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Canaan (CAN)
NASDAQ:CAN
CAN Stock Chart & Stats
Day’s Range― - ―
52-Week Range$0.69 - $3.27
Previous CloseN/A
Volume10.17M
Average Volume (3M)15.88M
Market Cap
$220.34M
Enterprise Value$516.10M
Total Cash (Recent Filing)$258.94M
Total Debt (Recent Filing)$1.05B
Price to Earnings (P/E)―
Beta2.01
Next Earnings
May 23, 2025EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.91
Shares Outstanding352,121,340
10 Day Avg. Volume16,262,757
30 Day Avg. Volume15,877,146
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 Cap2.34
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-2.14
Enterprise Value/Ebitda-2.10
Forecast
1Y Price Target
$4.50Price Target Upside508.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
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Bulls Say, Bears Say
Bulls Say
Financial PerformanceCanaan reported its highest quarterly revenue in five quarters, with a year-over-year rise of 120.9%.
InnovationInnovation continues with the fall-winter launch of the newest-gen A16 miner, targeting approximately 300Th/s, bolstered by multiple technical advancements.
Market DemandConsumer demand drove sales of over 10,000 Nano 3 mining heaters, generating $1.4M in revenue, exemplifying Canaan's innovative spirit.
Bears Say
Inventory ManagementDespite the strong signal management sent, the recommendation remains comfortable with a $3 price target until solid numbers for the 2024 full year are available.
Pricing PressureSelling through the Avalon A14 inventory pressured pricing to the $8.58/Th level in 3Q24, by our calculations.
Regulatory ChallengesCanaan anticipated regulatory hurdles and associated customs restrictions the new administration's trade policies might incur by aligning its supply chain with its Malaysian manufacturing.
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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 $0.69 and its highest was $3.27 in the past 12 months.
What is Canaan’s market cap?
Canaan’s market cap is $220.34M.
When is Canaan’s upcoming earnings report date?
Canaan’s upcoming earnings report date is May 23, 2025 which is in 42 days.
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 -0.07.
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 (508.11% Upside)
$4.50 (508.11% 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 ▼ 1.4%
Last 30 Days ▲ 2.5%
Last 30 Days ▲ 2.5%
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.33%
12-Months-Change
Fundamentals
Return on Equity
-81.29%
Trailing 12-Months
Asset Growth
-6.14%
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|Positive
Canaan Inc. experienced a strong Q4 2024 with record revenue and significant growth in both mining operations and product sales. The expansion into North America and the successful launch of new products were key highlights. However, challenges such as inventory write-downs, regulatory uncertainties, and high operating expenses were noted. Despite these challenges, the company's positive cash flow and EBITDA profitability indicate a strong outlook.Read More>---
CAN Stock 12 Month Forecast
Average Price Target
$4.50
▲(508.11% Upside)
Technical Analysis
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Best Analysts Covering CAN
1 Year
1 Year Success Rate
1/13 ratings generated profit
1 Year Average Return
-37.34%
reiterated a buy rating 15 days ago
Copying Kevin Dede's trades and holding each position for 1 Year would result in 7.69% of your transactions generating a profit, with an average return of -37.34% per trade.
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