CAN Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Canaan Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$2.32 |
| 52 Week High | US$3.50 |
| 52 Week Low | US$0.72 |
| Beta | 3.29 |
| 1 Month Change | 17.77% |
| 3 Month Change | 146.83% |
| 1 Year Change | -26.81% |
| 3 Year Change | -57.43% |
| 5 Year Change | -58.79% |
| Change since IPO | -74.19% |
Recent News & Updates
Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?
Nov 21Canaan: New Hardware Rollout And Bitcoin Rally Combine As Catalysts
Nov 13Recent updates
Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?
Nov 21Canaan: New Hardware Rollout And Bitcoin Rally Combine As Catalysts
Nov 13The Market Lifts Canaan Inc. (NASDAQ:CAN) Shares 26% But It Can Do More
Sep 18
Not Many Are Piling Into Canaan Inc. (NASDAQ:CAN) Just Yet
Jul 18Canaan: Watchlist Worthy
Jun 21Investors Still Waiting For A Pull Back In Canaan Inc. (NASDAQ:CAN)
Mar 01Canaan Inc.: Riding The Bitcoin Wave - Not The Time To Be Bearish
Jan 15Canaan (NASDAQ:CAN) Will Want To Turn Around Its Return Trends
Apr 12Things Look Grim For Canaan Inc. (NASDAQ:CAN) After Today's Downgrade
Nov 18Canaan: Bitcoin Ties Overcome Any Chip Growth Potential, For Now
Sep 16Canaan Q2 2022 Earnings Preview
Aug 17Canaan lands Buy rating from HCW on improved equipment performance
Jul 07Canaan: The Unheard Of Computer Chip Stock
Jun 14Covid Bites Canaan In First Quarter, But Advance Orders Bode Well For Second
May 25This Canaan Inc. (NASDAQ:CAN) Analyst Is Way More Bearish Than They Used To Be
May 20We Think That There Are Issues Underlying Canaan's (NASDAQ:CAN) Earnings
May 10Canaan Turns To Bitcoin Mining Even As Crypto Hunters Face Mounting Challenges
Jan 11Canaan: Crypto Craze Volatility Likely To Spell Trouble
Oct 29Bitcoin Mining Machine Maker Canaan Plays Up Offshore Sales
Aug 16Canaan secures an order of 10,000 bitcoin mining machines
Jun 16Canaan: China Bitcoin Crackdown Spells Short-Term Trouble
Jun 08Shareholder Returns
| CAN | US Tech | US Market | |
|---|---|---|---|
| 7D | -18.9% | 2.4% | -2.4% |
| 1Y | -26.8% | 31.4% | 23.3% |
Return vs Industry: CAN underperformed the US Tech industry which returned 31.4% over the past year.
Return vs Market: CAN underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| CAN volatility | |
|---|---|
| CAN Average Weekly Movement | 22.3% |
| Tech Industry Average Movement | 8.0% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: CAN's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: CAN's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 445 | Nangeng Zhang | investor.canaan-creative.com |
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.
Canaan Inc. Fundamentals Summary
| CAN fundamental statistics | |
|---|---|
| Market cap | US$668.82m |
| Earnings (TTM) | -US$295.87m |
| Revenue (TTM) | US$229.63m |
2.9x
P/S Ratio-2.3x
P/E RatioIs CAN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CAN income statement (TTM) | |
|---|---|
| Revenue | US$229.63m |
| Cost of Revenue | US$361.67m |
| Gross Profit | -US$132.04m |
| Other Expenses | US$163.83m |
| Earnings | -US$295.87m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.03 |
| Gross Margin | -57.50% |
| Net Profit Margin | -128.84% |
| Debt/Equity Ratio | 7.6% |
How did CAN perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:26 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canaan Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Giles | B. Riley Securities, Inc. |
| Lucas Pipes | B. Riley Securities, Inc. |
| Jiaer Zhu | China Renaissance Securities |