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Canaan (CAN)
NASDAQ:CAN
Holding CAN?
Track your performance easily
CAN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.72 - $3.50
Previous Close$1.08
Volume4.46M
Average Volume (3M)5.43M
Market Cap
$300.63M
Enterprise Value$216.03M
Total Cash (Recent Filing)¥96.15M
Total Debt (Recent Filing)¥1.43M
Price to Earnings (P/E)―
Beta1.68
Next Earnings
Nov 12, 2024EPS Estimate
-$0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.55
Shares Outstanding254,271,911
10 Day Avg. Volume4,160,681
30 Day Avg. Volume5,428,187
Standard Deviation0.45
R-Squared0.14
Alpha-0.00850
Financial Highlights & Ratios
Price to Book (P/B)0.79
Price to Sales (P/S)8.78
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$2.67Price Target Upside149.53% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Canaan News
PremiumCompany Announcements
Canaan Inc. Demonstrates Financial Growth
PremiumCompany Announcements
Canaan Inc. Surges with Strong Q2 PerformanceBulls Say, Bears Say
Bulls Say
Product InnovationCanaan introduced its next-generation A15 series with plans to ramp manufacturing following strong preorders.
Research And DevelopmentCanaan's R&D platform underpins the company's ability to keep pace with its larger competitors and opens the door for economies of scope over the long term.
Strategic ExpansionCanaan launched an ambitious North American target of 10Eh/s, surprising analysts and indicating strong future growth.
Bears Say
China Economic IssuesAging population and extremely uneven pension benefits are significant challenges affecting economic stability.
China GDP GrowthCautious GDP growth forecast of around 4.2% y-o-y in H2 indicates worsening economic headwinds.
Global Economic OutlookSlowing growth momentum is a concern, with potential risks of recession on the rise.
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Ownership Overview
0.00%
Insiders
2.13% Mutual Funds
16.79% Other Institutional Investors
81.08% 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 $0.72 and its highest was $3.50 in the past 12 months.
What is Canaan’s market cap?
Currently, no data Available
When is Canaan’s upcoming earnings report date?
Canaan’s upcoming earnings report date is Nov 12, 2024 which is in 54 days.
How were Canaan’s earnings last quarter?
Canaan released its earnings results on Aug 15, 2024. The company reported -$0.035 earnings per share for the quarter, missing the consensus estimate of -$0.02 by -$0.015.
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 -$0.09.
How many shares outstanding does Canaan have?
Canaan has 265,324,830 shares outstanding.
What happened to Canaan’s price movement after its last earnings report?
Canaan reported an EPS of -$0.035 in its last earnings report, missing expectations of -$0.02. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of Canaan?
Among the largest hedge funds holding Canaan’s share is GMT Capital Corp. It holds Canaan’s shares valued at 98K.
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Canaan Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$2.67 (149.53% Upside)
$2.67 (149.53% Upside)
Blogger Sentiment
Bullish
CAN Sentiment 66%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 98.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 3.4%
Last 30 Days ▼ 6.5%
Last 30 Days ▼ 6.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.47%
12-Months-Change
Fundamentals
Return on Equity
-74.69%
Trailing 12-Months
Asset Growth
-2.40%
Trailing 12-Months
Company Description
Canaan
Canaan, Inc. designs and sells integrated circuits. It offers Kendryte AI and Avalon Miner products. The firm is a developer of supercomputing chips and the manufacturer of digital block chain computing equipment as well as the supplier of overall scheme for computer software and hardware of digital block chain. The company was founded by Li Jiaxuan, Liu Xiangfu and Zhang Nangeng in 2013 and is headquartered in Hangzhou, China.
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CAN Earnings Call
Q2 2024
0:00 / 0:00
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CAN Stock 12 Month Forecast
Average Price Target
$2.67
▲(149.53% Upside)
Technical Analysis
Best Analysts Covering CAN
1 Year
1 Year Success Rate
1/10 ratings generated profit
1 Year Average Return
-31.70%
reiterated a buy rating last month
Copying Kevin Dede's trades and holding each position for 1 Year would result in 10.00% of your transactions generating a profit, with an average return of -31.70% per trade.
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