Canaan Inc. (NASDAQ:CAN - Free Report) - HC Wainwright issued their Q1 2025 EPS estimates for shares of Canaan in a note issued to investors on Thursday, March 27th. HC Wainwright analyst K. Dede expects that the company will earn ($0.15) per share for the quarter. HC Wainwright currently has a "Buy" rating and a $3.00 target price on the stock. The consensus estimate for Canaan's current full-year earnings is ($0.74) per share. HC Wainwright also issued estimates for Canaan's Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.00 EPS.
Other equities analysts have also issued reports about the stock. Compass Point began coverage on shares of Canaan in a research report on Tuesday, March 18th. They set a "buy" rating and a $2.50 price target on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $8.00 price objective on shares of Canaan in a research note on Thursday, March 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Canaan currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.88.
Check Out Our Latest Analysis on Canaan
Canaan Stock Performance
CAN stock traded down $0.08 during trading hours on Monday, hitting $0.82. 12,880,325 shares of the stock were exchanged, compared to its average volume of 11,453,341. The company has a 50-day simple moving average of $1.42 and a two-hundred day simple moving average of $1.59. The firm has a market capitalization of $230.93 million, a P/E ratio of -0.61 and a beta of 3.39. Canaan has a 12 month low of $0.72 and a 12 month high of $3.27. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.08.
Canaan (NASDAQ:CAN - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported ($2.17) EPS for the quarter, missing the consensus estimate of ($0.88) by ($1.29). The firm had revenue of $88.77 million during the quarter, compared to analyst estimates of $88.50 million. Canaan had a negative net margin of 128.85% and a negative return on equity of 60.37%. During the same period in the previous year, the company posted ($2.16) EPS.
Hedge Funds Weigh In On Canaan
A number of hedge funds have recently bought and sold shares of CAN. EntryPoint Capital LLC bought a new stake in shares of Canaan in the 4th quarter worth approximately $32,000. Raymond James Financial Inc. bought a new stake in Canaan during the fourth quarter valued at $33,000. Wellington Management Group LLP bought a new stake in shares of Canaan during the 4th quarter valued at about $48,000. Chesapeake Capital Corp IL bought a new position in shares of Canaan in the 4th quarter worth $79,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Canaan during the fourth quarter valued at about $83,000. 70.14% of the stock is owned by hedge funds and other institutional investors.
About Canaan
(
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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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