NASDAQ:CAN Canaan (CAN) Stock Price, News & Analysis → Bigger Than NVIDIA? (From Behind the Markets) (Ad) Free CAN Stock Alerts $1.22 +0.20 (+19.61%) (As of 06/17/2024 ET) Add Compare Share Share Today's Range$1.02▼$1.2550-Day Range$0.75▼$1.3152-Week Range$0.75▼$3.50Volume16.94 million shsAverage Volume14.72 million shsMarket Capitalization$341.87 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/Downside248.4% Upside$4.25 Price TargetShort InterestHealthy9.00% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.10Based on 5 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.2.54 out of 5 starsComputer And Technology Sector386th out of 585 stocksSemiconductors & Related Devices Industry58th out of 86 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 4.0 Short Interest Percentage of Shares Shorted9.00% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Canaan has recently decreased by 12.01%, 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 2.8 News and Social Media Coverage News SentimentCanaan has a news sentiment score of 1.10. 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 higher news sentiment than the 0.83 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Canaan this week, compared to 5 articles on an average week.Search Interest23 people have searched for CAN on MarketBeat in the last 30 days. This is an increase of 92% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Canaan to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% 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 -0.60, 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 -0.60, 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 0.82. 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 Behind the MarketsThis Weight Loss Company Can't Make Enough ProductA tiny pharmaceutical company is getting overwhelmed by a massive demand for its new weight loss marvel. They recently reported over 25,000 Americans are starting their drug each week - a 4X increase since December!Get the name of the company and their stock ticker 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 HeadlinesJune 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 RunMay 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 CompaniesMay 10, 2024 | msn.comRippy rescued: Missing dog saved after falling off North Canaan cliffMay 10, 2024 | prnewswire.comCanaan Inc. to Report First Quarter 2024 Financial Results on May 17, 2024May 9, 2024 | msn.comCanaan unveils new bitcoin-mining machine in Hong Kong as old equipment becomes less profitable after ‘halving’ eventMay 9, 2024 | msn.comDog rescued from 50 foot fall into quarry in North CanaanMay 9, 2024 | prnewswire.comCanaan Unveils the New Avalon A1566 Mining Machines at Bitcoin AsiaMay 9, 2024 | finanznachrichten.deCanaan Inc.: Canaan debuts Avalon A15 New Product SeriesMay 9, 2024 | prnewswire.comCanaan debuts Avalon A15 New Product SeriesMay 8, 2024 | msn.comDog rescued from 50 foot fall into quarry in New CanaanMay 8, 2024 | msn.com‘Ruff' rescue: Dog saved after falling off cliff at North Canaan quarryMay 7, 2024 | msn.comNyberg: Photographer's New Canaan gallery embraces black and whiteMay 3, 2024 | msn.comTractor-trailer was stuck under Metro-North overpass in New CanaanMay 2, 2024 | msn.comTractor-trailer stuck under Metro-North overpass in New CanaanSee 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 Earnings5/17/2024Today6/17/2024Next Earnings (Estimated)9/03/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-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+248.4%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$211.48 million Price / Sales1.62 Cash FlowN/A Price / Cash FlowN/A Book Value$1.49 per share Price / Book0.82Miscellaneous Outstanding Shares280,220,000Free Float279,409,000Market Cap$341.87 million OptionableOptionable Beta3.11 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.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:CEVACanadian SolarNASDAQ:CSIQSMART GlobalNASDAQ:SGHChipMOS TECHNOLOGIESNASDAQ:IMOSAlpha and Omega SemiconductorNASDAQ:AOSLView All CompetitorsInstitutional OwnershipSRN 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%Vanguard Group Inc.Sold 474,191 shares on 5/10/2024Ownership: 2.262%Headlands Technologies LLCBought 190,612 shares on 5/8/2024Ownership: 0.082%View All Institutional Transactions 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 twelve months. 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 Wall Street research analysts have issued 12 month price targets for Canaan's shares. Their CAN share price targets range from $3.00 to $5.50. On average, they predict the company's share price to reach $4.25 in the next year. This suggests a possible upside of 248.4% 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 at the beginning of the year. Since then, CAN stock has decreased by 47.2% and is now trading at $1.22. View the best growth stocks for 2024 here. Are investors shorting Canaan? Canaan saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 25,210,000 shares, a drop of 12.0% from the May 15th total of 28,650,000 shares. Based on an average daily trading volume, of 10,390,000 shares, the days-to-cover ratio is presently 2.4 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 Tuesday, September 3rd 2024. View our CAN earnings forecast. How were Canaan's earnings last quarter? Canaan Inc. (NASDAQ:CAN) posted its quarterly earnings results on Friday, May, 17th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.44. The company earned $35.09 million during the quarter, compared to the consensus estimate of $30.10 million. Canaan had a negative net margin of 192.95% and a negative trailing twelve-month return on equity of 75.57%. 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), Global X Blockchain ETF (BKCH), Invesco Alerian Galaxy Crypto Economy ETF (SATO), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF), iShares Blockchain and Tech ETF (IBLC), Bitwise Crypto Industry Innovators ETF (BITQ) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). What guidance has Canaan issued on next quarter's earnings? Canaan updated its second quarter 2024 earnings guidance on Friday, May, 17th. The company provided earnings per share 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 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. 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%), 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 SRN Advisors LLC (0.26%). 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 6/18/2024 by MarketBeat.com Staff From Our PartnersBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... There's only ...Behind the Markets | SponsoredBeta testers blew this thing upThis AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and fi...Prosper Trading Academy | SponsoredUnexpected twist to Trump’s trialUnexpected Twist to Trump's Trial Most folks sense there's more to the Trump trial than meets the eye. 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