Canaan Inc. (CAN)
NASDAQ: CAN · IEX Real-Time Price · USD
1.100
-0.030 (-2.65%)
At close: Apr 16, 2024, 4:00 PM
1.110
+0.010 (0.91%)
Pre-market: Apr 17, 2024, 4:19 AM EDT

Canaan Statistics

Total Valuation

Canaan has a market cap or net worth of $188.15 million. The enterprise value is $175.07 million.

Market Cap 188.15M
Enterprise Value 175.07M

Important Dates

The next estimated earnings date is Friday, May 24, 2024, before market open.

Earnings Date May 24, 2024
Ex-Dividend Date n/a

Share Statistics

Canaan has 171.05 million shares outstanding.

Shares Outstanding 171.05M
Owned by Insiders (%) n/a
Owned by Institutions (%) 20.77%
Float n/a

Valuation Ratios

PE Ratio n/a
Forward PE 2.15
PS Ratio 0.89
Forward PS 0.73
PB Ratio 3.91
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 0.83
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 2.69, with a Debt / Equity ratio of 0.00.

Current Ratio 2.69
Quick Ratio 0.73
Debt / Equity 0.00
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is -98.30% and return on invested capital (ROIC) is -117.52%.

Return on Equity (ROE) -98.30%
Return on Assets (ROA) -77.80%
Return on Capital (ROIC) -117.52%
Revenue Per Employee $390,900
Profits Per Employee -$765,532
Employee Count 541
Asset Turnover 0.40
Inventory Turnover 2.56

Taxes

Income Tax -7.09M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -62.07% in the last 52 weeks. The beta is 3.01, so Canaan's price volatility has been higher than the market average.

Beta (1Y) 3.01
52-Week Price Change -62.07%
50-Day Moving Average 1.53
200-Day Moving Average 1.93
Relative Strength Index (RSI) 33.28
Average Volume (30 Days) 16,936,270

Short Selling Information

Short Interest 26.87M
Short Previous Month 23.20M
Short % of Shares Out 11.47%
Short % of Float n/a
Short Ratio (days to cover) 1.63

Income Statement

In the last 12 months, Canaan had revenue of $211.48 million and -$414.15 million in losses. Loss per share was -$0.33.

Revenue 211.48M
Gross Profit -33.26M
Operating Income -56.76M
Pretax Income -64.30M
Net Income -414.15M
EBITDA n/a
EBIT -64.30M
Loss Per Share -$0.33
Full Income Statement

Balance Sheet

The company has $13.28 million in cash and $196,989 in debt, giving a net cash position of $13.09 million or $0.08 per share.

Cash & Cash Equivalents 13.28M
Total Debt 196,989
Net Cash 13.09M
Net Cash Per Share $0.08
Equity / Book Value 48.10M
Book Value Per Share 0.28
Working Capital 31.56M
Full Balance Sheet

Cash Flow

Operating Cash Flow n/a
Capital Expenditures n/a
Free Cash Flow n/a
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross margin is -15.73%, with operating and profit margins of -26.84% and -195.84%.

Gross Margin -15.73%
Operating Margin -26.84%
Pretax Margin -30.41%
Profit Margin -195.84%
EBITDA Margin n/a
EBIT Margin -30.41%
FCF Margin n/a

Dividends & Yields

Canaan does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -4.97%
Shareholder Yield -4.97%
Earnings Yield -220.12%
FCF Yield n/a

Analyst Forecast

The average price target for Canaan is $4.25, which is 286.36% higher than the current price. The consensus rating is "Strong Buy".

Price Target $4.25
Price Target Difference 286.36%
Analyst Consensus Strong Buy
Analyst Count 2
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Canaan has an Altman Z-Score of 5.55 and a Piotroski F-Score of 3.

Altman Z-Score 5.55
Piotroski F-Score 3