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Canaan (CAN) Competitors

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$2.01 +0.11 (+5.79%)
As of 01/17/2025 04:00 PM Eastern

CAN vs. SIMO, NN, AAOI, JKS, HIMX, DQ, NSSC, COMM, PL, and BELFA

Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include Silicon Motion Technology (SIMO), NextNav (NN), Applied Optoelectronics (AAOI), JinkoSolar (JKS), Himax Technologies (HIMX), Daqo New Energy (DQ), Napco Security Technologies (NSSC), CommScope (COMM), Planet Labs PBC (PL), and Bel Fuse (BELFA). 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 stock? We will contrast the two businesses based on the strength of their dividends, analyst recommendations, profitability, risk, earnings, media sentiment, valuation, institutional ownership and community ranking.

Silicon Motion Technology received 835 more outperform votes than Canaan when rated by MarketBeat users. Likewise, 76.46% of users gave Silicon Motion Technology an outperform vote while only 66.67% of users gave Canaan an outperform vote.

CompanyUnderperformOutperform
CanaanOutperform Votes
16
66.67%
Underperform Votes
8
33.33%
Silicon Motion TechnologyOutperform Votes
851
76.46%
Underperform Votes
262
23.54%

Silicon Motion Technology has a net margin of 10.90% compared to Canaan's net margin of -128.85%. Silicon Motion Technology's return on equity of 11.52% beat Canaan's return on equity.

Company Net Margins Return on Equity Return on Assets
Canaan-128.85% -60.37% -42.71%
Silicon Motion Technology 10.90%11.52%8.64%

Canaan currently has a consensus target price of $3.00, suggesting a potential upside of 49.25%. Silicon Motion Technology has a consensus target price of $81.67, suggesting a potential upside of 57.17%. Given Silicon Motion Technology's stronger consensus rating and higher possible upside, analysts clearly believe Silicon Motion Technology is more favorable than Canaan.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canaan
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75
Silicon Motion Technology
1 Sell rating(s)
0 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.78

In the previous week, Silicon Motion Technology had 2 more articles in the media than Canaan. MarketBeat recorded 15 mentions for Silicon Motion Technology and 13 mentions for Canaan. Silicon Motion Technology's average media sentiment score of 0.28 beat Canaan's score of 0.18 indicating that Silicon Motion Technology is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Canaan
4 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Silicon Motion Technology
3 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
3 Negative mention(s)
1 Very Negative mention(s)
Neutral

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, endowments and large money managers believe a stock will outperform the market over the long term.

Canaan has a beta of 3.27, meaning that its share price is 227% more volatile than the S&P 500. Comparatively, Silicon Motion Technology has a beta of 0.8, meaning that its share price is 20% less volatile than the S&P 500.

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Canaan$211.48M2.68-$414.15M-$1.35-1.49
Silicon Motion Technology$639.14M2.74$52.87M$2.6419.68

Summary

Silicon Motion Technology beats Canaan on 17 of the 18 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$565.98M$64.52B$26.93B$9.14B
Dividend YieldN/A2.13%2.79%4.04%
P/E Ratio-1.4939.19236.2317.33
Price / Sales2.6828.223,198.98136.54
Price / CashN/A25.2934.2435.97
Price / Book1.358.008.354.80
Net Income-$414.15M$914.16M$669.74M$224.91M
7 Day Performance3.61%2.17%1.72%1.77%
1 Month Performance-32.32%5.78%3.62%2.22%
1 Year Performance4.15%56.50%26.92%20.66%

Canaan Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CAN
Canaan
2.8015 of 5 stars
$2.01
+5.8%
$3.00
+49.3%
+4.1%$535.01M$229.63M-1.49350Short Interest ↓
Gap Up
SIMO
Silicon Motion Technology
4.043 of 5 stars
$52.27
-1.3%
$81.67
+56.2%
-18.3%$1.76B$814.77M19.801,546Dividend Announcement
NN
NextNav
2.8893 of 5 stars
$12.76
+6.5%
$20.00
+56.7%
+237.4%$1.67B$4.96M-17.0160
AAOI
Applied Optoelectronics
1.2217 of 5 stars
$29.46
-6.8%
$29.20
-0.9%
+84.0%$1.38B$209.55M-14.302,149Insider Trade
Short Interest ↓
News Coverage
Positive News
Gap Down
JKS
JinkoSolar
3.5236 of 5 stars
$24.45
-0.9%
$31.33
+28.2%
-24.3%$1.30B$104.44B41.4457,397Short Interest ↓
News Coverage
HIMX
Himax Technologies
4.5327 of 5 stars
$7.33
-4.6%
$15.00
+104.6%
+53.6%$1.28B$897.26M16.662,164Short Interest ↓
Positive News
DQ
Daqo New Energy
2.3518 of 5 stars
$19.13
-0.4%
$22.26
+16.4%
-8.1%$1.26B$2.31B-10.345,765Short Interest ↑
News Coverage
NSSC
Napco Security Technologies
4.652 of 5 stars
$33.27
-1.5%
$47.14
+41.7%
+6.1%$1.22B$191.15M24.461,150Analyst Forecast
News Coverage
Positive News
COMM
CommScope
3.1024 of 5 stars
$4.93
-1.0%
$2.50
-49.3%
+131.0%$1.06B$5.18B-1.1220,000Analyst Upgrade
Short Interest ↑
Gap Down
PL
Planet Labs PBC
2.5603 of 5 stars
$3.58
-3.5%
$4.33
+20.8%
+83.9%$1.06B$220.70M-8.731,180Analyst Forecast
News Coverage
Gap Down
BELFA
Bel Fuse
1.536 of 5 stars
$82.65
-1.2%
N/A+46.5%$1.04B$524.94M20.016,300Short Interest ↓
Positive News

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This page (NASDAQ:CAN) was last updated on 1/18/2025 by MarketBeat.com Staff
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