Canaan Inc. (CAN)

NASDAQ: CAN · IEX Real-Time Price · USD
1.835
+0.085 (4.86%)
Feb 28, 2024, 1:37 PM EST - Market open
4.86%
Market Cap 461.06M
Revenue (ttm) 211.48M
Net Income (ttm) -414.15M
Shares Out 234.04M
EPS (ttm) -0.33
PE Ratio n/a
Forward PE 2.15
Dividend n/a
Ex-Dividend Date n/a
Volume 27,720,792
Open 1.900
Previous Close 1.750
Day's Range 1.800 - 1.980
52-Week Range 1.130 - 3.500
Beta 3.05
Analysts Strong Buy
Price Target 4.25 (+131.61%)
Earnings Date Feb 27, 2024

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 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 operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore. [Read more]

Sector Technology
IPO Date Nov 21, 2019
Employees 541
Stock Exchange NASDAQ
Ticker Symbol CAN
Full Company Profile

Financial Performance

In 2022, Canaan's revenue was 634.94 million, a decrease of -12.19% compared to the previous year's 723.07 million. Earnings were 70.52 million, a decrease of -75.69%.

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 131.61% from the latest price.

Price Target
$4.25
(131.61% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

1 day 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...

8 days 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...

22 days 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
7 weeks 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...

3 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...

3 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...

3 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...

3 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...

3 months 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 / October 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("...

4 months ago - Accesswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Canaan Inc. - CAN

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or the "Company") (NASDAQ: CAN). Such investors are advised to contact Rob...

5 months ago - PRNewsWire

INVESTOR ACTION NOTICE: 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 / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ...

5 months ago - Accesswire

CAN EQUITY NOTICE: ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Canaan Inc. Investors to Inquire About Securities Class Action Investigation - CAN

NEW YORK , Sept. 21, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Canaan Inc. (N...

5 months ago - PRNewsWire

Theralase(R) Grants Stock Options

TORONTO, ON / ACCESSWIRE / September 21, 2023 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research ...

5 months ago - Accesswire

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 / September 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ...

5 months ago - Accesswire

INVESTIGATION 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 / September 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ...

6 months ago - Accesswire

Canaan Inc. Celebrates Its 10th Anniversary at Avalon Bitcoin & Crypto Day

SINGAPORE , Sept. 11, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will host Av...

6 months ago - PRNewsWire

Canaan Inc. to Participate in H.C. Wainwright 25th Annual Global Investment Conference on September 12, 2023

SINGAPORE , Sept. 11, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will partici...

6 months ago - PRNewsWire

INVESTOR 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 / September 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. (...

6 months ago - Accesswire

Canaan Inc. Reports Unaudited Second Quarter 2023 Financial Results

- Total Computing Power Sold Achieved 6.1 Million Thash/s, up 45.2% QoQ - - Bitcoin Mining Revenues Reached US$15.9 Million, up 43.3% QoQ - SINGAPORE, Aug. 29, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ...

6 months ago - PRNewsWire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("C...

6 months ago - Accesswire

Canaan Inc. to Report Second Quarter 2023 Financial Results on August 29, 2023

SINGAPORE , Aug. 23, 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

CAN INVESTOR NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Canaan Inc. Investors to Inquire About Securities Class Action Investigation - CAN

NEW YORK , Aug. 22, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Canaan Inc. (NAS...

6 months ago - PRNewsWire

TOP RANKED ROSEN LAW FIRM Encourages Canaan Inc. Investors to Inquire About Securities Class Action Investigation – CAN

NEW YORK--(BUSINESS WIRE)---- $CAN #CAN--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Canaan Inc. (NAS...

6 months ago - Business Wire

Canaan Inc. Provides Updates on Its Bitcoin Mining Operations

SINGAPORE , Aug. 18, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company" or "We"), a leading high-performance computing solutions provider, today announced that the challenges se...

6 months ago - PRNewsWire