NASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis → Claim Your Complimentary Bitcoin Reward (From Crypto Swap Profits) (Ad) Free CAN Stock Alerts $0.89 +0.02 (+2.13%) (As of 02:40 PM ET) Add Compare Share Share Today's Range$0.84▼$0.9050-Day Range$0.75▼$2.0352-Week Range$0.75▼$3.50Volume4.80 million shsAverage Volume17.18 million shsMarket Capitalization$208.26 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/Downside389.5% Upside$4.25 Price TargetShort InterestHealthy10.88% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.02Based on 2 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.2.49 out of 5 starsComputer And Technology Sector367th out of 592 stocksSemiconductors & Related Devices Industry59th out of 88 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 received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted10.88% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently decreased by 5.47%, indicating that investor sentiment is improving significantly. 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 1.7 News and Social Media Coverage News SentimentCanaan has a news sentiment score of 0.02. 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 0.36 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Canaan this week, compared to 6 articles on an average week.Search InterestOnly 8 people have searched for CAN on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.MarketBeat Follows12 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canaan is -0.36, 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 -0.36, 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 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceHave You Seen Elon’s New A.I. Device? (Picture Inside)A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day. Elon believes A.I. is advancing so fast...This strange new device to protect us against that A.I. threat... 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 HeadlinesMay 2, 2024 | msn.comTractor-trailer stuck under Metro-North overpass in New CanaanApril 28, 2024 | sfgate.comNo. 1 New Canaan rebounds, defeats No. 3 Darien with faceoff boost from JT O'Neil,May 2, 2024 | Stansberry Research (Ad)Urgent dollar warningYour 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.April 25, 2024 | sfgate.comCT Girls Lacrosse Coaches Poll (April 23): No. 1 Darien, No. 2 New Canaan clash ThursdayApril 24, 2024 | msn.comCO Scares Prompts New Canaan Fire To Remind Residents To Turn Off Vehicles In GarageApril 22, 2024 | msn.comBitcoin-Linked Canaan Stock Is Moving Higher Monday: What's Going On?April 22, 2024 | prnewswire.comCanaan Announces Proposed Share Purchase by ManagementApril 19, 2024 | finanznachrichten.deCanaan Inc.: Canaan Makes Statement Regarding Shelf Registration SubmissionMay 2, 2024 | Stansberry Research (Ad)Urgent dollar warningYour 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.April 19, 2024 | prnewswire.comCanaan Makes Statement Regarding Shelf Registration SubmissionApril 19, 2024 | finanznachrichten.deCanaan Inc.: Canaan Shines at Blockchain Life 2024 in DubaiApril 18, 2024 | prnewswire.comCanaan Shines at Blockchain Life 2024 in DubaiApril 18, 2024 | benzinga.comBitcoin-Linked Canaan Stock Is Tumbling Thursday: What's Going On?April 18, 2024 | investorplace.comWhy Is Canaan (CAN) Stock Down 21% Today?April 17, 2024 | prnewswire.comCanaan Inc. Files 2023 Annual Report on Form 20-FApril 17, 2024 | bizjournals.comPeninsula VC adds more than $100 million, brings on former Pfizer exec as partnerApril 17, 2024 | nj.comNo. 8 Seton Hall Prep falls to New Canaan (CT) - Boys lacrosse recapApril 17, 2024 | finance.yahoo.comCanaan hires Pfizer executive, reels in $100M for biotech investingApril 17, 2024 | finance.yahoo.comCanaan Adds Accomplished Executive and Scientist, Uwe Schoenbeck, Ph.D., Along with New Capital, to Bolster its Biopharma Investment EffortsApril 13, 2024 | msn.comBartlesville pizza scene gets a sweet addition with Lollipops Woodfire and GroceryApril 13, 2024 | greenwichtime.comThe Dish: Zach Allen at New Canaan fundraiser; Memorial taking place for beloved Greenwich coachApril 11, 2024 | msn.comRichland County Baseball Scoreboard: Whippets win a walk-off, Plymouth and Lucas also winApril 10, 2024 | msn.comJudge to consider double jeopardy claim in Michelle Troconis case, denies acquittal and new trialApril 10, 2024 | msn.comGestalt: Steam & Cinder - Official Release Date Trailer | Triple-I Initiative ShowcaseApril 9, 2024 | msn.comBoys lacrosse rankings: A string of losses by top programs has already prompted a shakeupApril 9, 2024 | msn.com3 Escape New Canaan House FireApril 7, 2024 | msn.comMichelle Troconis, convicted of conspiracy in Jennifer Dulos murder, was "fooled" by boyfriend, says sisterSee 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 Earnings2/27/2024Today5/02/2024Next 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+393.6%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 / Sales0.95 Cash FlowN/A Price / Cash FlowN/A Book Value$1.49 per share Price / Book0.58Miscellaneous Outstanding Shares233,500,000Free Float232,823,000Market Cap$201.07 million OptionableOptionable Beta3.11 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.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 CompetitorsQuickLogicNASDAQ:QUIKValens SemiconductorNYSE:VLNArterisNASDAQ:AIPAXTNASDAQ:AXTIPOET TechnologiesNASDAQ:POETView All CompetitorsInstitutional OwnershipMirae Asset Global Investments Co. Ltd.Sold 828,351 shares on 5/1/2024Ownership: 0.409%Van ECK Associates CorpBought 1,730,528 shares on 4/30/2024Ownership: 2.690%Simplex Trading LLCBought 196,600 shares on 4/25/2024Ownership: 0.000%IMC Chicago LLCBought 41,600 shares on 4/13/2024Ownership: 0.000%Nomura Holdings Inc.Bought 1,190,557 shares on 3/27/2024Ownership: 0.545%View All Institutional Transactions CAN Stock Analysis - Frequently Asked Questions Should I buy or sell Canaan stock right now? 2 Wall Street 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 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 equities research analysts have issued 1 year price objectives for Canaan's stock. Their CAN share price targets range from $3.00 to $5.50. On average, they expect the company's share price to reach $4.25 in the next twelve months. This suggests a possible upside of 389.5% 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 stock has decreased by 62.4% and is now trading at $0.8683. View the best growth stocks for 2024 here. Are investors shorting Canaan? Canaan saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 25,400,000 shares, a decline of 5.5% from the March 31st total of 26,870,000 shares. Based on an average daily volume of 17,200,000 shares, the days-to-cover ratio is currently 1.5 days. View Canaan's Short Interest. 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) posted its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.35) EPS for the quarter, hitting analysts' consensus estimates 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), VanEck Digital Transformation ETF (DAPP), Bitwise Crypto Industry Innovators ETF (BITQ), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Grayscale Future of Finance ETF (GFOF), iShares Blockchain and Tech ETF (IBLC) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). What guidance has Canaan issued on next quarter's earnings? Canaan issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS 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 (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 served 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 number of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (2.69%), Mirae Asset Global Investments Co. Ltd. (0.41%), IMC Chicago LLC (0.00%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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 5/2/2024 by MarketBeat.com Staff From Our PartnersAI finds its first serious applicationWall Street StarHealthcare Takes A Big Step Forward With The Help Of AIThe Bull ReportHave You Seen Elon’s New A.I. Device? (Picture Inside)InvestorPlaceA.I. is a Tidal Wave - Here’s What to BuyChaikin AnalyticsThe biggest energy story ever? Porter & CompanyDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill Publishing 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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