NASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis → 4x Better than Bitcoin (From Behind the Markets) (Ad) Free CAN Stock Alerts $1.52 +0.10 (+7.04%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$1.41▼$1.6350-Day Range$1.20▼$2.3152-Week Range$1.13▼$3.50Volume19.34 million shsAverage Volume15.56 million shsMarket Capitalization$354.92 millionP/E RatioN/ADividend YieldN/APrice Target$4.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Canaan alerts: Email Address Canaan MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside179.6% Upside$4.25 Price TargetShort InterestHealthy9.94% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.35Based on 6 Articles This WeekInsider 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.2.08 out of 5 starsComputer And Technology Sector440th out of 588 stocksSemiconductors & Related Devices Industry71st out of 91 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.25, Canaan has a forecasted upside of 179.6% from its current price of $1.52.Amount of Analyst CoverageCanaan has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.94% 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 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently decreased by 0.39%, 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 3.0 News and Social Media Coverage News SentimentCanaan has a news sentiment score of 0.35. 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 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Canaan this week, compared to 5 articles on an average week.Search Interest27 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 35% compared to the previous 30 days.MarketBeat Follows16 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is an increase of 45% 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. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.63, 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 -0.63, 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 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the Markets4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.Get the name of the stock here >>> 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 HeadlinesMarch 28, 2024 | msn.comPirates DFA Three Players Ahead of OpenerMarch 28, 2024 | msn.comVideo shows Canaan police rescuing deer caught in cemetery fenceMarch 29, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 28, 2024 | msn.comOver 300 hotels apply for grading, classificationMarch 26, 2024 | greenwichtime.comNew Canaan's Alex LaPolice training to run Boston Marathon in support of Team IMPACTMarch 18, 2024 | msn.comPerson taken to hospital after rail car accident in North Canaan: policeMarch 18, 2024 | msn.comBeloved New Canaan K9 Retires After Nearly 10 Years Of ServiceMarch 13, 2024 | finance.yahoo.comCanaan’s RISC-V based edge AIoT SoC adopted VeriSilicon’s ISP and GPU IPsMarch 29, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 13, 2024 | businesswire.comCanaan's RISC-V based edge AIoT SoC adopted VeriSilicon's ISP and GPU IPsMarch 13, 2024 | greenwichtime.comNew Canaan boys swimming wins fourth straight Class L championshipMarch 12, 2024 | msn.comCanaan Union Depot: One of the oldest surviving union depotsMarch 3, 2024 | msn.comAnnual Hometown Brewfest held at Canaan Valley ResortMarch 1, 2024 | finance.yahoo.comCanaan Full Year 2023 Earnings: Revenues Beat Expectations, EPS LagsFebruary 28, 2024 | finance.yahoo.comCanaan Inc. (NASDAQ:CAN) Q4 2023 Earnings Call TranscriptFebruary 27, 2024 | finance.yahoo.comWhile institutions own 24% of Canaan Inc. (NASDAQ:CAN), retail investors are its largest shareholders with 58% ownershipFebruary 27, 2024 | prnewswire.comCanaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial ResultsFebruary 26, 2024 | benzinga.comEarnings Outlook For CanaanFebruary 26, 2024 | msn.comCanaan Q4 2023 Earnings PreviewFebruary 26, 2024 | markets.businessinsider.comHere's what to expect from Canaan A's earningsFebruary 21, 2024 | msn.comNew Canaan Man Charged After 110 MPH Police Pursuit In TollandFebruary 21, 2024 | msn.comBucs Arghticles: Pirates OF Canaan Smith-Njigba talks ‘wild’ offseasonFebruary 20, 2024 | finance.yahoo.comCanaan Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024February 20, 2024 | prnewswire.comCanaan Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024February 19, 2024 | msn.comPirates Claim Canaan Smith-Njigba Off Waivers From MarinersFebruary 19, 2024 | msn.comCanaan Smith-Njigba: Pittsburgh Pirates claim outfielder off waivers from Seattle MarinersFebruary 19, 2024 | msn.comPittsburgh Pirates Welcome Back Canaan Smith-Njigba, Claim Outfielder Off WaiversSee 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 Earnings2/27/2024Today3/29/2024Next Earnings (Estimated)5/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:CAN CUSIPN/A CIK1780652 Webcanaan-creative.com Phone86-010-6097-4080FaxN/AEmployees541Year 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+179.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($2.40) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-414,150,000.00 Net Margins-195.84% Pretax Margin-220.12% Return on Equity-80.13% Return on Assets-63.43% Debt Debt-to-Equity RatioN/A Current Ratio2.69 Quick Ratio1.64 Sales & Book Value Annual Sales$211.48 million Price / Sales1.68 Cash Flow$0.78 per share Price / Cash Flow1.94 Book Value$1.49 per share Price / Book1.02Miscellaneous Outstanding Shares233,500,000Free Float232,823,000Market Cap$354.92 million OptionableOptionable Beta3.02 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.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 CompetitorsTransphormNASDAQ:TGANArterisNASDAQ:AIPNVENASDAQ:NVECValens SemiconductorNYSE:VLNQuickLogicNASDAQ:QUIKView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 1,190,557 shares on 3/27/2024Ownership: 0.545%Quadrature Capital LtdBought 66,302 shares on 3/25/2024Ownership: 0.028%Vanguard Group Inc.Sold 530,966 shares on 3/11/2024Ownership: 2.465%Wellington Management Group LLPSold 24,857 shares on 3/5/2024Ownership: 0.043%Goldman Sachs Group Inc.Bought 757,897 shares on 3/1/2024Ownership: 0.449%View All Institutional Transactions CAN Stock Analysis - Frequently Asked Questions Should I buy or sell Canaan stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canaan in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12-month price objectives for Canaan's stock. Their CAN share price targets range from $3.00 to $5.50. On average, they predict the company's stock price to reach $4.25 in the next year. This suggests a possible upside of 179.6% 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 34.2% and is now trading at $1.52. 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 Friday, May 24th 2024. View our CAN earnings forecast. How were Canaan's earnings last quarter? Canaan Inc. (NASDAQ:CAN) issued its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.35) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.35). The business earned $49.07 million during the quarter, compared to analysts' expectations of $33.90 million. Canaan had a negative net margin of 195.84% and a negative trailing twelve-month return on equity of 80.13%. What ETFs hold Canaan's stock? ETFs with the largest weight of Canaan (NASDAQ:CAN) stock in their portfolio include VanEck Digital Assets Mining ETF (DAM), Bitwise Crypto Industry Innovators ETF (BITQ), Invesco Alerian Galaxy Crypto Economy ETF (SATO), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF), Global X Blockchain ETF (BKCH), iShares Blockchain and Tech ETF (IBLC) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). What guidance has Canaan issued on next quarter's earnings? Canaan updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $33.0 million-$33.0 million, compared to the consensus revenue estimate of $43.1 million. When did Canaan IPO? Canaan (CAN) raised $100 million in an initial public offering 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. Who are Canaan's major shareholders? Canaan's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.28%), Vanguard Group Inc. (2.47%), Van ECK Associates Corp (2.59%), SG Americas Securities LLC (2.29%), Exchange Traded Concepts LLC (1.28%) and Mirae Asset Global Investments Co. Ltd. (1.01%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 Media“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyOnly a fool would buy Nvidia today… Porter & CompanyAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canaan Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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