Canaan (NASDAQ:CAN) Stock Quotes, Forecast and News Summary

Q: What sector and industry does Canaan (CAN) operate in?

Canaan is in the Information Technology sector and Technology Hardware, Storage & Peripherals industry. They are listed on the NASDAQ.

Canaan Stock (NASDAQ: CAN) stock price, news, charts, stock research, profile.

Open	$1.04
Close	$1.01
Volume / Avg.	2.33M / 8.67M
Day Range	1.00 - 1.05
52 Wk Range	0.75 - 3.50
Market Cap	$286.10M
P/E Ratio	-
Dividend Yield	-
Exchange	NASDAQ
RSI	46
Short Interest	8.66%
Days to Cover	4.69

Recent News

Canaan Gets Left Behind In Latest Crypto Bull Run

Key Takeaways: Canaan’s revenue fell 36% year-on-year in the first quarter even as the prices of bitcoin and other cryptocurrencies skyrocketed Demand for the company’s mining machines waned as a sharp drop in the amount of new bitcoin being created substantially curtailed the profitability of crypto mining

The Bamboo Works

Bitcoin Stock Canaan Up After Q1 Print, What's Going On?

Canaan reported Q1 2024 revenue decline of 36.5%,but beat analyst estimate. Earnings per ADS loss of $(0.16) also beat estimate. Canaan holds $54.7M in cash, and its Bitcoin holdings reach 1,057. Q2 2024 revenue expected to be $70M, and Q3 expected to be $70M. CAN stock has plunged 55% in last 12 months.

Anusuya Lahiri

Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Avi Kapoor

Financials

Quarterly

Annual

Name

Revenue Change
Gross Change
EBITDA Change
EBIT Change
Earnings Change

Analyst Trends and Forecast

May

Buy

Hold

Sell

Strong Sell

Analyst Rating and Forecast

4.0

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

About Canaan Inc

Sector

Information Technology

Industry

Technology Hardware, Storage & Peripherals

Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computi...

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EPS worse than industry

Earnings Per Share

EPS is the portion of a company's profit allocated to each outstanding share of common stock. It is a key metric for investors to assess a company's profitability.

Earnings Per Share

EPS is the portion of a company's profit allocated to each outstanding share of common stock. It is a key metric for investors to assess a company's profitability.

EPS worse than industry

FAQ

How do I buy Canaan (CAN) stock?

You can purchase shares of Canaan (NASDAQ:CAN) through any online brokerage.

View our list of the best stock brokerages

Who are Canaan (CAN) competitors?

Other companies in Canaan’s space includes: Apple (NASDAQ:AAPL), Diebold Nixdorf (NYSE:DBD), HP (NYSE:HPQ), Eastman Kodak (NYSE:KODK) and IonQ (NYSE:IONQ).

What is the target price for Canaan (CAN) stock?

There is no analysis for Canaan.

What is the forecast for Canaan (CAN) stock?

Canaan has a consensus price target of $6.17.

Current stock price for Canaan (CAN)?

The stock price for Canaan (NASDAQ: CAN) is $1 last updated Today at July 2, 2024 at 6:51 PM EDT.

Does Canaan (CAN) pay a dividend?

There are no upcoming dividends for Canaan.

When is Canaan (NASDAQ:CAN) reporting earnings?

Canaan’s Q2 earnings are confirmed for Tuesday, August 27, 2024.

Is Canaan (CAN) going to split?

There is no upcoming split for Canaan.

What sector and industry does Canaan (CAN) operate in?

Canaan is in the Information Technology sector and Technology Hardware, Storage & Peripherals industry. They are listed on the NASDAQ.

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Canaan

Canaan (CAN) Forecast