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NASDAQ:CAN

Canaan (CAN) Stock Price, News & Analysis

$1.02
-0.07 (-6.42%)
(As of 05/23/2024 ET)
Today's Range
$1.00
$1.10
50-Day Range
$0.75
$1.60
52-Week Range
$0.75
$3.50
Volume
6.46 million shs
Average Volume
16.11 million shs
Market Capitalization
$238.17 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.25

Canaan MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
316.7% Upside
$4.25 Price Target
Short Interest
Bearish
11.39% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.17mentions of Canaan in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

1.93 out of 5 stars

Computer And Technology Sector

450th out of 594 stocks

Semiconductors & Related Devices Industry

69th out of 85 stocks

CAN stock logo

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.

CAN Stock Price History

CAN Stock News Headlines

These 5 Penny Stocks Just Surged Double Digits
Meme stocks are back in focus, with Gamestop NYSE: GME and AMC Entertainment NYSE: AMC gaining triple digits in hours. The next great meme trade could be around the corner, and the stocks on this list could be the winners.
These 5 Penny Stocks Just Surged Double Digits (CAN)
Penny stocks are back in focus after meteoric surges in AMC and GME. The question is, which of these five meme stocks has what it takes to keep rising?
Crypto Miners Strike Gold in AI: Stocks to Watch
The cryptocurrency mining sector was once a symbol of booming growth and rapid innovation, but it now faces a series of daunting challenges. Rising energy costs are squeezing profit margins, and recently, the Bitcoin halving event cut the rewards to mining companies in half.
Crypto Miners Strike Gold in AI: Stocks to Watch (CAN)
Crypto mining companies are using their high-performance computing power to diversify into artificial intelligence, creating a new growth model.
Canaan Gets Left Behind In Latest Crypto Bull Run
Canaan (NASDAQ:CAN) Given "Buy" Rating at HC Wainwright
Canaan’s Strong Market Position and Positive Outlook Merit Buy Rating
Q1 2024 Canaan Inc Earnings Call
Canaan (CAN) Set to Announce Earnings on Friday
15 Biggest Publicly Traded Bitcoin Companies
Canaan debuts Avalon A15 New Product Series
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
5/23/2024
Next Earnings (Estimated)
9/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CAN
Fax
N/A
Employees
541
Year Founded
2013

Price Target and Rating

Average Stock Price Target
$4.25
High Stock Price Target
$5.50
Low Stock Price Target
$3.00
Potential Upside/Downside
+314.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-414,150,000.00
Net Margins
-192.95%
Pretax Margin
-218.14%

Debt

Sales & Book Value

Annual Sales
$211.48 million
Book Value
$1.76 per share

Miscellaneous

Free Float
232,823,000
Market Cap
$239.34 million
Optionable
Optionable
Beta
3.11

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CAN Stock Analysis - Frequently Asked Questions

Should I buy or sell Canaan stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CAN shares.
View CAN analyst ratings
or view top-rated stocks.

What is Canaan's stock price target for 2024?

2 brokerages have issued 1 year price objectives for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they anticipate the company's share price to reach $4.25 in the next twelve months. This suggests a possible upside of 316.7% from the stock's current price.
View analysts price targets for CAN
or view top-rated stocks among Wall Street analysts.

How have CAN shares performed in 2024?

Canaan's stock was trading at $2.31 on January 1st, 2024. Since then, CAN shares have decreased by 55.8% and is now trading at $1.02.
View the best growth stocks for 2024 here
.

When is Canaan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024.
View our CAN earnings forecast
.

How were Canaan's earnings last quarter?

Canaan Inc. (NASDAQ:CAN) posted its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.35) earnings per share for the quarter, hitting the consensus estimate of ($0.35). The firm earned $49.07 million during the quarter, compared to the consensus estimate of $33.90 million. Canaan had a negative trailing twelve-month return on equity of 75.57% and a negative net margin of 192.95%.

What guidance has Canaan issued on next quarter's earnings?

Canaan issued an update on its second quarter 2024 earnings guidance on Friday, May, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $70.0 million-$70.0 million, compared to the consensus revenue estimate of $70.2 million.

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?

Canaan's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (2.69%), SG Americas Securities LLC (2.31%), Vanguard Group Inc. (2.26%), Tidal Investments LLC (1.14%), Mirae Asset Global Investments Co. Ltd. (0.41%) and Quadrature Capital Ltd (0.12%).

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.

Does Canaan have any subsidiaries?
The following companies are subsidiares of Canaan: Canaan Bright Sight Co. Ltd., Canaan Convey Co. Ltd., Canaan Creative (HK) Holdings Limited, Canaan Creative (SH) Co. Ltd., Canaan Creative Co. Ltd., Canaan Creative International PTE. Ltd., Hangzhou Canaan Chuangxin Technology Co. Ltd., Hangzhou Canaan Intelligence Information Technology Co. Ltd., Langfang Creative Technology Co. Ltd., Proof of Existence, and Zhejiang Avalon Technology Co. Ltd..
Read More
This page (NASDAQ:CAN) was last updated on 5/23/2024 by MarketBeat.com Staff

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