Canaan Inc. (CAN)

Market Cap	281.57M
Revenue (ttm)	269.32M
Net Income (ttm)	-249.75M
Shares Out	372.90M
EPS (ttm)	-0.92
PE Ratio	n/a
Forward PE	37.07
Dividend	n/a
Ex-Dividend Date	n/a

Volume	7,356,980
Open	0.7500
Previous Close	0.7481
Day's Range	0.7060 - 0.7615
52-Week Range	0.6450 - 3.2700
Beta	3.49
Analysts	Strong Buy
Price Target	3.88 (+413.84%)
Earnings Date	May 16, 2025

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....

• Industry: Computer Hardware
• Sector: Technology
• IPO Date: Nov 21, 2019
• Employees: 445
• 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 4 analysts, the average rating for CAN stock is "Strong Buy." The 12-month stock price forecast is $3.88, which is an increase of 413.84% from the latest price.

Price Target

$3.88

(413.84% upside)

Analyst Consensus: Strong Buy