Canaan Inc Stock Today
| CAN Stock | USD 1.97 0.15 8.24% |
Performance11 of 100
| Odds Of DistressLess than 38
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Canaan is selling at 1.97 as of the 24th of November 2024; that is 8.24 percent increase since the beginning of the trading day. The stock's open price was 1.82. Canaan has about a 38 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Canaan Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Semiconductors & Semiconductor Equipment | IPO Date 20th of November 2019 | Category Technology | Classification Information Technology |
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. The company has 266.96 M outstanding shares of which 23.45 M shares are currently shorted by investors with about 3.82 days to cover. More on Canaan Inc
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Canaan Stock Highlights
| Thematic Idea | Electronic Equipment (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Horizons Canadian Dollar Currency ETF, CAN, Canarc Resource Corp, Canopy Holdings AS, Carrefour SA] | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Semiconductors & Semiconductor Equipment, Information Technology, NASDAQ Composite, HNX MidSmall Cap, Electronic Equipment, Information Technology, Semiconductors & Semiconductor Equipment, Computer Hardware, Technology, Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsCanaan can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canaan's financial leverage. It provides some insight into what part of Canaan's total assets is financed by creditors.
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Canaan Inc (CAN) is traded on NASDAQ Exchange in USA. It is located in 28 Ayer Rajah Crescent #06-08, Singapore, Singapore, 139959 and employs 445 people. Canaan is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 434.49 M. Canaan Inc runs under Semiconductors & Semiconductor Equipment sector within Information Technology industry. The entity has 266.96 M outstanding shares of which 23.45 M shares are currently shorted by investors with about 3.82 days to cover.
Canaan Inc has about 2.64 B in cash with (123.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.4, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Canaan Probability Of Bankruptcy
Ownership AllocationCanaan holds a total of 266.96 Million outstanding shares. Almost 79.42 percent of Canaan outstanding shares are held by general public with 20.58 % by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Canaan Ownership Details
Canaan Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Blackrock Inc | 2024-06-30 | 1.1 M | |
| Prime Capital Investment Advisors, Llc | 2024-09-30 | 914.4 K | |
| Citadel Advisors Llc | 2024-09-30 | 894.3 K | |
| Goldman Sachs Group Inc | 2024-06-30 | 803.3 K | |
| Two Sigma Advisers, Llc | 2024-06-30 | 779.7 K | |
| Jane Street Group Llc | 2024-06-30 | 679.7 K | |
| Millennium Management Llc | 2024-06-30 | 668.8 K | |
| Quadrature Capital Llp | 2024-09-30 | 545 K | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 467.2 K | |
| Van Eck Associates Corporation | 2024-06-30 | 9.8 M | |
| State Street Corp | 2024-06-30 | 9.1 M |
Canaan Historical Income Statement
Canaan Stock Against Markets
Canaan Corporate Management
| Lu Meng | Secretary Board | Profile | |
| Zhang Xi | Investor Manager | Profile | |
| Nangeng Zhang | Chairman CEO | Profile | |
| Clark Soucy | Investor Director | Profile | |
| James Cheng | Chief Officer | Profile |
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.
Quarterly Earnings Growth (0.92) | Earnings Share (1.43) | Revenue Per Share 0.867 | Quarterly Revenue Growth (0.03) | Return On Assets (0.36) |
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.