Canaan Inc. (CAN)

Market Cap	279.53M
Revenue (ttm)	317.01M
Net Income (ttm)	-296.79M
Shares Out	460.36M
EPS (ttm)	-1.02
PE Ratio	n/a
Forward PE	13.36
Dividend	n/a
Ex-Dividend Date	n/a

Volume	32,705,400
Open	0.6002
Previous Close	0.5998
Day's Range	0.5670 - 0.6559
52-Week Range	0.5347 - 3.2700
Beta	3.27
Analysts	Strong Buy
Price Target	2.90 (+377.6%)
Earnings Date	May 20, 2025

About CAN

Canaan Inc. engages in the research and development, 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 edge computing chip products, as well as mining business. The company has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, M...

• Industry: Computer Hardware
• Sector: Technology
• IPO Date: Nov 21, 2019
• Employees: 463
• Stock Exchange: NASDAQ
• Ticker Symbol: CAN
• Website: https://investor.canaan-creative.com

Financial Performance

In 2024, Canaan's revenue was $269.32 million, an increase of 27.35% compared to the previous year's $211.48 million. Losses were -$249.75 million, -39.70% less than in 2023.

Analyst Forecast

According to 5 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price forecast is $2.9, which is an increase of 377.60% from the latest price.

Price Target

$2.9

(377.60% upside)

Analyst Consensus: Strong Buy