Canaan Inc. (CAN)

SG — Technology Sector
Peers: DDD  NTAP  RGTI  LOGI  SSYS  DM  HPQ  NNDM  IONQ  QBTS  VLD  DELL  SMCI  PSTG 

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Key Metrics & Ratings

  • symbol CAN
  • Rev/Share 0.0628
  • Book/Share 0.0621
  • PB 0.6785
  • Debt/Equity 0.3568
  • CurrentRatio 1.8705
  • ROIC -0.8854

 

  • MktCap 181366343.0
  • FreeCF/Share -0.0246
  • PFCF -1.721
  • PE -0.7235
  • Debt/Assets 0.2052
  • DivYield 0
  • ROE -0.7283

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 2
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation CAN The Benchmark Company -- Buy -- $3 May 6, 2025
Initiation CAN Compass Point -- Buy -- $2.5 March 18, 2025
Initiation CAN B. Riley Securities -- Buy -- $2 Sept. 18, 2024
Initiation CAN Rosenblatt -- Buy -- $3 Sept. 11, 2024

News

Canaan Inc. (CAN) Q1 2025 Earnings Call Transcript
CAN
Published: May 20, 2025 by: Seeking Alpha
Sentiment: Neutral

Canaan Inc. (NASDAQ:CAN ) Q1 2025 Earnings Conference Call May 20, 2025 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Michael Donovan - H.C. Wainwright Mike Grondahl - Northland Securities Bill Papanastasiou - KBW Nick Giles - B.

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image for news Canaan Inc. (CAN) Q1 2025 Earnings Call Transcript
Canaan Inc. to Report First Quarter 2025 Financial Results on May 20, 2025
CAN
Published: May 12, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , May 12, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 20, 2025. The Company's management team will hold a conference call at 8:00 A.M.

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image for news Canaan Inc. to Report First Quarter 2025 Financial Results on May 20, 2025
Canaan (CAN) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
CAN
Published: May 09, 2025 by: Zacks Investment Research
Sentiment: Negative

Canaan (CAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Canaan (CAN) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
Top Cryptocurrency Stocks You Should Buy for a Healthy Portfolio
BTCM, CAN, CME
Published: April 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Here, we pick three stocks, CME, BTCM and CAN, which are well-poised to benefit from the growing proliferation of Bitcoin and other cryptocurrencies.

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image for news Top Cryptocurrency Stocks You Should Buy for a Healthy Portfolio
Canaan Inc. Files 2024 Annual Report on Form 20-F
CAN
Published: April 21, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , April 21, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 18, 2025. The annual report can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at https://investor.canaan-creative.com/.

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image for news Canaan Inc. Files 2024 Annual Report on Form 20-F
Canaan Presents A Golden Opportunity
CAN
Published: March 05, 2025 by: Seeking Alpha
Sentiment: Positive

Canaan's stock is extremely oversold but shows strong support around $1.15 to $1.30, presenting a compelling risk/reward opportunity for investors. The company is a small-cap Bitcoin miner with competitive costs and new products like the Avalon Q, potentially boosting future profitability. Despite recent earnings revisions, Canaan's valuation appears too low, especially given its potential to achieve significant profits by 2025 and 2026.

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image for news Canaan Presents A Golden Opportunity
Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
CAN
Published: February 19, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , Feb. 19, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending January 31, 2025. Management Commentary "In January, we made solid progress across all segments of our business, as we expanded our customer base, announced two Avalon Home consumer products, and advanced our self-mining capacity, leading to an increase in our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan.

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image for news Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates
Canaan Inc. to Participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group LLC
CAN
Published: February 10, 2025 by: PRNewsWire
Sentiment: Neutral

SINGAPORE , Feb. 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its director of business development, Christopher Crowell, will present at the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, presented by Maxim Group LLC, on Wednesday, February 12, 2025, at 8:30 a.m. EST. As part of the "Digital Assets 2025: To Bitcoin and Beyond" virtual conference, Matthew Galinko, research analyst at Maxim Group, will sit down with Canaan and other companies in the digital asset ecosystem, including bitcoin miners, equipment providers, and corporate adopters of crypto …

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image for news Canaan Inc. to Participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group LLC

About Canaan Inc. (CAN)

  • IPO Date 2019-11-20
  • Website https://investor.canaan-creative.com
  • Industry Computer Hardware
  • CEO Mr. Nangeng Zhang
  • Employees 463

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. was founded in 2013 and is headquartered in Singapore.