Canaan Inc. (NASDAQ:CAN - Free Report) - B. Riley raised their FY2026 earnings per share estimates for shares of Canaan in a research note issued to investors on Wednesday, February 12th. B. Riley analyst N. Giles now expects that the company will post earnings of $0.61 per share for the year, up from their previous forecast of $0.51. The consensus estimate for Canaan's current full-year earnings is ($0.74) per share.
Several other research firms have also weighed in on CAN. Rosenblatt Securities boosted their price objective on shares of Canaan from $3.00 to $4.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. HC Wainwright reissued a "buy" rating and set a $3.00 price target on shares of Canaan in a research report on Wednesday, January 22nd.
Check Out Our Latest Report on CAN
Canaan Stock Up 2.3 %
CAN traded up $0.04 during trading on Thursday, reaching $1.79. 12,097,365 shares of the stock were exchanged, compared to its average volume of 16,136,154. The stock has a market cap of $504.03 million, a P/E ratio of -1.33 and a beta of 3.26. Canaan has a twelve month low of $0.72 and a twelve month high of $3.27. The stock's 50 day moving average price is $2.15 and its two-hundred day moving average price is $1.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.45 and a current ratio of 2.03.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in shares of Canaan in the fourth quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new position in Canaan in the 4th quarter valued at $33,000. Wellington Management Group LLP acquired a new position in Canaan in the 4th quarter valued at $48,000. Chesapeake Capital Corp IL acquired a new position in shares of Canaan in the fourth quarter valued at about $79,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Canaan in the fourth quarter valued at about $83,000. Institutional investors and hedge funds own 70.14% of the company's stock.
Canaan Company Profile
(
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Canaan Inc engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.
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