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Canaan (CAN) Competitors

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$0.75 +0.07 (+10.91%)
Closing price 04/14/2025 04:00 PM Eastern
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$0.75 +0.00 (+0.39%)
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CAN vs. PENG, COMM, SEDG, BELFA, NSSC, AIOT, ICHR, SHLS, AAOI, and IMOS

Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include Penguin Solutions (PENG), CommScope (COMM), SolarEdge Technologies (SEDG), Bel Fuse (BELFA), Napco Security Technologies (NSSC), Powerfleet (AIOT), Ichor (ICHR), Shoals Technologies Group (SHLS), Applied Optoelectronics (AAOI), and ChipMOS TECHNOLOGIES (IMOS). These companies are all part of the "electronic equipment" industry.

Canaan vs.

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

70.1% of Canaan shares are owned by institutional investors. 0.3% of Canaan shares are owned by company insiders. Comparatively, 2.6% of Penguin Solutions shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

In the previous week, Canaan had 14 more articles in the media than Penguin Solutions. MarketBeat recorded 15 mentions for Canaan and 1 mentions for Penguin Solutions. Penguin Solutions' average media sentiment score of 1.30 beat Canaan's score of 0.62 indicating that Penguin Solutions is being referred to more favorably in the news media.

Company Overall Sentiment
Canaan Positive
Penguin Solutions Positive

Penguin Solutions has a net margin of -2.21% compared to Canaan's net margin of -128.85%. Penguin Solutions' return on equity of 11.70% beat Canaan's return on equity.

Company Net Margins Return on Equity Return on Assets
Canaan-128.85% -60.37% -42.71%
Penguin Solutions -2.21%11.70%3.12%

Canaan currently has a consensus target price of $3.88, indicating a potential upside of 417.98%. Penguin Solutions has a consensus target price of $24.94, indicating a potential upside of 47.30%. Given Canaan's higher probable upside, equities analysts clearly believe Canaan is more favorable than Penguin Solutions.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canaan
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80
Penguin Solutions
0 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
2 Strong Buy rating(s)
3.11

Canaan has a beta of 3.48, meaning that its stock price is 248% more volatile than the S&P 500. Comparatively, Penguin Solutions has a beta of 1.83, meaning that its stock price is 83% more volatile than the S&P 500.

Canaan received 13 more outperform votes than Penguin Solutions when rated by MarketBeat users. However, 92.86% of users gave Penguin Solutions an outperform vote while only 76.47% of users gave Canaan an outperform vote.

CompanyUnderperformOutperform
CanaanOutperform Votes
26
76.47%
Underperform Votes
8
23.53%
Penguin SolutionsOutperform Votes
13
92.86%
Underperform Votes
1
7.14%

Penguin Solutions has higher revenue and earnings than Canaan. Penguin Solutions 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
Canaan$269.32M0.78-$414.15M-$0.91-0.82
Penguin Solutions$1.32B0.69-$52.47M-$0.17-99.59

Summary

Penguin Solutions beats Canaan on 12 of the 19 factors compared between the two stocks.

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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$210.65M$48.15B$22.20B$7.58B
Dividend YieldN/A2.86%3.00%4.33%
P/E Ratio-0.5534.7039.1117.79
Price / Sales0.7885.032,052.1794.59
Price / CashN/A26.4934.6634.64
Price / Book0.505.725.723.99
Net Income-$414.15M$751.41M$737.35M$247.24M
7 Day Performance6.39%9.66%5.28%6.12%
1 Month Performance-32.60%-15.40%-5.80%-7.11%
1 Year Performance-33.80%-2.48%52,740.54%-0.85%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
2.4583 of 5 stars
$0.75
+10.9%
$3.88
+418.0%
-37.7%$210.65M$269.32M-0.55350Gap Up
PENG
Penguin Solutions
2.6467 of 5 stars
$15.32
+0.9%
$24.94
+62.8%
N/A$816.42M$1.24B-29.462,700Gap Down
COMM
CommScope
3.9363 of 5 stars
$3.64
+0.6%
$4.75
+30.5%
+221.5%$788.28M$4.21B-0.8220,000Short Interest ↑
Gap Up
SEDG
SolarEdge Technologies
4.1986 of 5 stars
$13.35
-9.2%
$21.80
+63.3%
-78.7%$784.75M$901.46M-0.434,930Analyst Forecast
Gap Up
BELFA
Bel Fuse
2.5754 of 5 stars
$60.95
+2.7%
$115.00
+88.7%
-3.7%$764.25M$534.79M19.726,300Short Interest ↓
Gap Down
NSSC
Napco Security Technologies
4.2524 of 5 stars
$20.26
-0.1%
$35.50
+75.2%
-43.0%$737.48M$186.53M15.581,150Gap Down
AIOT
Powerfleet
2.5644 of 5 stars
$4.50
+5.4%
$12.33
+174.1%
N/A$596.29M$133.74M0.00670News Coverage
Positive News
Gap Down
ICHR
Ichor
3.7122 of 5 stars
$17.53
-0.9%
$42.29
+141.2%
-54.3%$596.07M$849.04M-26.972,980High Trading Volume
SHLS
Shoals Technologies Group
4.3205 of 5 stars
$3.38
+7.6%
$8.87
+162.4%
-63.7%$564.44M$399.21M16.90840Positive News
High Trading Volume
AAOI
Applied Optoelectronics
2.3851 of 5 stars
$11.23
+4.0%
$25.80
+129.7%
+0.2%$559.83M$249.37M-5.452,210Analyst Forecast
News Coverage
Gap Down
High Trading Volume
IMOS
ChipMOS TECHNOLOGIES
3.281 of 5 stars
$14.31
-6.0%
N/A-47.5%$520.34M$22.70B10.015,420Short Interest ↓
Gap Up
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This page (NASDAQ:CAN) was last updated on 4/15/2025 by MarketBeat.com Staff
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