Canaan/CAN

$1.20

-4.76%
-
1D1W1MYTD1YMAX

About Canaan

Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). The Company provides a holistic AI (Artificial Intelligence) solution to customers, including AI chips, algorithm development and optimization, hardware module, end-product and software services.

Ticker

CAN

Sector

Technology

Trading on

NASDAQ

Industry

Computer Hardware

CEO

Nangeng Zhang

Employees

541

Headquarters

Beijing, China

Canaan Metrics

BasicAdvanced
$305.13M
Market cap
-
P/E ratio
-$2.40
EPS
3.04
Beta
-
Dividend rate
$305.13M
3.04498
$3.50
$1.13
16.79M
2.69
1.638
-7.03%
-70.3%
-86.66%
-85.59%
1.443
0.808
0.954
-68.23%
-650.99%
48.27%

What the Analysts think about Canaan

Analyst Ratings

Majority rating from 2 analysts.
Buy

Price Targets

Average projection from 2 analysts.
129.17% upside
High $3.00
Low $2.50
$1.20
Current price
$2.75
Average price target

Canaan Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-283.67% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$49M
47.15%
Net income
$-139M
73.53%
Profit margin
-283.67%
17.93%

Canaan Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 189.47%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
-$0.51
-$0.65
-$0.47
-$0.55
-
Expected
-$0.22
-$0.12
-$0.28
-$0.19
-$0.36
Surprise
129.93%
420.71%
67.86%
189.47%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
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FAQs

What’s the current market cap for Canaan stock?

Canaan (CAN) has a market cap of $305.13M as of April 14, 2024.

What is the P/E ratio for Canaan stock?

The price to earnings (P/E) ratio for Canaan (CAN) stock is 0 as of April 14, 2024.

Does Canaan stock pay dividends?

No, Canaan (CAN) stock does not pay dividends to its shareholders as of April 14, 2024.

When is the next Canaan dividend payment date?

Canaan (CAN) stock does not pay dividends to its shareholders.

What is the beta indicator for Canaan?

Canaan (CAN) has a beta rating of 3.04. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Canaan stock price target?

The target price for Canaan (CAN) stock is $2.75, which is 129.17% above the current price of $1.2. This is an average based on projections from 2 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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