Canaan Inc Stock Analysis

Canaan Stock Analysis Notes

About 21.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.8. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canaan Inc recorded a loss per share of 1.43. The entity had not issued any dividends in recent years. Canaan Inc. engages in the research, design, and sale of integrated circuit final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the Peoples Republic of China. Canaan Inc. was founded in 2013 and is based in Beijing, the Peoples Republic of China. Canaan Inc operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 346 people. For more info on Canaan Inc please contact Nangeng Zhang at 65 6305 6618 or go to https://investor.canaan-creative.com.

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Canaan Thematic Classifications

Canaan Stock Institutional Investors

Note, although Canaan's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Canaan Market Capitalization

The company currently falls under 'Small-Cap' category with a total capitalization of 434.49 M.

Canaan Profitablity

The company has Net Profit Margin of (1.59) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (0.64) %, which entails that for every $100 of revenue, it lost $0.64.

Management Efficiency

Canaan Inc has Return on Asset of (0.3618) % which means that on every $100 spent on assets, it lost $0.3618. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.7469) %, meaning that it generated no profit with money invested by stockholders. Canaan's management efficiency ratios could be used to measure how well Canaan manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of November 2024, Return On Tangible Assets is likely to grow to -0.8. In addition to that, Return On Capital Employed is likely to grow to -1.09. At this time, Canaan's Total Assets are very stable compared to the past year. As of the 25th of November 2024, Net Tangible Assets is likely to grow to about 5.1 B, while Other Assets are likely to drop 0.95.

Technical Drivers

As of the 25th of November, Canaan shows the Mean Deviation of 5.73, downside deviation of 5.91, and Risk Adjusted Performance of 0.1374. Canaan Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.

Canaan Inc Price Movement Analysis

Canaan Outstanding Bonds

Canaan Predictive Daily Indicators

Canaan Forecast Models

Canaan's time-series forecasting models are one of many Canaan's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Canaan's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Canaan prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Canaan shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Canaan. By using and applying Canaan Stock analysis, traders can create a robust methodology for identifying Canaan entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Canaan analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Canaan analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Canaan Inc stock analysis indicators help investors evaluate how Canaan stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Canaan shares will generate the highest return on investment. By understating and applying Canaan stock analysis, traders can identify Canaan position entry and exit signals to maximize returns.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canaan. If investors know Canaan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canaan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.