Canaan Inc (CAN)

$0.92

-0.03

(-3.54%)▲

Market is closed - opens 7 PM, 09 Sep 2024

Performance

  • $0.91
    $0.95
    $0.92
    downward going graph

    1.48%

    Downside

    Day's Volatility :4.47%

    Upside

    3.04%

    downward going graph
  • $0.72
    $3.50
    $0.92
    downward going graph

    21.74%

    Downside

    52 Weeks Volatility :79.43%

    Upside

    73.71%

    downward going graph

Returns

PeriodCanaan IncSector (Technology)Index (Russel 2000)
3 Months
-11.03%
-5.4%
0.0%
6 Months
-39.31%
-3.1%
0.0%
1 Year
-52.02%
18.3%
0.0%
3 Years
-90.43%
27.9%
-22.3%

Highlights

Market Capitalization
271.7M
Book Value
$1.31
Earnings Per Share (EPS)
-1.51
Wall Street Target Price
3.0
Profit Margin
-164.87%
Operating Margin TTM
60.5%
Return On Assets TTM
-38.25%
Return On Equity TTM
-85.88%
Revenue TTM
209.5M
Revenue Per Share TTM
0.93
Quarterly Revenue Growth YOY
97.39999999999999%
Gross Profit TTM
1.5B
EBITDA
-252.9M
Diluted Eps TTM
-1.51
Quarterly Earnings Growth YOY
-0.92
EPS Estimate Current Year
-0.04
EPS Estimate Next Year
-0.02
EPS Estimate Current Quarter
0.0
EPS Estimate Next Quarter
0.0

Analyst Recommendation

Buy
    80%Buy
    20%Hold
    0
    0%Sell
Based on 5 Wall street analysts offering stock ratings for Canaan Inc(by analysts ranked 0 to 5 stars)
Based on 5 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
4
5
5
Hold
1
1
1
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 226.09%

Current $0.92
Target $3.00

Company Financials

FY18Y/Y Change
Revenue
392.7M
↑ 106.81%
Net Income
17.8M
↓ 67.42%
Net Profit Margin
4.53%
↓ 24.2%
FY19Y/Y Change
Revenue
29.0M
↓ 92.48%
Net Income
-15.6M
↓ 189.2%
Net Profit Margin
-53.71%
↓ 58.24%
FY20Y/Y Change
Revenue
10.5M
↓ 66.3%
Net Income
988.1K
↓ 105.92%
Net Profit Margin
9.43%
↑ 63.14%
FY21Y/Y Change
Revenue
122.8M
↑ 1041.71%
Net Income
48.5M
↑ 4682.57%
Net Profit Margin
39.51%
↑ 30.08%
FY22Y/Y Change
Revenue
627.5M
↑ 459.72%
Net Income
94.3M
↑ 112.97%
Net Profit Margin
15.03%
↓ 24.48%
FY23Y/Y Change
Revenue
211.5M
↓ 95.17%
Net Income
-414.2M
↓ 162.92%
Net Profit Margin
-195.84%
↓ 210.87%
Q1 FY23Q/Q Change
Revenue
10.7M
↑ 33.71%
Net Income
-16.1M
↑ 31.18%
Net Profit Margin
-149.85%
↑ 2.9%
Q2 FY23Q/Q Change
Revenue
4.7M
↓ 54.88%
Net Income
-11.2M
↓ 27.62%
Net Profit Margin
-240.41%
↓ 90.56%
Q3 FY23Q/Q Change
Revenue
49.1M
↑ 47.28%
Net Income
-139.0M
↑ 73.55%
Net Profit Margin
-283.28%
↓ 42.87%
Q4 FY23Q/Q Change
Revenue
35.1M
↓ 28.49%
Net Income
-39.4M
↓ 71.66%
Net Profit Margin
-112.26%
↑ 171.02%
Q1 FY24Q/Q Change
Revenue
71.9M
↑ 104.78%
Net Income
-41.9M
↑ 6.31%
Net Profit Margin
-58.28%
↑ 53.98%
Q2 FY24Q/Q Change
Revenue
71.9M
↑ 0.0%
Net Income
-41.9M
↑ 0.0%
Net Profit Margin
-58.28%
↑ 0.0%
FY18Y/Y Change
Total Assets
203.6M
↑ 16.58%
Total Liabilities
168.6M
↑ 235.77%
FY19Y/Y Change
Total Assets
20.2M
↓ 89.9%
Total Liabilities
6.1M
↓ 96.33%
FY20Y/Y Change
Total Assets
24.3M
↑ 11.95%
Total Liabilities
14.1M
↑ 116.54%
FY21Y/Y Change
Total Assets
138.7M
↑ 457.03%
Total Liabilities
53.5M
↑ 268.96%
FY22Y/Y Change
Total Assets
697.9M
↑ 451.15%
Total Liabilities
66.3M
↑ 35.62%
FY23Y/Y Change
Total Assets
493.3M
↓ 89.87%
Total Liabilities
145.1M
↓ 68.62%
Q1 FY23Q/Q Change
Total Assets
78.1M
↓ 15.03%
Total Liabilities
16.3M
↑ 31.24%
Q2 FY23Q/Q Change
Total Assets
64.8M
↓ 13.8%
Total Liabilities
14.1M
↓ 10.35%
Q3 FY23Q/Q Change
Total Assets
493.3M
↑ 6.29%
Total Liabilities
145.1M
↑ 44.13%
Q4 FY23Q/Q Change
Total Assets
534.1M
↑ 8.27%
Total Liabilities
122.4M
↓ 15.66%
Q1 FY24Q/Q Change
Total Assets
525.5M
↓ 1.6%
Total Liabilities
147.3M
↑ 20.4%
Q2 FY24Q/Q Change
Total Assets
525.5M
↑ 0.0%
Total Liabilities
147.3M
↑ 0.0%
FY18Y/Y Change
Operating Cash Flow
-1.8M
↓ 113.97%
Investing Cash Flow
12.2M
↓ 196.78%
Financing Cash Flow
42.8M
↑ 96.8%
FY19Y/Y Change
Operating Cash Flow
-39.9M
↑ 2097.74%
Investing Cash Flow
-2.3M
↓ 119.45%
Financing Cash Flow
39.6M
↓ 5.84%
FY20Y/Y Change
Operating Cash Flow
6.5M
↓ 115.1%
Investing Cash Flow
-7.6M
↑ 203.59%
Financing Cash Flow
-17.1M
↓ 140.27%
FY21Y/Y Change
Operating Cash Flow
225.9M
↑ 3301.78%
Investing Cash Flow
803.2K
↓ 110.32%
Financing Cash Flow
142.2M
↓ 909.23%
FY22Y/Y Change
Operating Cash Flow
-35.2M
↓ 117.09%
Investing Cash Flow
-4.3M
↓ 692.83%
Financing Cash Flow
-7.6M
↓ 105.85%
Q3 FY22Q/Q Change
Operating Cash Flow
-164.2M
↓ 257.49%
Investing Cash Flow
9.9M
-
Financing Cash Flow
-8.7M
-
Q4 FY22Q/Q Change
Operating Cash Flow
86.6M
↓ 152.74%
Investing Cash Flow
9.9M
↑ 0.0%
Financing Cash Flow
-49.9M
↑ 474.4%

Technicals Summary

Sell

Neutral

Buy

Canaan Inc is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Canaan Inc
Canaan Inc
10.22%
-39.31%
-52.02%
-90.43%
-89.81%
Hp Inc.
Hp Inc.
5.62%
10.67%
15.35%
18.05%
77.91%
Arista Networks, Inc.
Arista Networks, Inc.
-0.95%
9.71%
60.74%
249.76%
443.95%
Dell Technologies Inc. - Class C Shares
Dell Technologies Inc. - Class C Shares
16.05%
-15.35%
47.87%
109.53%
270.54%
Super Micro Computer, Inc.
Super Micro Computer, Inc.
-21.56%
-66.68%
44.48%
952.45%
1331.33%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Canaan Inc
Canaan Inc
4.76
NA
NA
-0.04
-0.86
-0.38
NA
1.31
Hp Inc.
Hp Inc.
12.4
12.4
3.87
3.39
0.0
0.07
0.03
-1.44
Arista Networks, Inc.
Arista Networks, Inc.
40.82
40.82
1.79
8.26
0.34
0.16
NA
26.84
Dell Technologies Inc. - Class C Shares
Dell Technologies Inc. - Class C Shares
19.73
19.73
0.72
6.66
0.44
0.04
0.02
-4.0
Super Micro Computer, Inc.
Super Micro Computer, Inc.
19.24
19.24
0.76
23.86
0.32
0.12
NA
93.2
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Canaan Inc
Canaan Inc
Buy
$271.7M
-89.81%
4.76
-164.87%
Hp Inc.
Hp Inc.
Buy
$34.1B
77.91%
12.4
5.33%
Arista Networks, Inc.
Arista Networks, Inc.
Buy
$98.7B
443.95%
40.82
39.01%
Dell Technologies Inc. - Class C Shares
Dell Technologies Inc. - Class C Shares
Buy
$75.8B
270.54%
19.73
4.33%
Super Micro Computer, Inc.
Super Micro Computer, Inc.
Buy
$24.3B
1331.33%
19.24
8.09%

Insights on Canaan Inc

  • Increasing Revenue

    Revenue is up for the last 3 quarters, 35.09M → 71.85M (in $), with an average increase of 25.6% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 3 quarters, -39.39M → -41.88M (in $), with an average decrease of 3.2% per quarter

  • Vs ANET

    In the last 1 year, Arista Networks, Inc. has given 60.7% return, outperforming this stock by 112.7%

  • Vs SMCI

    In the last 3 years, Super Micro Computer, Inc. has given 249.8% return, outperforming this stock by 340.2%

Institutional Holdings

  • Van Eck Associates Corporation

    3.39%

  • Vanguard Group Inc

    1.93%

  • SG Americas Securities, LLC

    1.83%

  • Two Sigma Investments LLC

    0.94%

  • Exchange Traded Concepts, LLC

    0.86%

  • Group One Trading, LP

    0.72%

Company Information

Canaan Inc. is a computer hardware manufacturer and a leading provider of supercomputing solutions. While mitigating today’s computing hardware limitations, Canaan Inc. stands out with its superior cost efficiencies and high-level performance. Founded by Nangeng Zhang in 2013, the company is currently headquartered in Beijing, China. It was established as Canaan Creative while N.G. Zhang was studying medicine. In 2016, Canaan executed a reverse takeover of Shandong Luyitong, which is a public company listed on Shenzhen Stock Exchange for USD 466 million. Further in 2019, Canaan raised USD 90 million from its initial public offering in the U.S. stock market. It got listed on NASDAQ. The world’s first ASIC-powered bitcoin machine was built by Canaan Inc. in 2013 that paved the way for the bitcoin mining sector, which is computationally advanced. The company is actively involved in the research and designing of Integrated Circuits (IC) final system products and integrating the same with bitcoin mining and related components. Apart from this, the company assembles system products along with its supply chain and distribution. It focuses on the development of advanced technology including Artificial Intelligence. With AI chips as a base, Canaan has been successful in developing an intellectual value chain. Canaan also offers complete AI service solutions along with an option to tailor them according to the needs of the clients. The areas include AI algorithms, chip integration, AI architectures, AI chips, and systems on a chip. Currently Canaan Inc has a market cap of $0.28 Billion. It has a P.E ratio of 0.0. The shares of Canaan Inc are trading at $0.92. .

Organization
Canaan Inc
Employees
445
CEO
Mr. Nangeng Zhang
Industry
Electronic Technology

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