Canaan Inc. (CAN)

NASDAQ: CAN · IEX Real-Time Price · USD
1.050
-0.120 (-10.26%)
At close: May 17, 2024, 4:00 PM
1.090
+0.040 (3.81%)
After-hours: May 17, 2024, 7:56 PM EDT
-10.26%
Market Cap 267.76M
Revenue (ttm) 191.34M
Net Income (ttm) -369.18M
Shares Out 256.23M
EPS (ttm) -0.28
PE Ratio n/a
Forward PE 2.15
Dividend n/a
Ex-Dividend Date n/a
Volume 11,568,247
Open 1.200
Previous Close 1.170
Day's Range 1.040 - 1.290
52-Week Range 0.750 - 3.500
Beta 3.11
Analysts Strong Buy
Price Target 4.25 (+304.76%)
Earnings Date May 17, 2024

About CAN

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.... [Read more]

Sector Technology
IPO Date Nov 21, 2019
Employees 445
Stock Exchange NASDAQ
Ticker Symbol CAN
Full Company Profile

Financial Performance

Financial numbers in CNY Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price forecast is $4.25, which is an increase of 304.76% from the latest price.

Price Target
$4.25
(304.76% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Cana...

4 hours ago - Accesswire

IMPORTANT SHAREHOLDER INVESTIGATION: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Cana...

1 day ago - Accesswire

Canaan Inc. Reports Unaudited First Quarter 2024 Financial Results

SINGAPORE , May 17, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results...

1 day ago - PRNewsWire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Cana...

2 days ago - Accesswire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Cana...

2 days ago - Accesswire

Truveris Secures $15 Million in Series E Funding Through Canaan Partners and New Leaf Venture Partners

WILMINGTON, Del.--(BUSINESS WIRE)-- #employeebenefits--Truveris, the leader in pharmacy cost containment and program performance, today announced it has raised $15 million in Series E investment led b...

4 days ago - Business Wire

Canaan Inc. to Report First Quarter 2024 Financial Results on May 17, 2024

SINGAPORE , May 10, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its fin...

8 days ago - PRNewsWire

Canaan Unveils the New Avalon A1566 Mining Machines at Bitcoin Asia

SINGAPORE , May 9, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today debuted its newest product, the A1566 of t...

9 days ago - PRNewsWire

Canaan debuts Avalon A15 New Product Series

HONG KONG , May 9, 2024 /PRNewswire/ --  Canaan Inc. launched the star product A 1566 of Avalon A15 series, an upgraded bitcoin mining machine with Canaan's most advanced technology. Building on the p...

9 days ago - PRNewsWire

Theralase(R) Closes $CAN 750,000 Non-Brokered Private Placement

TORONTO, ON / ACCESSWIRE / April 24, 2024 / Theralase® Technologies Inc. ("Theralase® " or the "Company") (TSXV:TLT)(OTCQB:TLTFF)(FRA:TTX), a clinical stage pharmaceutical company dedicated to the res...

24 days ago - Accesswire

Canaan Announces Proposed Share Purchase by Management

SINGAPORE , April 22, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Mr. Nangeng Zhang, Chair...

26 days ago - PRNewsWire

Canaan Makes Statement Regarding Shelf Registration Submission

SINGAPORE , April 19, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has filed a universal...

4 weeks ago - PRNewsWire

Canaan Shines at Blockchain Life 2024 in Dubai

DUBAI, UAE, April 18, 2024 /PRNewswire/ -- Canaan Inc. (Nasdaq: CAN), the creator of ASIC Bitcoin miners, captured the spotlight at the highly anticipated Blockchain Life 2024 event in Dubai , UAE, on...

4 weeks ago - PRNewsWire

Canaan Inc. Files 2023 Annual Report on Form 20-F

SINGAPORE , April 17, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the filing of its annual repo...

4 weeks ago - PRNewsWire

Theralase(R) Release's 4Q2023 Interim Financial Statements

TORONTO, ON / ACCESSWIRE / March 27, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and ...

7 weeks ago - Accesswire

Canaan's RISC-V based edge AIoT SoC adopted VeriSilicon's ISP and GPU IPs

SHANGHAI--(BUSINESS WIRE)-- #3DNoiseReduction--VeriSilicon's ISP8000 IP is capable of real-time processing of three or more streams of high-definition video.

2 months ago - Business Wire

Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

SINGAPORE , Feb. 27, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial result...

2 months ago - PRNewsWire

Canaan Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024

SINGAPORE , Feb. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its fi...

3 months ago - PRNewsWire

Theralase(R) Closes $CAN 1.2 Million Non-Brokered Private Placement

TORONTO, ON / ACCESSWIRE / February 5, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research an...

3 months ago - Accesswire

Canaan Secures Follow-On Purchase Orders from Cipher and Stronghold

Cipher's JV entities have purchased 16,700 A1466 model Avalon Miners; the 11,000 previously bought A1346 model Avalon Miners have been delivered and installed at Cipher's Odessa Facility Stronghold ha...

Other symbols: CIFRSDIG
4 months ago - PRNewsWire

Theralase Release's 3Q2023 Interim Financial Statements

TORONTO, ON / ACCESSWIRE / November 29, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research a...

6 months ago - Accesswire

Theralase(R) Closes $CAN 1.17 Million Non-Brokered Private Placement

TORONTO, ON / ACCESSWIRE / November 29, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research a...

6 months ago - Accesswire

Canaan Inc. Reports Unaudited Third Quarter 2023 Financial Results

SINGAPORE , Nov. 28, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial result...

6 months ago - PRNewsWire

Canaan Inc. to Report Third Quarter 2023 Financial Results on November 28, 2023

SINGAPORE , Nov. 20, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its fi...

6 months ago - PRNewsWire

Theralase(R) Commences Non-Brokered Private Placement and Termination of Previously Announced Financing

TORONTO, ON / ACCESSWIRE / November 17, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research a...

6 months ago - Accesswire