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Canaan (CAN) Competitors

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$1.48 -0.03 (-1.99%)
(As of 11/14/2024 ET)

CAN vs. LASR, CEVA, EBON, AOSL, DQ, NSSC, BELFA, WOLF, JKS, and ICHR

Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include nLIGHT (LASR), CEVA (CEVA), Ebang International (EBON), Alpha and Omega Semiconductor (AOSL), Daqo New Energy (DQ), Napco Security Technologies (NSSC), Bel Fuse (BELFA), Wolfspeed (WOLF), JinkoSolar (JKS), and Ichor (ICHR).

Canaan vs.

nLIGHT (NASDAQ:LASR) and Canaan (NASDAQ:CAN) are both small-cap computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their community ranking, risk, dividends, profitability, earnings, analyst recommendations, institutional ownership, valuation and media sentiment.

nLIGHT has higher earnings, but lower revenue than Canaan. nLIGHT is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
nLIGHT$197.56M2.57-$41.67M-$1.03-10.18
Canaan$211.48M2.12-$414.15M-$1.55-0.95

nLIGHT presently has a consensus target price of $16.17, suggesting a potential upside of 54.12%. Canaan has a consensus target price of $3.38, suggesting a potential upside of 128.04%. Given Canaan's higher possible upside, analysts clearly believe Canaan is more favorable than nLIGHT.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
nLIGHT
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00
Canaan
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

In the previous week, Canaan had 2 more articles in the media than nLIGHT. MarketBeat recorded 15 mentions for Canaan and 13 mentions for nLIGHT. nLIGHT's average media sentiment score of 0.30 beat Canaan's score of 0.22 indicating that nLIGHT is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
nLIGHT
4 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Canaan
5 Very Positive mention(s)
0 Positive mention(s)
6 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Neutral

nLIGHT has a beta of 2.33, suggesting that its share price is 133% more volatile than the S&P 500. Comparatively, Canaan has a beta of 3.06, suggesting that its share price is 206% more volatile than the S&P 500.

nLIGHT received 181 more outperform votes than Canaan when rated by MarketBeat users. However, 63.64% of users gave Canaan an outperform vote while only 63.52% of users gave nLIGHT an outperform vote.

CompanyUnderperformOutperform
nLIGHTOutperform Votes
195
63.52%
Underperform Votes
112
36.48%
CanaanOutperform Votes
14
63.64%
Underperform Votes
8
36.36%

83.9% of nLIGHT shares are held by institutional investors. Comparatively, 70.1% of Canaan shares are held by institutional investors. 6.1% of nLIGHT shares are held by insiders. Comparatively, 0.3% of Canaan shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

nLIGHT has a net margin of -24.16% compared to Canaan's net margin of -158.65%. nLIGHT's return on equity of -19.53% beat Canaan's return on equity.

Company Net Margins Return on Equity Return on Assets
nLIGHT-24.16% -19.53% -15.91%
Canaan -158.65%-59.66%-44.41%

Summary

nLIGHT beats Canaan on 11 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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CAN vs. The Competition

MetricCanaanSemiconductors & related devices IndustryComputer SectorNASDAQ Exchange
Market Cap$447.49M$59.22B$24.23B$8.88B
Dividend YieldN/A2.33%2.77%4.03%
P/E Ratio-0.9536.88258.0217.46
Price / Sales2.1221.263,507.4592.80
Price / CashN/A24.5834.1436.42
Price / Book0.998.177.045.86
Net Income-$414.15M$999.37M$669.16M$225.15M
7 Day Performance2.78%-3.26%-0.73%-0.90%
1 Month Performance46.53%-3.78%1.71%3.70%
1 Year Performance-10.30%10.60%19.67%26.40%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
3.2197 of 5 stars
$1.48
-2.0%
$3.38
+128.0%
-6.2%$447.49M$211.48M-0.95350Gap Up
LASR
nLIGHT
3.0392 of 5 stars
$11.23
-23.5%
N/A+1.9%$540.50M$209.92M-10.901,100Gap Down
High Trading Volume
CEVA
CEVA
1.9499 of 5 stars
$28.27
-3.6%
N/A+38.6%$669.72M$97.42M-201.91424Gap Up
High Trading Volume
EBON
Ebang International
1.2011 of 5 stars
$6.96
-1.8%
N/A+11.2%$34.73M$3.59M0.00260Positive News
Gap Up
AOSL
Alpha and Omega Semiconductor
3.4588 of 5 stars
$26.49
-2.8%
N/A+30.8%$769.01M$657.27M-39.542,332Analyst Upgrade
Gap Up
DQ
Daqo New Energy
3.8896 of 5 stars
$21.70
-4.1%
N/A-24.7%$1.43B$2.31B-11.735,765Short Interest ↓
NSSC
Napco Security Technologies
4.3537 of 5 stars
$38.66
+1.2%
N/A+41.9%$1.42B$188.82M28.431,070
BELFA
Bel Fuse
0.3282 of 5 stars
$103.25
+1.0%
N/A+81.7%$1.30B$639.81M25.006,300Short Interest ↑
WOLF
Wolfspeed
2.7189 of 5 stars
$10.03
+20.4%
N/A-75.0%$1.27B$807.20M-1.695,013High Trading Volume
JKS
JinkoSolar
1.7962 of 5 stars
$23.05
-6.1%
N/A-40.8%$1.23B$16.72B39.0757,397Short Interest ↑
ICHR
Ichor
3.1873 of 5 stars
$33.68
-0.4%
N/A+34.9%$1.14B$811.12M-36.212,245

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This page (NASDAQ:CAN) was last updated on 11/14/2024 by MarketBeat.com Staff
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