Canaan Inc. (CAN)

NASDAQ: CAN · IEX Real-Time Price · USD
3.22
+0.11 (3.54%)
Sep 27, 2022 4:00 PM EDT - Market closed
3.54%
Market Cap 601.96M
Revenue (ttm) 971.78M
Net Income (ttm) 430.20M
Shares Out 186.94M
EPS (ttm) 2.00
PE Ratio 1.61
Forward PE 2.45
Dividend $0.38 (11.80%)
Ex-Dividend Date n/a
Volume 1,014,643
Open 3.19
Previous Close 3.11
Day's Range 3.12 - 3.33
52-Week Range 2.56 - 11.19
Beta 3.67
Analysts Buy
Price Target 7.91 (+145.7%)
Earnings Date Sep 21, 2022

About CAN

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People'... [Read more...]

Industry Technology Hardware, Storage & Peripherals
IPO Date Nov 21, 2019
Employees 346
Stock Exchange NASDAQ
Ticker Symbol CAN
Full Company Profile

Financial Performance

Financial numbers in CNY Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CAN stock is "Buy." The 12-month stock price forecast is 7.91, which is an increase of 145.65% from the latest price.

Price Target
$7.91
(145.65% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Canaan Stock Crept Higher Today

Investors were basking in the afterglow of strong quarterly results, but that warm and fuzzy feeling might not last.

1 month ago - The Motley Fool

Canaan CEO expects ‘prolonged headwinds' amid downward pressure on Bitcoin

Canaan Inc. (NASDAQ: CAN) Chief Executive Officer Nangeng Zhang believes the Bitcoin (BTC/USD) mining hardware provider, and the broader sector, could see “prolonged headwinds” in the next few months as...

1 month ago - Invezz

Canaan (CAN) Q2 Earnings Surpass Estimates

Canaan (CAN) delivered earnings and revenue surprises of 50% and 2.21%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Canaan Inc. Reports Unaudited Second Quarter 2022 Financial Results

BEIJING , Aug. 18, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results fo...

1 month ago - PRNewsWire

Canaan Inc. to Report Second Quarter 2022 Financial Results on August 18, 2022

BEIJING , Aug. 3, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financi...

1 month ago - PRNewsWire

The 7 Best Chinese Stocks to Buy Now

Chinese stocks might be risky bets, but there's a flipside to that. Theoretically speaking, emerging market economies such as China grow at a much faster pace than developed nations until they reach mat...

Other symbols: APIBIDUNIONTESYQ
1 month ago - InvestorPlace

Bitcoin Surged 4% Today, but These 3 Bitcoin-Adjacent Stocks Soared Much Higher

When Bitcoin surges, it's time to pay attention to these three stocks, which are providing even higher returns.

Other symbols: BITFHUT
2 months ago - The Motley Fool

7 Penny Stocks That Actually Have Analyst Buy Ratings

Many penny stocks (stocks trading for less than $5 per share) have little analyst coverage, but these seven have sell-side "buy" ratings. The post 7 Penny Stocks That Actually Have Analyst Buy Ratings a...

Other symbols: GEVOHIMSNOKOPADPAYORIG
3 months ago - InvestorPlace

Why a Massive Divergence Has Been Building in Crypto Mining Stocks This Week

Is China set to take over Bitcoin mining once again?

Other symbols: BTCMRIOT
4 months ago - The Motley Fool

Why Canaan's Stock Skyrocketed Today

The maker of crypto-mining hardware delivered better first-quarter results than expected, if you back out artificial headwinds from COVID-19 lockdowns in China.

4 months ago - The Motley Fool

Canaan Inc. Reports Unaudited First Quarter 2022 Financial Results

BEIJING , May 19, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for...

4 months ago - PRNewsWire

7 Penny Stocks to Buy Now

These penny stocks to buy could perform well in 2022, a year when growth stocks, overvalued stocks, and even value stocks have suffered. The post 7 Penny Stocks to Buy Now appeared first on InvestorPlace.

Other symbols: CTHRDXLGPBISIDTEFXYF
4 months ago - InvestorPlace

Canaan Inc. to Report First Quarter 2022 Financial Results on May 19, 2022

BEIJING , May 9, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financia...

4 months ago - PRNewsWire

Canaan Inc. Provides Update on its Status under the Holding Foreign Companies Accountable Act

BEIJING , May 5, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today provides an update on its status under the Hol...

4 months ago - PRNewsWire

Canaan Inc. Files 2021 Annual Report on Form 20-F

BEIJING , April 29, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the filing of its annual report o...

4 months ago - PRNewsWire

Why Bitcoin Mining Stocks Jumped on Monday

As Bitcoin goes, so goes the miners.

Other symbols: HUTRIOT
5 months ago - The Motley Fool

Why Riot Blockchain, SOS, and Canaan Had One Heck of a Good Week

Cryptocurrency miners are back in fashion.

Other symbols: RIOT
6 months ago - The Motley Fool

Why Crypto Mining Stocks Popped on Friday

Bitcoin is up and mining stocks are following as well.

Other symbols: BTBTCLSKEBON
6 months ago - The Motley Fool

Why Is Canaan (CAN) Stock Up Today?

Chinese computer solutions company Canaan is up big today on a recent stock buyback announcement. Is CAN stock a buy right now?

6 months ago - InvestorPlace

Canaan Inc. Announces Up to US$100 Million Share Repurchase Program

BEIJING, March 16, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its board of directors (the "...

6 months ago - PRNewsWire

Canaan Inc. Provides Updates on Recent Development and Business Outlook

BEIJING, March 16, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its business outlook for the ...

6 months ago - PRNewsWire

Canaan Plunges 15% as Regulation Set to Hit Crypto Mining Sector

Proposed crypto mining regulations are once again hitting companies like Canaan hard today.

6 months ago - The Motley Fool

Canaan Explodes Higher on Blockbuster Earnings Report

This China-based chip producer reported some very impressive numbers this past quarter.

6 months ago - The Motley Fool

Canaan Revenue Jumps 57 Times In Q4 Backed By Computing Power Sales; Issues Robust Outlook

Canaan Inc's (NASDAQ: CAN) fourth-quarter FY21 revenue jumped 57 fold year-on-year to $342.8 million. Revenue increased 65.8% sequentially.

6 months ago - Benzinga