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Canaan (CAN) Competitors

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$0.98 +0.11 (+12.72%)
Closing price 04:00 PM Eastern
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$0.97 -0.01 (-1.13%)
As of 06:17 PM Eastern
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CAN vs. DQ, PENG, JKS, BELFA, NVTS, NSSC, SHLS, LASR, CSIQ, and INDI

Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include DAQO New Energy (DQ), Penguin Solutions (PENG), JinkoSolar (JKS), Bel Fuse (BELFA), Navitas Semiconductor (NVTS), NAPCO Security Technologies (NSSC), Shoals Technologies Group (SHLS), nLight (LASR), Canadian Solar (CSIQ), and indie Semiconductor (INDI). These companies are all part of the "electronic equipment" industry.

Canaan vs. Its Competitors

Canaan (NASDAQ:CAN) and DAQO New Energy (NYSE:DQ) are both small-cap electronic equipment companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, valuation, profitability, institutional ownership, media sentiment, analyst recommendations, risk and dividends.

In the previous week, Canaan had 16 more articles in the media than DAQO New Energy. MarketBeat recorded 21 mentions for Canaan and 5 mentions for DAQO New Energy. DAQO New Energy's average media sentiment score of 1.25 beat Canaan's score of -0.01 indicating that DAQO New Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Canaan
2 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
3 Negative mention(s)
5 Very Negative mention(s)
Neutral
DAQO New Energy
2 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Canaan presently has a consensus price target of $2.67, suggesting a potential upside of 172.64%. DAQO New Energy has a consensus price target of $22.59, suggesting a potential upside of 13.99%. Given Canaan's higher probable upside, research analysts plainly believe Canaan is more favorable than DAQO New Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canaan
0 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.63
DAQO New Energy
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
2 Strong Buy rating(s)
2.78

Canaan has higher earnings, but lower revenue than DAQO New Energy. DAQO New Energy 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$269.32M1.35-$249.75M-$1.02-0.96
DAQO New Energy$1.03B1.29-$345.21M-$6.51-3.04

70.1% of Canaan shares are held by institutional investors. Comparatively, 47.2% of DAQO New Energy shares are held by institutional investors. 0.3% of Canaan shares are held by insiders. Comparatively, 24.3% of DAQO New Energy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Canaan has a beta of 3.29, meaning that its share price is 229% more volatile than the S&P 500. Comparatively, DAQO New Energy has a beta of 0.6, meaning that its share price is 40% less volatile than the S&P 500.

DAQO New Energy has a net margin of -58.63% compared to Canaan's net margin of -93.62%. DAQO New Energy's return on equity of -7.16% beat Canaan's return on equity.

Company Net Margins Return on Equity Return on Assets
Canaan-93.62% -98.53% -57.74%
DAQO New Energy -58.63%-7.16%-6.48%

Summary

Canaan beats DAQO New Energy on 9 of the 17 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 CAN 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

MetricCanaanFIN IndustryFinance SectorNASDAQ Exchange
Market Cap$364.73M$7.80B$12.08B$9.31B
Dividend YieldN/A4.77%5.55%4.03%
P/E Ratio-0.9618.4919.1019.73
Price / Sales1.356.4826.58174.40
Price / CashN/A22.4521.6257.96
Price / Book1.382.792.305.67
Net Income-$249.75M$308.89M$997.60M$257.79M
7 Day Performance39.73%2.58%-0.12%0.54%
1 Month Performance38.97%14.09%3.56%8.86%
1 Year Performance-19.17%18.90%540.86%14.22%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
2.7058 of 5 stars
$0.98
+12.7%
$2.67
+172.6%
-28.3%$364.73M$269.32M-0.96350Options Volume
Gap Up
High Trading Volume
DQ
DAQO New Energy
2.3214 of 5 stars
$20.25
+0.5%
$22.59
+11.6%
+24.6%$1.36B$737.68M-3.114,749Positive News
Gap Up
PENG
Penguin Solutions
1.8641 of 5 stars
$24.70
+2.5%
$25.75
+4.3%
N/A$1.29B$1.17B-88.212,700Trending News
Analyst Forecast
JKS
JinkoSolar
1.62 of 5 stars
$24.32
-0.4%
$27.19
+11.8%
+11.0%$1.25B$12.64B-4.8433,830
BELFA
Bel Fuse
3.4487 of 5 stars
$91.62
-0.4%
$115.00
+25.5%
+6.3%$1.16B$534.79M28.106,300Upcoming Earnings
NVTS
Navitas Semiconductor
0.9109 of 5 stars
$5.87
+0.5%
$3.71
-36.8%
+29.5%$1.13B$74.15M-11.29160
NSSC
NAPCO Security Technologies
2.5752 of 5 stars
$30.58
-0.9%
$30.83
+0.8%
-46.7%$1.09B$181.23M25.071,070
SHLS
Shoals Technologies Group
4.1407 of 5 stars
$5.75
-1.7%
$8.63
+50.1%
-14.3%$961.29M$399.21M47.921,290Analyst Downgrade
LASR
nLight
1.3642 of 5 stars
$18.43
+0.8%
$17.70
-4.0%
+52.6%$911.18M$198.55M-16.311,100
CSIQ
Canadian Solar
2.9775 of 5 stars
$13.37
+5.2%
$14.74
+10.3%
-16.0%$895.39M$5.99B-26.741,224
INDI
indie Semiconductor
1.9871 of 5 stars
$3.84
-0.3%
$6.08
+58.4%
-44.1%$816.05M$218.41M-5.12400Gap Down

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This page (NASDAQ:CAN) was last updated on 7/16/2025 by MarketBeat.com Staff
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