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Canaan (CAN)
NASDAQ:CAN
Holding CAN?
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CAN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.72 - $3.50
Previous Close$2.06
Volume13.78M
Average Volume (3M)15.36M
Market Cap
$645.90M
Enterprise Value$568.04M
Total Cash (Recent Filing)¥96.15M
Total Debt (Recent Filing)¥1.43M
Price to Earnings (P/E)―
Beta2.26
Next Earnings
Apr 09, 2025EPS Estimate
-$0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.35
Shares Outstanding254,271,911
10 Day Avg. Volume21,387,285
30 Day Avg. Volume15,358,818
Standard Deviation0.45
R-Squared0.14
Alpha0.00432
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)1.50
Price to Sales (P/S)2.79
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.67Price Target Upside60.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Canaan News
PremiumCompany Announcements
Canaan Inc. Announces Strategic ADSs Sales Agreement
PremiumCompany Announcements
Canaan Expands Global Reach with AGM Agreement for Bitcoin Mining Equipment
PremiumCompany Announcements
Canaan Inc. Shows Mixed Financial Results for 2024
PremiumCompany Announcements
Canaan Inc. Announces Convertible Preferred Shares Offering
Bulls Say, Bears Say
Bulls Say
Capital EfficiencyCanaan's ability to grow its self-mining fleet at a lower capital intensity than its peers should not be overlooked.
Research And DevelopmentCanaan's R&D platform underpins the company's ability to keep pace with its larger competitors and opens the door for economies of scope over the long term.
Self-Mining ExpansionCanaan has been highly focused on self-mining expansion, particularly in North America.
Bears Say
China's EconomySoft activity data reflects weakening economic conditions, leading to a more cautious GDP growth forecast.
DemographicsAn aging population combined with uneven pension benefits and low consumption presents a significant challenge to economic growth.
Economic GrowthSlowing growth momentum is raising concerns about the stability of future economic performance.
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Ownership Overview
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Insiders
1.63% Mutual Funds
1.64% Other Institutional Investors
82.81% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CAN FAQ
What was Canaan’s price range in the past 12 months?
Canaan lowest stock price was $0.72 and its highest was $3.50 in the past 12 months.
What is Canaan’s market cap?
Currently, no data Available
When is Canaan’s upcoming earnings report date?
Canaan’s upcoming earnings report date is Apr 09, 2025 which is in 106 days.
How were Canaan’s earnings last quarter?
Canaan released its earnings results on Nov 20, 2024. The company reported -$0.015 earnings per share for the quarter, beating the consensus estimate of -$0.087 by $0.072.
Is Canaan overvalued?
According to Wall Street analysts Canaan’s price is currently Undervalued.
Does Canaan pay dividends?
Canaan does not currently pay dividends.
What is Canaan’s EPS estimate?
Canaan’s EPS estimate is -$0.08.
How many shares outstanding does Canaan have?
Canaan has 288,285,430 shares outstanding.
What happened to Canaan’s price movement after its last earnings report?
Canaan reported an EPS of -$0.015 in its last earnings report, beating expectations of -$0.087. Following the earnings report the stock price went up 5.031%.
Which hedge fund is a major shareholder of Canaan?
Among the largest hedge funds holding Canaan’s share is GMT Capital Corp. It holds Canaan’s shares valued at 99K.
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Company Description
Canaan
Canaan, Inc. designs and sells integrated circuits. It offers Kendryte AI and Avalon Miner products. The firm is a developer of supercomputing chips and the manufacturer of digital block chain computing equipment as well as the supplier of overall scheme for computer software and hardware of digital block chain. The company was founded by Li Jiaxuan, Liu Xiangfu and Zhang Nangeng in 2013 and is headquartered in Hangzhou, China.
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CAN Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlights significant achievements in revenue growth, successful product transitions, and expansion in North America. However, it also outlines challenges such as Bitcoin price volatility and inventory write-downs. Despite these challenges, the company's strategic advancements and positive future outlook contribute to a balanced sentiment.Read More>---
CAN Stock 12 Month Forecast
Average Price Target
$3.67
▲(60.26% Upside)
Technical Analysis
Best Analysts Covering CAN
1 Year
1 Year Success Rate
5/11 ratings generated profit
1 Year Average Return
+8.01%
reiterated a buy rating last month
Copying Kevin Dede's trades and holding each position for 1 Year would result in 45.45% of your transactions generating a profit, with an average return of +8.01% per trade.
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