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An update from Canaan ( (CAN) ) is now available.
Canaan Inc. announced on October 16, 2025, that it has regained compliance with the Nasdaq minimum bid price requirement, as its American depositary shares maintained a closing bid price of $1.00 or greater for ten consecutive business days. This achievement reflects market confidence in Canaan’s strategic initiatives and operational resilience, as the company continues to expand its global market presence through significant orders and partnerships, such as a large U.S. order for Avalon A15 Pro bitcoin miners and a ‘Gas-to-Computing’ initiative in Canada.
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 Neutral.
Canaan’s overall stock score is primarily impacted by its weak financial performance, characterized by consistent losses and negative cash flows. Despite positive momentum in technical indicators and strong recent earnings performance, the company’s valuation remains unattractive due to a negative P/E ratio and no dividend yield. The earnings call provided some optimism with record revenue and positive EBITDA, but ongoing operational challenges and tariff impacts continue to pose risks.
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. Known for its pioneering work in ASIC technology, Canaan introduced the first batch of mining machines under the Avalon brand and went public on the Nasdaq Global Market in 2019.
Average Trading Volume: 48,567,282
Technical Sentiment Signal: Buy
Current Market Cap: $919.2M
See more insights into CAN stock on TipRanks’ Stock Analysis page.