by 54.1% and is now trading at $1.06. View the best growth stocks for 2024 here. How were Canaan's earnings last quarter? Canaan Inc. (NASDAQ:CAN) released its earnings results on Friday, May, 17th. The company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.60) by $0.44. The firm had revenue of $35.09 million for the quarter, compared to analysts' expectations of $30.10 million. Canaan had a negative trailing twelve-month return on equity of 75.57% and a negative net margin of 192.95%. Does Canaan have any subsidiaries? 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. When did Canaan IPO? 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. Who are Canaan's major shareholders? Top institutional investors of Canaan include SG Americas Securities LLC (1.88%) and Baader Bank Aktiengesellschaft (0.29%). How do I buy shares of Canaan? 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. Compare Top Brokerages Here. This page (NASDAQ:CAN) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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