CAN vs. MX, QUIK, AXTI, VLN, ATOM, PXLW, POET, KOPN, TGAN, and GCTS
Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include Magnachip Semiconductor (MX), QuickLogic (QUIK), AXT (AXTI), Valens Semiconductor (VLN), Atomera (ATOM), Pixelworks (PXLW), POET Technologies (POET), Kopin (KOPN), Transphorm (TGAN), and GCT Semiconductor (GCTS). These companies are all part of the "semiconductors & related devices" industry.
Magnachip Semiconductor (NYSE:MX) and Canaan (NASDAQ:CAN) are both small-cap computer and technology companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, media sentiment, risk, analyst recommendations, earnings, community ranking, institutional ownership, valuation and dividends.
Magnachip Semiconductor has higher revenue and earnings than Canaan. Magnachip Semiconductor is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.
Magnachip Semiconductor presently has a consensus target price of $8.00, indicating a potential upside of 58.73%. Canaan has a consensus target price of $4.25, indicating a potential upside of 304.76%. Given Magnachip Semiconductor's higher possible upside, analysts plainly believe Canaan is more favorable than Magnachip Semiconductor.
Magnachip Semiconductor has a net margin of -13.76% compared to Magnachip Semiconductor's net margin of -195.84%. Canaan's return on equity of -8.35% beat Magnachip Semiconductor's return on equity.
74.3% of Magnachip Semiconductor shares are owned by institutional investors. Comparatively, 70.1% of Canaan shares are owned by institutional investors. 4.5% of Magnachip Semiconductor shares are owned by company insiders. Comparatively, 0.3% of Canaan shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Magnachip Semiconductor has a beta of 0.77, suggesting that its stock price is 23% less volatile than the S&P 500. Comparatively, Canaan has a beta of 3.11, suggesting that its stock price is 211% more volatile than the S&P 500.
In the previous week, Canaan had 14 more articles in the media than Magnachip Semiconductor. MarketBeat recorded 16 mentions for Canaan and 2 mentions for Magnachip Semiconductor. Canaan's average media sentiment score of 0.45 beat Magnachip Semiconductor's score of 0.19 indicating that Magnachip Semiconductor is being referred to more favorably in the media.
Magnachip Semiconductor received 324 more outperform votes than Canaan when rated by MarketBeat users. However, 58.82% of users gave Canaan an outperform vote while only 57.09% of users gave Magnachip Semiconductor an outperform vote.
Summary
Magnachip Semiconductor beats Canaan on 10 of the 16 factors compared between the two stocks.
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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.
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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