Canaan Inc. (CAN)
| 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...]
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.
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.
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...
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?
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...
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...
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...
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.
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...
Why a Massive Divergence Has Been Building in Crypto Mining Stocks This Week
Is China set to take over Bitcoin mining once again?
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.
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...
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...
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...
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...
Why Bitcoin Mining Stocks Jumped on Monday
As Bitcoin goes, so goes the miners.
Why Riot Blockchain, SOS, and Canaan Had One Heck of a Good Week
Cryptocurrency miners are back in fashion.
Why Crypto Mining Stocks Popped on Friday
Bitcoin is up and mining stocks are following as well.
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?
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 "...
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 ...
Canaan Plunges 15% as Regulation Set to Hit Crypto Mining Sector
Proposed crypto mining regulations are once again hitting companies like Canaan hard today.
Canaan Explodes Higher on Blockbuster Earnings Report
This China-based chip producer reported some very impressive numbers this past quarter.
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.