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Canaan (CAN)
NASDAQ:CAN
CAN Stock Chart & Stats
Day’s Range― - ―
52-Week Range$0.72 - $3.27
Previous CloseN/A
Volume10.17M
Average Volume (3M)13.44M
Market Cap
$308.47M
Enterprise Value$235.54M
Total Cash (Recent Filing)$54.65M
Total Debt (Recent Filing)$63.06M
Price to Earnings (P/E)―
Beta1.96
Next Earnings
Mar 26, 2025EPS Estimate
-0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.35
Shares Outstanding352,121,340
10 Day Avg. Volume17,060,881
30 Day Avg. Volume13,435,077
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.15
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market Cap0.76
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-0.98
Enterprise Value/Ebitda0.17
Forecast
1Y Price Target
$4.50Price Target Upside378.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
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Bulls Say, Bears Say
Bulls Say
Business ExpansionCanaan announced a 30MW joint mining project with Luna Squares in Texas, expected to add 1.6Eh/s, aligning with the company’s goal of reaching 10Eh/s self-mining capacity in North America.
Financial LiquidityCanaan holds $77M in cash and 1,221 BTC, providing liquidity to support operations and growth initiatives.
Revenue GrowthCanaan reported its highest quarterly revenue in five quarters, with a year-over-year rise of 120.9%.
Bears Say
Pricing PressureSelling through the Avalon A14 inventory pressured pricing to the $8.58/Th level in 3Q24, by our calculations.
Target Price ConcernsDespite the strong signal management sent, the recommendation remains comfortable with a $3 price target until solid numbers for the 2024 full year are available.
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Ownership Overview
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Insiders
2.09% Mutual Funds
2.34% Other Institutional Investors
82.39% 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 $3.27 in the past 12 months.
What is Canaan’s market cap?
Canaan’s market cap is $308.47M.
When is Canaan’s upcoming earnings report date?
Canaan’s upcoming earnings report date is Mar 26, 2025 which is 2 days ago.
How were Canaan’s earnings last quarter?
Canaan released its earnings results on Mar 26, 2025. The company reported -$0.265 earnings per share for the quarter, missing the consensus estimate of -$0.09 by -$0.175.
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 -0.09.
How many shares outstanding does Canaan have?
Canaan has 352,121,340 shares outstanding.
What happened to Canaan’s price movement after its last earnings report?
Canaan reported an EPS of -$0.265 in its last earnings report, missing expectations of -$0.09. Following the earnings report the stock price went down -12.963%.
Which hedge fund is a major shareholder of Canaan?
Currently, no hedge funds are holding shares in CAN
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Canaan Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$4.50 (378.72% Upside)
$4.50 (378.72% Upside)
Blogger Sentiment
Bullish
CAN Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 83.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.94%
12-Months-Change
Fundamentals
Return on Equity
-81.29%
Trailing 12-Months
Asset Growth
8.19%
Trailing 12-Months
Company Description
Canaan
Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment 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; and distribution of artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
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CAN Earnings Call
Q4 2025
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
$4.50
▲(378.72% Upside)
Technical Analysis
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Best Analysts Covering CAN
1 Year
1 Year Success Rate
2/13 ratings generated profit
1 Year Average Return
-30.40%
reiterated a buy rating yesterday
Copying Kevin Dede's trades and holding each position for 1 Year would result in 15.38% of your transactions generating a profit, with an average return of -30.40% per trade.
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