Canaan Inc - ADR Stock

$1.27

2.42%

Nasdaq, Mar 07, 10:16 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

$1.27

-2.11 62.43% 5Y

Nasdaq, Closing price Fri, Mar 07 2025

+0.03 2.42%

ISIN

US1347481020

Symbol

CAN

Reports

Quarter | Annual

Index

NASDAQ Composite, NASDAQ Golden Dragon China Index

Sector

Technology

Industry

Semiconductors

Key metrics

Market capitalization	$347.65m
Enterprise Value	$302.88m
P/E (TTM) P/E ratio	negative
EV/Sales (TTM) EV/Sales	1.32
P/S ratio (TTM) P/S ratio	1.51
P/B ratio (TTM) P/B ratio	1.16
Revenue growth (TTM) Revenue growth	5.59%
Revenue (TTM) Revenue	$229.63m
EBIT (operating result TTM) EBIT	$-257.80m
Cash position	$71.78m
EPS (TTM) EPS	$-1.35
P/E forward	negative
P/S forward	1.31
EV/Sales forward	1.14
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	-178 -178	- -78%
- Depreciation and Amortization	80 80	- 35%
EBIT (Operating Income) EBIT	-258 -258	36% 36% -112%
Net Profit	-296 -296	12% 12% -129%

In millions USD.

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Canaan Inc - ADR Stock News

Positive

Seeking Alpha

●

5 days ago

Canaan Presents A Golden Opportunity

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 a...

Neutral

PRNewsWire

●

7 days ago

Canaan Inc. Announces February 2025 Bitcoin Production, Mining Operation Updates, and Preliminary Fourth Quarter 2024 Financial Results

SINGAPORE , March 3, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining and operational update for February 2025 and announced preliminary unaudited financial results for the fourth quarter ended December 31, 2024. Management Commentary "Despite February being a shorter month, we continued to mak...

Neutral

PRNewsWire

●

19 days ago

Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates

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 a...

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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