CAN vs. SIMO, HIMX, PL, NN, DQ, JKS, AAOI, PENG, COMM, and AIOT
Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include Silicon Motion Technology (SIMO), Himax Technologies (HIMX), Planet Labs PBC (PL), NextNav (NN), Daqo New Energy (DQ), JinkoSolar (JKS), Applied Optoelectronics (AAOI), Penguin Solutions (PENG), CommScope (COMM), and Powerfleet (AIOT). These companies are all part of the "electronic equipment" industry.
Canaan vs.
Canaan (NASDAQ:CAN) and Silicon Motion Technology (NASDAQ:SIMO) are both small-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their risk, earnings, profitability, dividends, community ranking, analyst recommendations, valuation, media sentiment and institutional ownership.
70.1% of Canaan shares are owned by institutional investors. Comparatively, 78.0% of Silicon Motion Technology shares are owned by institutional investors. 0.3% of Canaan shares are owned by insiders. Comparatively, 5.3% of Silicon Motion Technology shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Silicon Motion Technology received 835 more outperform votes than Canaan when rated by MarketBeat users. Likewise, 76.37% of users gave Silicon Motion Technology an outperform vote while only 69.23% of users gave Canaan an outperform vote.
In the previous week, Canaan had 10 more articles in the media than Silicon Motion Technology. MarketBeat recorded 14 mentions for Canaan and 4 mentions for Silicon Motion Technology. Silicon Motion Technology's average media sentiment score of 0.40 beat Canaan's score of 0.00 indicating that Silicon Motion Technology is being referred to more favorably in the news media.
Silicon Motion Technology has higher revenue and earnings than Canaan. Canaan is trading at a lower price-to-earnings ratio than Silicon Motion Technology, indicating that it is currently the more affordable of the two stocks.
Canaan currently has a consensus price target of $4.33, indicating a potential upside of 151.21%. Silicon Motion Technology has a consensus price target of $80.63, indicating a potential upside of 36.99%. Given Canaan's higher possible upside, equities research analysts plainly believe Canaan is more favorable than Silicon Motion Technology.
Canaan has a beta of 3.26, suggesting that its stock price is 226% more volatile than the S&P 500. Comparatively, Silicon Motion Technology has a beta of 0.79, suggesting that its stock price is 21% less volatile than the S&P 500.
Silicon Motion Technology has a net margin of 11.29% compared to Canaan's net margin of -128.85%. Silicon Motion Technology's return on equity of 11.63% beat Canaan's return on equity.
Summary
Silicon Motion Technology beats Canaan on 14 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 {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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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This page (NASDAQ:CAN) was last updated on 2/21/2025 by MarketBeat.com Staff
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