Canaan Inc - ADR Stock

$2.08

5.58% yesterday

Nasdaq, Nov 25, 10:18 pm CET

ISIN

US1347481020

Symbol

CAN

Reports

Quarter | Annual

Index

NASDAQ Composite, NASDAQ Golden Dragon China Index

Sector

Technology

Industry

Semiconductors

Overview Dividends Analysts Charts News Strategies

Canaan Inc - ADR Stock price

$2.08

-6.21 74.91% 5Y

Nasdaq, Closing price Mon, Nov 25 2024

+0.11 5.58%

ISIN

US1347481020

Symbol

CAN

Reports

Quarter | Annual

Index

NASDAQ Composite, NASDAQ Golden Dragon China Index

Sector

Technology

Industry

Semiconductors

Key metrics

Market capitalization	$569.38m
Enterprise Value	$524.61m
P/E (TTM) P/E ratio	negative
EV/Sales (TTM) EV/Sales	2.28
P/S ratio (TTM) P/S ratio	2.48
P/B ratio (TTM) P/B ratio	1.90
Revenue growth (TTM) Revenue growth	5.59%
Revenue (TTM) Revenue	$229.63m
EBIT (operating result TTM) EBIT	$-251.03m
Cash position	$71.78m
EPS (TTM) EPS	$-1.35
P/E forward	negative
P/S forward	2.20
EV/Sales forward	2.02
Short interest	8.79%

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Canaan Inc - ADR Stock Analysis

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4 Analysts have issued a Canaan Inc - ADR forecast:

4x Buy

100%

More details on Analyst Estimates Including Price Targets

4 Analysts have issued a Canaan Inc - ADR forecast:

Buy

100%

Analyst Estimates with Stock Price Targets

Financial data from Canaan Inc - ADR

Income Statement P&L | Balance Sheet | Cash Flow

Quarter TTM Annually

Sep '24		+/- %
Revenue	230 230	6% 6% 100%
- Direct Costs	367 367	16% 16% 160%
Gross Profit	-137 -137	37% 37% -60%
- Selling and Administrative Expenses	-	-
- Research and Development Expense	55 55	35% 35% 24%
EBITDA	-171 -171	- -74%
- Depreciation and Amortization	80 80	- 35%
EBIT (Operating Income) EBIT	-251 -251	37% 37% -109%
Net Profit	-296 -296	12% 12% -129%

In millions USD.

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Canaan Inc - ADR Stock News

Neutral

PRNewsWire

●

about 3 hours ago

Canaan Inc. Closes Series A-1 Preferred Shares Financing

SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the "Preferred Shares Financing"), raising total gross proceeds of US$30 million. On November 19, 2024, the Company entered into a securities p...

Positive

Proactive Investors

●

5 days ago

HIVE Digital expands Bitcoin mining capacity with purchase of 5,000 Canaan Avalon miners

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan, enhancing its mining efficiency and operational capacity. This follows an earlier acquisition of 6,500 Avalon miners, bringing November's total orders to 11,500 units.

Positive

Seeking Alpha

●

5 days ago

Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?

Canaan's Q3 earnings report beat analyst expectations for top line revenue but missed on EPADS. The company grew compute power sold by 92% year over and improved rate by 12%. Canaan's Avalon Nano 3 machine could conceivably generate increased interest from home miners if the psychological level of $100k BTC is breached.

More Canaan Inc - ADR News

Company Profile

Canaan, Inc. designs and sells integrated circuits. It offers Kendryte AI and Avalon Miner products. The firm is a developer of supercomputing chips and the manufacturer of digital block chain computing equipment as well as the supplier of overall scheme for computer software and hardware of digital block chain. The company was founded by Li Jiaxuan, Liu Xiangfu and Zhang Nangeng in 2013 and is headquartered in Hangzhou, China.

Head office	Cayman Islands
CEO	Nan Zhang
Employees	445
Founded	2013
Website	www.canaan.io

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