CANAAN INC (CAN) Stock Price, Forecast & Analysis
NASDAQ:CAN • US1347481020
CAN Key Statistics, Chart & Performance
The current stock price of CAN is 0.4691 USD. In the past month the price decreased by -42.32%. In the past year, price decreased by -72.75%.
CAN Technical Analysis
CAN Fundamental Analysis
ChartMill assigns a fundamental rating of 3 / 10 to CAN. CAN has a bad profitability rating. Also its financial health evaluation is rather negative.
CAN Financial Highlights
Over the last trailing twelve months CAN reported a non-GAAP Earnings per Share(EPS) of -0.49. The EPS decreased by -5.63% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | N/A | ||
| ROA | -34.81% | ||
| ROE | -47.98% | ||
| Debt/Equity | 0.12 |
CAN Forecast & Estimates
11 analysts have analysed CAN and the average price target is 2.95 USD. This implies a price increase of 528.76% is expected in the next year compared to the current price of 0.4691.
For the next year, analysts expect an EPS growth of 48.67% and a revenue growth -4.02% for CAN
CAN Ownership
CAN Latest News, Press Relases and Analysis
CAN Competitors/Peers
| Symbol | Company Name | Technical Rating | Fundamental Rating | FPE | Market Cap |
|---|---|---|---|---|---|
| AAPL | APPLE INC | 28 | 3.88T | ||
| WDC | WESTERN DIGITAL CORP | 23.87 | 96.325B | ||
| SNDK | SANDISK CORP | 7.94 | 87.153B | ||
| DELL | DELL TECHNOLOGIES -C | 9.9 | 76.932B | ||
| HPE | HEWLETT PACKARD ENTERPRISE | 9.11 | 29.32B | ||
| PSTG | PURE STORAGE INC - CLASS A | 31.87 | 24B | ||
| NTAP | NETAPP INC | 11.67 | 20.018B | ||
| SMCI | SUPER MICRO COMPUTER INC | 9.65 | 18.036B | ||
| HPQ | HP INC | 6.02 | 16.974B | ||
| IONQ | IONQ INC | N/A | 11.924B |
Related stock screener links
View all stocks in the Technology Hardware, Storage & Peripherals Industry | View all stocks in the Information Technology Sector | View all stocks on the Nasdaq Exchange | Find stocks with similar TA and Setup ratings on the USA exchanges | Find stocks with similar Fundamental rating on the USA exchanges | Find the competitors with the best technical ratings on the USA exchanges | Find the competitors with the best fundamentals on the USA exchanges | Find the competitors with the best valuation on the USA exchanges | Find the competitors with the best dividend on the USA exchanges | Find the competitors with the best analyst ratings on the USA exchanges
About CAN
Company Profile
Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. The firm is a fabless IC designer engaged in the front-end and back-end of IC design. The firm primarily offers its technology and expertise in ASIC applications to Bitcoin mining machines and is also a producer of Bitcoin mining machines in the global market. The Company, through its subsidiaries, independently designs and develops its products in-house, including the design of proprietary ASIC chips for its Bitcoin mining machines. The company has in-house production capabilities to assemble both Bitcoin mining machines and artificial intelligence (AI) chips. The company assembles its Bitcoin mining machines primarily at its assembly plant located in the People’s Republic of China (PRC) by integrating the ICs designed by the Company and related components it procures. The company also intends to engage in Bitcoin mining through self-owned facilities.
Company Info
CANAAN INC
28 Ayer Rajah Crescent, #06-08
Singapore BEIJING 310016 SG
CEO: Nangeng Zhang
Employees: 463
Phone: 6563056618
CANAAN INC / CAN FAQ
What does CAN do?
Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. The firm is a fabless IC designer engaged in the front-end and back-end of IC design. The firm primarily offers its technology and expertise in ASIC applications to Bitcoin mining machines and is also a producer of Bitcoin mining machines in the global market. The Company, through its subsidiaries, independently designs and develops its products in-house, including the design of proprietary ASIC chips for its Bitcoin mining machines. The company has in-house production capabilities to assemble both Bitcoin mining machines and artificial intelligence (AI) chips. The company assembles its Bitcoin mining machines primarily at its assembly plant located in the People’s Republic of China (PRC) by integrating the ICs designed by the Company and related components it procures. The company also intends to engage in Bitcoin mining through self-owned facilities.
What is the stock price of CANAAN INC today?
The current stock price of CAN is 0.4691 USD. The price increased by 3.1% in the last trading session.
What is the dividend status of CANAAN INC?
CAN does not pay a dividend.
What is the ChartMill technical and fundamental rating of CAN stock?
CAN has a ChartMill Technical rating of 0 out of 10 and a ChartMill Fundamental rating of 3 out of 10.
What do analysts say about CANAAN INC (CAN) stock?
11 analysts have analysed CAN and the average price target is 2.95 USD. This implies a price increase of 528.76% is expected in the next year compared to the current price of 0.4691.
What is the Price/Earnings (PE) ratio of CANAAN INC (CAN)?
CANAAN INC (CAN) does not have a PE ratio as the earnings reported over the last twelve months were negative (-0.49).
Should I buy CAN stock?
This depends on your investment goals. Check the Technical and Fundamental Analysis tabs for insights on CAN.