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Canaan NasdaqGM:CAN Stock Report

Last Price

US$1.05

Market Cap

US$300.4m

7D

-13.9%

1Y

-44.4%

Updated

27 May, 2024

Data

Company Financials +

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.

CAN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Canaan Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Canaan
Historical stock prices
Current Share PriceUS$1.05
52 Week HighUS$3.50
52 Week LowUS$0.75
Beta3.11
1 Month Change14.90%
3 Month Change-40.00%
1 Year Change-44.44%
3 Year Change-87.50%
5 Year Changen/a
Change since IPO-88.32%

Recent News & Updates

Recent updates

Investors Still Waiting For A Pull Back In Canaan Inc. (NASDAQ:CAN)

Mar 01
Investors Still Waiting For A Pull Back In Canaan Inc. (NASDAQ:CAN)

Canaan Inc.: Riding The Bitcoin Wave - Not The Time To Be Bearish

Jan 15

Canaan (NASDAQ:CAN) Will Want To Turn Around Its Return Trends

Apr 12
Canaan (NASDAQ:CAN) Will Want To Turn Around Its Return Trends

Things Look Grim For Canaan Inc. (NASDAQ:CAN) After Today's Downgrade

Nov 18
Things Look Grim For Canaan Inc. (NASDAQ:CAN) After Today's Downgrade

Canaan: Bitcoin Ties Overcome Any Chip Growth Potential, For Now

Sep 16

Canaan Q2 2022 Earnings Preview

Aug 17

Canaan lands Buy rating from HCW on improved equipment performance

Jul 07

Canaan: The Unheard Of Computer Chip Stock

Jun 14

Covid Bites Canaan In First Quarter, But Advance Orders Bode Well For Second

May 25

This Canaan Inc. (NASDAQ:CAN) Analyst Is Way More Bearish Than They Used To Be

May 20
This Canaan Inc. (NASDAQ:CAN) Analyst Is Way More Bearish Than They Used To Be

We Think That There Are Issues Underlying Canaan's (NASDAQ:CAN) Earnings

May 10
We Think That There Are Issues Underlying Canaan's (NASDAQ:CAN) Earnings

Canaan Turns To Bitcoin Mining Even As Crypto Hunters Face Mounting Challenges

Jan 11

Canaan: Crypto Craze Volatility Likely To Spell Trouble

Oct 29

Bitcoin Mining Machine Maker Canaan Plays Up Offshore Sales

Aug 16

Canaan secures an order of 10,000 bitcoin mining machines

Jun 16

Canaan: China Bitcoin Crackdown Spells Short-Term Trouble

Jun 08

Canaan reports Q1 results

Jun 01

Canaan nabs $93.6M in bitcoin mining machine order through strategic partnership with Genesis Digital Assets

Apr 28

What Kind Of Shareholders Hold The Majority In Canaan Inc.'s (NASDAQ:CAN) Shares?

Mar 03
What Kind Of Shareholders Hold The Majority In Canaan Inc.'s (NASDAQ:CAN) Shares?

Quick Take On Canaan Inc.'S Third Quarter Results

Dec 06

Canaan reports Q3 results

Nov 30

Canaan Inc. Third-Quarter Earnings Preview

Nov 25

Canaan Profits From Bitcoin's Rise As Its AI Segment Waits

Nov 17

Shareholder Returns

CANUS TechUS Market
7D-13.9%-0.4%-0.2%
1Y-44.4%10.7%25.6%

Return vs Industry: CAN underperformed the US Tech industry which returned 10.7% over the past year.

Return vs Market: CAN underperformed the US Market which returned 25.6% over the past year.

Price Volatility

Is CAN's price volatile compared to industry and market?
CAN volatility
CAN Average Weekly Movement17.7%
Tech Industry Average Movement7.8%
Market Average Movement5.9%
10% most volatile stocks in US Market16.0%
10% least volatile stocks in US Market2.8%

Stable Share Price: CAN's share price has been volatile over the past 3 months.

Volatility Over Time: CAN's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2013445Nangeng Zhanginvestor.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

How do Canaan's earnings and revenue compare to its market cap?
CAN fundamental statistics
Market capUS$300.40m
Earnings (TTM)-US$369.18m
Revenue (TTM)US$191.34m

1.6x

P/S Ratio

-0.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CAN income statement (TTM)
RevenueUS$191.34m
Cost of RevenueUS$421.90m
Gross Profit-US$230.56m
Other ExpensesUS$138.62m
Earnings-US$369.18m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.29
Gross Margin-120.50%
Net Profit Margin-192.95%
Debt/Equity Ratio0%

How did CAN perform over the long term?

See historical performance and comparison
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