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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
$314.23M
Enterprise Value$235.54M
Total Cash (Recent Filing)$54.65M
Total Debt (Recent Filing)$63.06M
Price to Earnings (P/E)―
Beta2.08
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. Volume14,300,084
30 Day Avg. Volume13,440,942
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.53
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market Cap0.75
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-0.98
Enterprise Value/Ebitda0.17
Forecast
1Y Price Target
$5.00Price Target Upside358.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
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Canaan News
PremiumCompany Announcements
Canaan Inc. Secures $200 Million in Strategic Financing---
Bulls Say, Bears Say
Bulls Say
Innovation And ExpansionCanaan announced a 30MW joint mining project expected to add significant capacity, aligning with its goal of expanding self-mining capacity in North America.
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.
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Ownership Overview
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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’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 $314.23M.
When is Canaan’s upcoming earnings report date?
Canaan’s upcoming earnings report date is Apr 09, 2025 which is in 28 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 267,510,470 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?
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 (358.72% Upside)
$5.00 (358.72% Upside)
Blogger Sentiment
Bullish
CAN Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 83.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 2.3%
Last 30 Days <0.1%
Last 30 Days <0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-30.12%
12-Months-Change
Fundamentals
Return on Equity
-87.12%
Trailing 12-Months
Asset Growth
8.19%
Trailing 12-Months
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
$5.00
▲(358.72% 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
-26.02%
reiterated a buy rating 8 days ago
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 -26.02% per trade.
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