Canaan Inc. Executives Boost Confidence with Share Purchases

The latest announcement is out from Canaan ( (CAN) ).

On June 9, 2025, Canaan Inc. announced that its CEO, Nangeng Zhang, and CFO, James Jin Cheng, purchased a total of 817,268 American Depositary Shares at an average price of $0.76 per share. This move reflects their confidence in the company’s long-term prospects and highlights a perceived undervaluation of the company’s stock. The share purchases are seen as a positive signal to the market, potentially strengthening investor confidence and impacting Canaan’s industry positioning.

The most recent analyst rating on (CAN) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Canaan stock, see the CAN Stock Forecast page.

Spark’s Take on CAN Stock

According to Spark, TipRanks’ AI Analyst, CAN is a Underperform.

Canaan’s overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis also points to bearish trends, further weighing on the score. Although there were positive developments in the earnings call, such as revenue growth, they are overshadowed by external challenges and strategic uncertainties.

To see Spark’s full report on CAN stock, click here.

More about Canaan

Canaan Inc., established in 2013, is a technology company specializing in ASIC high-performance computing chip design, research and development, computing equipment production, and software services. The company is known for its pioneering role in the development of ASIC technology for bitcoin mining, having introduced the first ASIC-based mining machines under the brand name Avalon. Canaan went public on the Nasdaq Global Market in 2019.

Average Trading Volume: 24,254,110

Technical Sentiment Signal: Sell

Current Market Cap: $184.2M

For a thorough assessment of CAN stock, go to TipRanks’ Stock Analysis page.