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Canaan Inc. (CAN)
:CAN
CAN Stock Chart & Stats
Day’s Range― - ―
52-Week Range$0.72 - $3.27
Previous CloseN/A
Volume10.17M
Average Volume (3M)14.80M
Market Cap
$516.03M
Enterprise Value$235.54M
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta2.03
Next Earnings
Apr 09, 2025EPS Estimate
-0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.35
Shares Outstanding267,510,470
10 Day Avg. Volume10,244,751
30 Day Avg. Volume14,804,610
Standard Deviation0.45
R-Squared0.15
Alpha0.00969
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.15
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market Cap0.46
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-0.98
Enterprise Value/Ebitda-0.89
Forecast
1Y Price Target
$5.00Price Target Upside199.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
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Bulls Say, Bears Say
Bulls Say
Product ExpansionThe A15 series debuted with strong initial deliveries and doubled the company’s publicly traded North American client count.
Revenue GrowthCanaan reported its highest quarterly revenue in five quarters, with a year-over-year rise of 120.9%.
Bears Say
Financial GuidanceDespite 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
―
Insiders
2.60% Mutual Funds
3.06% Other Institutional Investors
77.24% 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 Inc.’s price range in the past 12 months?
Canaan Inc. lowest stock price was $0.72 and its highest was $3.27 in the past 12 months.
What is Canaan Inc.’s market cap?
Canaan Inc.’s market cap is $516.03M.
When is Canaan Inc.’s upcoming earnings report date?
Canaan Inc.’s upcoming earnings report date is Apr 09, 2025 which is in 45 days.
How were Canaan Inc.’s earnings last quarter?
Canaan Inc. 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 Inc. overvalued?
According to Wall Street analysts Canaan Inc.’s price is currently Undervalued.
Does Canaan Inc. pay dividends?
Canaan Inc. does not currently pay dividends.
What is Canaan Inc.’s EPS estimate?
Canaan Inc.’s EPS estimate is -0.08.
How many shares outstanding does Canaan Inc. have?
Canaan Inc. has 267,510,470 shares outstanding.
What happened to Canaan Inc.’s price movement after its last earnings report?
Canaan Inc. 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 Inc.?
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:
$5.00 (199.40% Upside)
$5.00 (199.40% Upside)
Blogger Sentiment
Bullish
CAN Sentiment 70%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 83.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.6%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.64%
12-Months-Change
Fundamentals
Return on Equity
-87.12%
Trailing 12-Months
Asset Growth
8.19%
Trailing 12-Months
Company Description
Canaan Inc.
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
$5.00
▲(199.40% Upside)
Technical Analysis
Riot Platforms
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Best Analysts Covering CAN
1 Year
1 Year Success Rate
3/12 ratings generated profit
1 Year Average Return
-11.23%
reiterated a buy rating last month
Copying Kevin Dede's trades and holding each position for 1 Year would result in 25.00% of your transactions generating a profit, with an average return of -11.23% per trade.
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