CAN vs. CEVA, EBON, CSIQ, HIMX, SGH, IMOS, AOSL, NVTS, SPWR, and LASR
Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include CEVA (CEVA), Ebang International (EBON), Canadian Solar (CSIQ), Himax Technologies (HIMX), SMART Global (SGH), ChipMOS TECHNOLOGIES (IMOS), Alpha and Omega Semiconductor (AOSL), Navitas Semiconductor (NVTS), SunPower (SPWR), and nLIGHT (LASR).
CEVA (NASDAQ:CEVA) and Canaan (NASDAQ:CAN) are both small-cap computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, valuation, risk, dividends, earnings, analyst recommendations, institutional ownership, community ranking and media sentiment.
CEVA currently has a consensus price target of $27.00, indicating a potential upside of 34.60%. Canaan has a consensus price target of $4.25, indicating a potential upside of 312.62%. Given CEVA's stronger consensus rating and higher possible upside, analysts clearly believe Canaan is more favorable than CEVA.
CEVA received 604 more outperform votes than Canaan when rated by MarketBeat users. Likewise, 75.00% of users gave CEVA an outperform vote while only 61.11% of users gave Canaan an outperform vote.
CEVA has a net margin of -12.91% compared to CEVA's net margin of -192.95%. Canaan's return on equity of -5.70% beat CEVA's return on equity.
85.4% of CEVA shares are owned by institutional investors. Comparatively, 70.1% of Canaan shares are owned by institutional investors. 2.4% of CEVA shares are owned by company insiders. Comparatively, 0.3% of Canaan shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
In the previous week, Canaan had 2 more articles in the media than CEVA. MarketBeat recorded 3 mentions for Canaan and 1 mentions for CEVA. Canaan's average media sentiment score of 1.02 beat CEVA's score of -0.08 indicating that CEVA is being referred to more favorably in the media.
CEVA has a beta of 1.16, meaning that its share price is 16% more volatile than the S&P 500. Comparatively, Canaan has a beta of 3.11, meaning that its share price is 211% more volatile than the S&P 500.
CEVA has higher earnings, but lower revenue than Canaan. CEVA is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.
Summary
CEVA beats Canaan on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CAN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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