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CAN

Canaan NasdaqGM:CAN Stock Report

Last Price

US$2.58

Market Cap

US$437.8m

7D

-6.5%

1Y

-69.7%

Updated

26 Nov, 2022

Data

Company Financials +
CAN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends0/6

CAN Stock Overview

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.

Canaan Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Canaan
Historical stock prices
Current Share PriceUS$2.58
52 Week HighUS$9.19
52 Week LowUS$2.46
Beta3.22
1 Month Change-23.44%
3 Month Change-27.53%
1 Year Change-69.72%
3 Year Change-68.73%
5 Year Changen/a
Change since IPO-71.30%

Recent News & Updates

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

Recent updates

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

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

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?

Shareholder Returns

CANUS TechUS Market
7D-6.5%-2.0%1.3%
1Y-69.7%-5.9%-18.5%

Return vs Industry: CAN underperformed the US Tech industry which returned -5.9% over the past year.

Return vs Market: CAN underperformed the US Market which returned -18.5% over the past year.

Price Volatility

Is CAN's price volatile compared to industry and market?
CAN volatility
CAN Average Weekly Movement10.5%
Tech Industry Average Movement7.9%
Market Average Movement7.4%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market3.3%

Stable Share Price: CAN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CAN's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013346Nangeng Zhanghttps://canaan-creative.com

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. Fundamentals Summary

How do Canaan's earnings and revenue compare to its market cap?
CAN fundamental statistics
Market CapUS$437.83m
Earnings (TTM)US$328.18m
Revenue (TTM)US$860.67m

1.3x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAN income statement (TTM)
RevenueCN¥6.17b
Cost of RevenueCN¥2.69b
Gross ProfitCN¥3.48b
Other ExpensesCN¥1.13b
EarningsCN¥2.35b

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)13.87
Gross Margin56.41%
Net Profit Margin38.13%
Debt/Equity Ratio0%

How did CAN perform over the long term?

See historical performance and comparison