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The latest update is out from Canaan ( (CAN) ).
On January 14, 2026, Canaan Inc. received a notice from Nasdaq that the company was not in compliance with the exchange’s minimum bid price rule after its American depositary shares traded below US$1.00 for 30 consecutive business days, a development that underscores ongoing pressure on the crypto‑mining hardware maker’s market valuation. Nasdaq has granted Canaan a 180‑day grace period, until July 13, 2026, to lift its ADS closing bid price back to at least US$1.00 for 10 straight trading days, with the possibility of an additional compliance period subject to a transfer application and other listing conditions; failure to remedy the deficiency could ultimately lead to delisting, although the ADSs remain listed and trading on the Nasdaq Global Market while the company monitors its share price and considers measures such as a potential reverse stock split to preserve its listing status.
The most recent analyst rating on (CAN) stock is a Hold with a $1.75 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 Neutral.
Canaan’s overall stock score is primarily impacted by its financial challenges, including negative profit margins and cash flows. Despite strong recent earnings performance and optimistic guidance, the stock’s valuation remains unattractive due to ongoing losses. Technical indicators suggest potential bearish momentum, further weighing on the score.
To see Spark’s full report on CAN stock, click here.
More about Canaan
Canaan Inc., founded in 2013 and listed on the Nasdaq Global Market since 2019, is a technology company specializing in ASIC high‑performance computing chip design, research and development, computing equipment production, and associated software services, with a strong presence in cryptocurrency mining hardware under its Avalon brand.
Average Trading Volume: 32,920,121
Technical Sentiment Signal: Sell
Current Market Cap: $491.5M
See more data about CAN stock on TipRanks’ Stock Analysis page.