CANN Stock Chart & Stats
$7.50
-$0.23(-5.08%)
At close: 4:00 PM EDT
$7.50
-$0.23(-5.08%)
Day’s Range― - ―
52-Week Range$3.30 - $39.60
Previous CloseN/A
Volume6.32K
Average Volume (3M)3.55K
Market Cap
$3.80B
Enterprise Value$202.11
Total Cash (Recent Filing)$43.45M
Total Debt (Recent Filing)$56.55M
Price to Earnings (P/E)―
Beta-0.03
Next Earnings
Nov 17, 2026EPS Estimate
-2.55Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding749,194,900
10 Day Avg. Volume782
30 Day Avg. Volume3,546
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$33.82Price Target Upside350.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-2.22
Revenue Forecast (FY)$6.42B
Bulls Say, Bears Say
Bulls Say
Sustained Revenue AccelerationSustained, large revenue acceleration indicates renewed product demand and improving market traction. Over multiple quarters this trend supports stronger scale economics and revenue visibility, reducing execution risk for capacity expansion and R&D investments over the next several quarters.
Record Mining Machine Sales & Product TractionRecord hardware deliveries and meaningful consumer-product margins show product competitiveness and portfolio diversification. Higher unit shipments plus a consumer SKU with ~33% gross margin improve long-term revenue mix and margin sustainability as scale and product mix shift.
Operational Scale, Crypto Treasury & Capital SupportRapid hashrate growth, a sizable crypto treasury and a $72M institutional investment materially boost liquidity and optionality. Crypto holdings and capital support can fund operations, backstop expansion, and enable strategic projects (data centers, energy initiatives) beyond periodic cash-flow swings.
Bears Say
Persistent Negative Margins & Cash FlowOngoing negative gross and net margins and recurring negative operating/free cash flow indicate the company still struggles to convert revenue into sustainable profits. Over months this weak cash generation increases reliance on external funding and pressurizes investment in R&D and capex.
Nasdaq Minimum Bid Price Noncompliance RiskA formal deficiency notice elevates delisting risk, which can impair access to US capital markets, increase liquidity premia and distract management. Over the medium term this structural listing risk may force dilutive actions or corporate steps that affect strategic flexibility.
Rising Mining Costs, Impairments And Operational ExpensesHigher structural operating costs from tariffs, one-time efficiency charges and impairments point to margin pressure and execution risk. If tariffs and efficiency investments persist, they will erode unit economics and require sustained higher pricing or efficiency gains to maintain profitability.
Canaan News
CANN FAQ
What was Canaan’s price range in the past 12 months?
Canaan lowest stock price was $3.30 and its highest was $39.60 in the past 12 months.
What is Canaan’s market cap?
Canaan’s market cap is $3.80B.
When is Canaan’s upcoming earnings report date?
Canaan’s upcoming earnings report date is Nov 17, 2026 which is in 65 days.
How were Canaan’s earnings last quarter?
Canaan released its earnings results on Sep 08, 2026. The company reported -$2.209 earnings per share for the quarter, missing the consensus estimate of -$1.071 by -$1.139.
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 -2.55.
How many shares outstanding does Canaan have?
Canaan has 749,194,900 shares outstanding.
What happened to Canaan’s price movement after its last earnings report?
Canaan reported an EPS of -$2.209 in its last earnings report, missing expectations of -$1.071. Following the earnings report the stock price went up 8.412%.
Which hedge fund is a major shareholder of Canaan?
Currently, no hedge funds are holding shares in MX:CANN
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
Neutral
1
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3
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5
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$33.82 (350.99% Upside)
$33.82 (350.99% Upside)
Blogger Sentiment
Bullish
MX:CANN Sentiment 100%
Sector Average 61%
Sector Average 61%
News Sentiment
Bullish
Bullish news 75%
Bearish news 25%
Bearish news 25%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-58.97%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-24.64%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Canaan
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.
CANN Company Deck
CANN Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Negative
The call highlighted stronger liquidity, disciplined expense management, positive mining cash contribution, Project ABC progress, share repurchases, and continued investment in mining efficiency, compute-to-heat, Avalon Home, and long-term power resources. However, these positives were outweighed by the difficult Bitcoin mining environment, Q2 revenue below guidance, sharply lower Q3 revenue guidance of USD 11 million to USD 15 million, weak equipment demand, pricing pressure, a large adjusted EBITDA loss, accounting charges, and Nasdaq bid-price compliance risk.View all MX:CANN earnings summariesCANN Stock 12 Month Forecast
Average Price Target
$33.82
▲(350.99% Upside)