Canaan Inc. (CAN)
NASDAQ:CAN
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CAN Stock Chart & Stats
$0.57
-$0.20(-9.43%)
At close: 4:00 PM EST
$0.57
-$0.20(-9.43%)
Day’s Range― - ―
52-Week Range$0.31 - $2.22
Previous CloseN/A
Volume10.17M
Average Volume (3M)9.88M
Market Cap
$231.28M
Enterprise Value$207.20M
Total Cash (Recent Filing)$80.78M
Total Debt (Recent Filing)$54.90M
Price to Earnings (P/E)―
Beta2.05
Next Earnings
Aug 13, 2026EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.48
Shares Outstanding749,194,900
10 Day Avg. Volume10,126,319
30 Day Avg. Volume9,879,751
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.74
Price to Sales (P/S)0.61
P/FCF Ratio0.00
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue0.39
Enterprise Value/Gross Profit5.03
Enterprise Value/Ebitda-1.19
Forecast
1Y Price Target
$1.30Price Target Upside128.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$319.25M
Bulls Say, Bears Say
Bulls Say
Asset AcquisitionAcquisition of significant stakes in three Texas bitcoin mining sites expands self-mining capacity and supports direct bitcoin production.
Power StrategyOwning and operating dedicated power at those sites enables deployment of next-generation miners for self-mining and helps reduce inventory risk.
Sales MomentumRecord shipment volume to a major North American customer drove a strong revenue quarter, demonstrating robust demand for the company's rigs.
Bears Say
Capital Needs And DilutionOngoing financing requirements for research and manufacturing may necessitate equity issuance, increasing the risk of shareholder dilution.
Competitive Pressure And Secondary MarketLarge miners shifting into high-performance computing and a potential flood of used miners could depress demand and pricing for new equipment.
Revenue OutlookManagement's guidance implies a steep sequential revenue decline, heightening concerns about near-term top-line momentum.
Canaan News
CAN FAQ
What was Canaan Inc.’s price range in the past 12 months?
Canaan Inc. lowest stock price was $0.31 and its highest was $2.22 in the past 12 months.
What is Canaan Inc.’s market cap?
Canaan Inc.’s market cap is $231.28M.
When is Canaan Inc.’s upcoming earnings report date?
Canaan Inc.’s upcoming earnings report date is Aug 13, 2026 which is in 59 days.
How were Canaan Inc.’s earnings last quarter?
Canaan Inc. released its earnings results on May 19, 2026. The company reported -$0.123 earnings per share for the quarter, missing the consensus estimate of -$0.027 by -$0.096.
Is Canaan Inc. overvalued?
According to Wall Street analysts Canaan Inc.’s price is currently Undervalued.
Does Canaan Inc. pay dividends?
Canaan Inc. pays a Notavailable dividend of $0.38 which represents an annual dividend yield of N/A. See more information on Canaan Inc. dividends here
What is Canaan Inc.’s EPS estimate?
Canaan Inc.’s EPS estimate is -0.07.
How many shares outstanding does Canaan Inc. have?
Canaan Inc. has 749,194,900 shares outstanding.
What happened to Canaan Inc.’s price movement after its last earnings report?
Canaan Inc. reported an EPS of -$0.123 in its last earnings report, missing expectations of -$0.027. Following the earnings report the stock price went down -13.485%.
Which hedge fund is a major shareholder of Canaan Inc.?
Currently, no hedge funds are holding shares in CAN
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Canaan Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$1.30 (128.07% Upside)
$1.30 (128.07% Upside)
Blogger Sentiment
Bullish
CAN Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 98.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 3.7%
Last 30 Days ▼ 3.7%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-54.35%
12-Months-Change
Fundamentals
Return on Equity
-55.92%
Trailing 12-Months
Asset Growth
-5.92%
Trailing 12-Months
Company Description
Canaan Inc.
Canaan Inc. operates as a holding company, primarily engaged in the design, production, and sale of Bitcoin mining hardware, in addition to supplying various associated services. A key focus for the company is the advancement and implementation of environmentally conscious mining practices. This firm was co-founded by Jia Xuan Li, Xiang Fu Liu, and Nan Geng Zhang on January 19, 2013, and its corporate headquarters are situated in Singapore.
CAN Company Deck
CAN Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a balanced picture: the company executed several strategic initiatives (notably the ABC JV acquisition, strong YoY installed hash growth, A16 product progress, channel expansion and meaningful expense reductions) that strengthen its long-term positioning in energy-enabled computing infrastructure. At the same time, near-term financials were hurt by market-driven events — a sharp BTC price decline, a $25M inventory write-down, a $41M fair-value loss on digital assets and a sizable adjusted EBITDA loss (~$76M) — and management guided to lower revenues for Q2. Overall the company emphasized resilience, discipline and strategic progress but acknowledged meaningful short-term headwinds.View all CAN earnings summariesCAN Stock 12 Month Forecast
Average Price Target
$1.30
▲(128.07% Upside)
Technical Analysis
Ownership Overview
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Insiders
0.04% Mutual Funds
7.82% Other Institutional Investors
83.53% Public Companies and Individual Investors