Canaan Inc - ADR Stock

$2.23

19.89% yesterday

Nasdaq, Jan 30, 10:17 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

$2.23

-3.63 61.95% 5Y

Nasdaq, Closing price Thu, Jan 30 2025

+0.37 19.89%

ISIN

US1347481020

Symbol

CAN

Reports

Quarter | Annual

Index

NASDAQ Composite, NASDAQ Golden Dragon China Index

Sector

Technology

Industry

Semiconductors

Key metrics

Market capitalization	$610.44m
Enterprise Value	$565.67m
P/E (TTM) P/E ratio	negative
EV/Sales (TTM) EV/Sales	2.46
P/S ratio (TTM) P/S ratio	2.66
P/B ratio (TTM) P/B ratio	2.04
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	2.34
EV/Sales forward	2.17
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

Neutral

PRNewsWire

●

10 days ago

Canaan Inc. Announces December 2024 Bitcoin Production and Mining Operation Updates and Provides FY2025 Financial Guidance

Expects total revenues for FY2025 in the range of US$900 million to US$1.1 billion SINGAPORE , Jan. 21, 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 December 31, 2024, and provided financial guidance for fiscal year 2025. Management Commentary "Since the beginnin...

Positive

The Motley Fool

●

13 days ago

Why Bitcoin and Related Stocks Soared on Friday

Many stocks and funds in the cryptocurrency sphere soared on Friday. The classic Bitcoin (BTC 4.52%) cryptocurrency gained as much as 5.3%, as measured from Thursday's market close, boosting a wide range of closely related investments in the process.

Neutral

PRNewsWire

●

23 days ago

Canaan Introduces Revolutionary Bitcoin Mining Heaters for Home and Personal Use in CES 2025

LAS VEGAS , Jan. 7, 2025 /PRNewswire/ -- Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES . The two innovative Bitcoin mining devices are designed to democratize cryptocurrency mining for individuals and turning a home heating system into a crypto mining device.

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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