Canaan share price today

(CAN)

Canaan share price is $2.32 & ₹197.14 as on 21 Dec 2024, 2.30 'hrs' IST

$2.32

▲

0.01

(0.43%)

Market is closed - opens 8 PM, 23 Dec 2024

View live Canaan share price in Dollar and Rupees. Guide to invest in Canaan from India. Also see the sentimental analysis on Indian investors investing in Canaan. Get details on the Indian mutual funds that are investing in Canaan. Get Analyst recommendations and forecasts along with all the Canaan's financials.

Canaan share price movements

Today's Low: $2.18
Today's High: $2.40
$2.32
6.09%
Downside
Day's Volatility :9.03%
Upside
3.13%
52 Weeks Low: $0.72
52 Weeks High: $3.50
$2.32
68.97%
Downside
52 Weeks Volatility :79.43%
Upside
33.71%

Canaan Returns

Period	Canaan Inc	Sector (Technology)	Index (Russel 2000)
3 Months	146.83%	6.0%	0.0%
6 Months	125.24%	3.3%	0.0%
1 Year	-23.43%	23.0%	0.0%
3 Years	-57.43%	39.0%	-19.7%

Canaan Key Statistics

in dollars & INR

Previous Close	$2.31
Open	$2.21
Today's High	$2.395
Today's Low	$2.1787
Market Capitalization	$434.5M
Today's Volume	$26.8M
52 Week High	$3.5
52 Week Low	$0.72
Revenue TTM	$189.3M
EBITDA	$-270.6M
Earnings Per Share (EPS)	$-1.43
Profit Margin	-158.65%
Quarterly Earnings Growth YOY	-0.92%
Return On Equity TTM	-74.69%

How to invest in Canaan from India?

It is very easy for Indian residents to invest directly in Canaan from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Canaan stock in both Indian Rupees (INR) and US Dollars (USD). Search for Canaan or CAN on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Canaan or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Canaan shares which would translate to 0.366 fractional shares of Canaan as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India , including recognised companies like Canaan, in just a few clicks!

Returns in Canaan for Indian investors in Rupees

Investment Value

₹1,00,000

Canaan investment value today

Current value as on today

₹1,25,628

Returns

₹25,628

(+25.63%)

Returns from Canaan Stock

₹23,432 (false-23.43%)

Dollar Returns

₹2,196 (+2.2%)

Indian investors sentiment towards Canaan

8.62%

Period: Sep 22, 2024 to Dec 21, 2024. Change in 30 Days versus previous period

Investment in Canaan from India has grown in the last 30 days as on Dec 22, 2024. 8.62% more purchase transactions for Canaan in the last 30 days versus the previous period.

65%

Period: Sep 22, 2024 to Dec 21, 2024. Change in 30 Days versus previous period

Search volume for Canaan on INDmoney from India has grown in the last 30 days as on Dec 22, 2024. 65% more investors are searching Canaan in the last 30 days versus the previous period.

Global Institutional Holdings in Canaan

Van Eck Associates Corporation
3.18%
State Street Corp
3.16%
Vanguard Group Inc
2.96%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
2.33%
SG Americas Securities, LLC
0.70%
Geode Capital Management, LLC
0.70%

Analyst Recommendation on Canaan

Buy

80%Buy

20%Hold

0%Sell

Based on 5 Wall street analysts offering stock ratings for Canaan(by analysts ranked 0 to 5 stars)

Based on 5 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Canaan

What analysts predicted

Upside of 6.9%

Current:

$2.32

Target:

$2.48

Insights on Canaan

Price Movement
In the last 7 days, CAN stock has moved down by -18.9%
Increasing Revenue
Revenue is up for the last 4 quarters, 35.03M → 73.60M (in $), with an average increase of 17.9% per quarter
Decreasing Net Profit
Netprofit is down for the last 4 quarters, -39.32M → -75.57M (in $), with an average decrease of 29.0% per quarter
CAN vs ANET (1 yr)
In the last 1 year, Arista Networks, Inc. has given 91.7% return, outperforming this stock by 101.8%
CAN vs ANET (3 yr)
In the last 3 years, Arista Networks, Inc. has given 227.2% return, outperforming this stock by 282.2%
Price to Sales
ForCAN every $1 of sales, investors are willing to pay $2.7, whereas for Arista Networks, Inc., the investors are paying $5.3 for every $1 of sales.

Canaan Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$392.7M	↑ 106.81%
Net Income	$17.8M	↓ 67.42%
Net Profit Margin	4.53%	↓ 24.2%

	FY19	Y/Y Change
Revenue	$29.0M	↓ 92.48%
Net Income	$-15.6M	↓ 189.2%
Net Profit Margin	-53.71%	↓ 58.24%

	FY20	Y/Y Change
Revenue	$10.5M	↓ 66.27%
Net Income	$-5.0M	↓ 69.83%
Net Profit Margin	-48.05%	↑ 5.66%

	FY21	Y/Y Change
Revenue	$121.1M	↑ 1024.42%
Net Income	$48.4M	↓ 1036.07%
Net Profit Margin	40.0%	↑ 88.05%

	FY22	Y/Y Change
Revenue	$94.1M	↓ 14.89%
Net Income	$10.1M	↓ 77.18%
Net Profit Margin	10.73%	↓ 29.27%

	FY23	Y/Y Change
Revenue	$29.6M	↓ 67.78%
Net Income	$-58.0M	↓ 688.3%
Net Profit Margin	-195.84%	↓ 206.57%

	Q2 FY23	Q/Q Change
Revenue	$4.6M	↓ 54.91%
Net Income	$-11.2M	↓ 27.67%
Net Profit Margin	-240.41%	↓ 90.56%

	Q3 FY23	Q/Q Change
Revenue	$14.3M	↑ 213.93%
Net Income	$-30.7M	↑ 179.65%
Net Profit Margin	-214.16%	↑ 26.25%

	Q4 FY23	Q/Q Change
Revenue	$4.9M	↓ 66.49%
Net Income	$-5.5M	↓ 82.43%
Net Profit Margin	-112.26%	↑ 101.9%

	Q1 FY24	Q/Q Change
Revenue	$10.0M	↑ 105.12%
Net Income	$-5.8M	↑ 6.49%
Net Profit Margin	-58.28%	↑ 53.98%

	Q2 FY24	Q/Q Change
Revenue	$9.9M	↑ 0.0%
Net Income	$-5.8M	↑ 0.0%
Net Profit Margin	-58.28%	↑ 0.0%

	Q3 FY24	Q/Q Change
Revenue	$73.6M	↑ 2.44%
Net Income	$-75.6M	↑ 80.46%
Net Profit Margin	-102.68%	↓ 44.4%

	FY18	Y/Y Change
Profit	$73.8M	↓ 15.93%

	FY19	Y/Y Change
Profit	$-10.5M	↓ 114.51%

	FY20	Y/Y Change
Profit	$884.4K	↓ 107.84%

	FY21	Y/Y Change
Profit	$69.2M	↑ 7520.13%

	FY22	Y/Y Change
Profit	$33.2M	↓ 47.38%

	FY23	Y/Y Change
Profit	$-33.7M	↓ 203.79%

	Q2 FY23	Q/Q Change
Profit	$-9.6M	↓ 1.47%

	Q3 FY23	Q/Q Change
Profit	$-14.0M	↑ 47.49%

	Q4 FY23	Q/Q Change
Profit	$-5.2M	↓ 63.41%

	Q1 FY24	Q/Q Change
Profit	$-2.7M	↓ 48.66%

	Q2 FY24	Q/Q Change
Profit	$-2.6M	↑ 0.0%

	Q3 FY24	Q/Q Change
Profit	$-21.5M	↑ 12.45%

	FY18	Y/Y Change
Operating Cash Flow	$-1.8M	↓ 113.97%
Investing Cash Flow	$12.2M	↓ 196.78%
Financing Cash Flow	$42.8M	↑ 96.8%

	FY19	Y/Y Change
Operating Cash Flow	$-39.9M	↑ 2097.74%
Investing Cash Flow	$-2.3M	↓ 119.45%
Financing Cash Flow	$39.6M	↓ 5.84%

	FY20	Y/Y Change
Operating Cash Flow	$990.6K	↓ 102.31%
Investing Cash Flow	$-7.6M	↑ 203.59%
Financing Cash Flow	$-2.6M	↓ 106.17%

	FY21	Y/Y Change
Operating Cash Flow	$31.7M	↑ 3015.35%
Investing Cash Flow	$803.2K	↓ 110.32%
Financing Cash Flow	$21.8M	↓ 910.15%

	FY22	Y/Y Change
Operating Cash Flow	$-26.4M	↓ 191.13%
Investing Cash Flow	$-4.3M	↓ 692.83%
Financing Cash Flow	$-8.1M	↓ 140.73%

	Q3 FY22	Q/Q Change
Operating Cash Flow	$-23.5M	↓ 257.49%
Investing Cash Flow	$1.4M	-
Financing Cash Flow	$-1.2M	-

	Q4 FY22	Q/Q Change
Operating Cash Flow	$12.4M	↓ 152.74%
Investing Cash Flow	$1.4M	↑ 0.0%
Financing Cash Flow	$-7.2M	↑ 474.4%

Canaan Technicals Summary

Sell

Neutral

Buy

Canaan is currently in a neutral trading position according to technical analysis indicators.

Canaan Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Canaan Inc	17.77%	125.24%	-23.43%	-57.43%	-59.23%
Hp Inc.	-13.61%	-9.26%	8.32%	-12.51%	59.98%
Arista Networks, Inc.	11.01%	37.07%	89.97%	218.11%	782.02%
Dell Technologies Inc. - Class C Shares	-19.72%	-15.84%	50.35%	107.18%	349.19%
Netapp, Inc.	-3.18%	-6.27%	32.52%	30.7%	88.43%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Canaan Inc	4.76	NA	NA	-0.29	-0.75	-0.36	NA	1.31
Hp Inc.	11.55	11.55	1.19	3.39	0.0	0.07	0.03	-1.44
Arista Networks, Inc.	52.44	52.44	2.53	2.19	0.34	0.16	NA	29.37
Dell Technologies Inc. - Class C Shares	19.82	19.82	0.59	6.66	0.44	0.04	0.01	-3.41
Netapp, Inc.	21.46	21.46	1.77	6.46	1.2	0.09	0.02	5.56

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Canaan Inc	Buy	$434.5M	-59.23%	4.76	-158.65%
Hp Inc.	Buy	$30.4B	59.98%	11.55	5.33%
Arista Networks, Inc.	Buy	$137.4B	782.02%	52.44	40.29%
Dell Technologies Inc. - Class C Shares	Buy	$78.4B	349.19%	19.82	4.33%
Netapp, Inc.	Hold	$24.1B	88.43%	21.46	17.01%

About Canaan

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 $2.32. .

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

Management People of Canaan

Name	Title
Mr. Nangeng Zhang	Chairman & CEO
Mr. James Jin Cheng	Chief Financial Officer
Ms. Lu Meng	Secretary of the Board
Ms. Zhang Xi	Investor Relations Manager

Important FAQs about investing in Canaan from India :

What is Canaan share price today?

Canaan share price today stands at $2.32, Open: $2.21 ; Previous Close: $2.31 ; High: $2.40 ; Low: $2.18 ; 52 Week High: $3.50 ; 52 Week Low: $0.72. The stock opens at $2.21, after a previous close of $2.31. The stock reached a daily high of $2.40 and a low of $2.18, with a 52-week high of $3.50 and a 52-week low of $0.72.

Can Indians buy Canaan shares?

Yes, Indians can invest in the Canaan (CAN) from India.

With INDmoney, you can buy Canaan at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Canaan at zero transaction cost.

How can I buy Canaan shares from India?

It is very easy to buy Canaan from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Canaan be purchased?

Yes, you can buy fractional shares of Canaan with INDmoney app.

What are the documents required to start investing in Canaan stocks?

To start investing in Canaan, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.