CAN

Canaan Inc. [CAN] Stock Forecast

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CAN Stock Summary

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In the News

05:00 29 Mar 2024 CAN

Canaan Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024

SINGAPORE , Feb. 20, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2023, before the U.S. market opens on February 27, 2024. The Company's management team will hold a conference call at 8:00 A.M.

10:14 29 Mar 2024 CAN

7 Speculative Stocks to Double Your Money THIS Year

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05:03 29 Mar 2024 CAN

7 Blockchain Stock Picks for the Fed's New Growth Cycle

If Federal Reserve Chair Jerome Powell really does reduce interest rates, then forward-looking investors ought to consider blockchain stocks. True, you can always go for the individual cryptocurrencies.

05:36 29 Mar 2024 CAN

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Following the remarkable ascent of Nvidia (NASDAQ: NVDA ) last year, it's only natural for investors to consider the top tech stocks to buy for 2024. Yeah, I suppose that NVDA could again be a winner.

12:05 29 Mar 2024 CAN

7 Hot Stocks That Could Fly if the Fed Goes Dovish in 2024

Based on the latest economic print, the Federal Reserve expects a shift in monetary policy, which undergirds certain stocks for a dovish Fed. It really comes down to the return of the normal way of doing business.

06:50 29 Mar 2024 CAN

The 7 Hottest Tech Stocks to Watch in 2024

With Nvidia (NASDAQ: NVDA ) skyrocketing to blistering heights in 2023, the question on everyone's mind now is as follows: what will be the hottest tech stocks in 2024? At the start of the new year, it's worth carefully examining this inquiry.

10:43 29 Mar 2024 CAN

7 Stocks to Buy if the Fed Goes Through With Interest Rate Cuts

While inflation may have been the theme of 2022, disinflation could be the defining label for the outgoing year, thus warranting a closer examination of stocks to buy for lower interest rates. To be sure, you want to be careful about betting too heavily on the monetary policy pivot.

12:32 29 Mar 2024 CAN

Canaan Inc. (CAN) Q3 2023 Earnings Call Transcript

Canaan Inc. (NASDAQ:CAN ) Q3 2023 Earnings Conference Call November 28, 2023 8:00 AM ET Company Participants Clark Soucy - IR Director Nangeng Zhang - Chairman and CEO James Jin Cheng - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Michael Donovan - H.C.

09:01 29 Mar 2024 CAN

Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates

Canaan (CAN) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to earnings of $0.14 per share a year ago.

05:00 29 Mar 2024 CAN

Canaan Inc. to Report Third Quarter 2023 Financial Results on November 28, 2023

SINGAPORE , Nov. 20, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the third quarter ended September 30, 2023, before the U.S. market opens on November 28, 2023. The Company's management team will hold a conference call at 8:00 A.M.

CAN Financial details

Company Rating
Sell
Market Cap
265.12M
Income
-713.47M
Revenue
554.33M
Book val./share
2.13
Cash/share
0.24
Dividend
-
Dividend %
-
Employees
541
Optionable
No
Shortable
Yes
Earnings
24 May 2024
P/E
-0.51
Forward P/E
0.36
PEG
0.02
P/S
0.61
P/B
1
P/C
6.33
P/FCF
-2
Quick Ratio
0.55
Current Ratio
3.84
Debt / Equity
0.01
LT Debt / Equity
0
-
-
EPS (TTM)
-4.24
EPS next Y
4.21
EPS next Q
-1.42
EPS this Y
125.13%
EPS next Y
-199.23%
EPS next 5Y
-199.23%
EPS last 5Y
40.1%
Revenue last 5Y
10.11%
Revenue Q/Q
-54.88%
EPS Q/Q
-27.69%
-
-
-
-
SMA20
-22.7%
SMA50
-30.92%
SMA100
-25.52%
Inst Own
16.18%
Inst Trans
0.94%
ROA
-154%
ROE
-50%
ROC
-2.52%
Gross Margin
-75%
Oper. Margin
-170%
Profit Margin
-129%
Payout
-
Shs Outstand
159.79M
Shs Float
2.87B
-
-
-
-
Target Price
-
52W Range
1.13-3.5
52W High
-49.33%
52W Low
+52%
RSI
49.62
Rel Volume
0.89
Avg Volume
21.52M
Volume
19.24M
Perf Week
19.69%
Perf Month
-33.33%
Perf Quarter
-18.28%
Perf Half Y
-9.52%
-
-
-
-
Beta
3.03
-
-
Volatility
0.07%, 0.29%
Prev Close
7.04%
Price
1.52
Change
6.29%

CAN Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric History 2018-12-312019-12-312020-12-312021-12-31 2022-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
17.281.420.444.6528
Net income per share
0.78-0.760.041.874.21
Operating cash flow per share
-0.08-1.950.278.56-1.57
Free cash flow per share
-0.24-2.010.268.33-1.66
Cash per share
1.650.530.442.514.52
Book value per share
1.540.690.423.2328.19
Tangible book value per share
1.540.690.423.2328.19
Share holders equity per share
1.540.690.423.2328.19
Interest debt per share
7.040.170.070.030.27
Market cap
9.69B6.09B6.05B5.52B2.22B
Enterprise value
10.48B6.04B6B5.1B1.54B
P/E ratio
79.12-55.79936.4117.583.38
Price to sales ratio
3.5829.9788.327.050.51
POCF ratio
-760.14-21.76143.083.83-9.03
PFCF ratio
-257.26-21.12150.843.94-8.55
P/B Ratio
40.261.5491.4110.170.5
PTB ratio
40.261.5491.4110.170.5
EV to sales
3.8729.7187.596.520.35
Enterprise value over EBITDA
39.31-41.26-178.4217.654.49
EV to operating cash flow
-822.14-21.57141.93.54-6.26
EV to free cash flow
-278.24-20.94149.593.64-5.93
Earnings yield
0.01-0.0200.060.3
Free cash flow yield
0-0.050.010.25-0.12
Debt to equity
4.350.220.150.010.01
Debt to assets
0.750.150.060.010.01
Net debt to EBITDA
2.960.361.49-1.44-1.98
Current ratio
1.183.31.72.538.91
Interest coverage
4.74-66.86-70.78035
Income quality
-0.10.27-0.20.72-3.49
Dividend Yield
0.070000
Payout ratio
5.650000
Sales general and administrative to revenue
0.050.240.290.120.13
Research and developement to revenue
0.070.120.310.070.12
Intangibles to total assets
00000
Capex to operating cash flow
1.950.03-0.05-0.030.06
Capex to revenue
-0.01-0.04-0.03-0.050
Capex to depreciation
-1.9-0.19-0.05-2.67-0.42
Stock based compensation to revenue
0.011.330.040.630.01
Graham number
5.23.440.6311.6451.67
ROIC
0.12-1.140.10.510.1
Return on tangible assets
0.09-0.770.040.360.14
Graham Net
-3.140.33-0.030.866.75
Working capital
206.71M93.7M63.48M500.21M3.55B
Tangible asset value
240.98M99.02M66.21M542.62M4.41B
Net current asset value
206.71M91.78M61.74M486.33M3.53B
Invested capital
4.350.220.150.010.01
Average receivables
95.25M79.17M750.75K574.3K36.57M
Average payables
48.84M30.7M9.94M14.11M69.42M
Average inventory
422.76M306.85M31.27M80.98M819.76M
Days sales outstanding
21.310.745.810.036.09
Days payables outstanding
7.8518.6533.3124.5116.14
Days of inventory on hand
97.2936.92200.81138.82209.77
Receivables turnover
17.13495.3462.8113.59K59.91
Payables turnover
46.5119.5710.9614.8922.62
Inventory turnover
3.759.891.822.631.74
ROE
0.51-1.10.10.580.15
Capex per share
-0.16-0.06-0.01-0.22-0.09

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric History 2022-09-302022-12-312023-03-312023-06-30 2023-09-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
5.732.340.330.430.2
Net income per share
0.27-2.61-0.51-0.65-0.47
Operating cash flow per share
0.62-0.980.52-0.070
Free cash flow per share
0.62-1.010.52-0.070
Cash per share
11.734.220.430.390.24
Book value per share
28.5326.293.292.512.13
Tangible book value per share
28.126.293.292.512.13
Share holders equity per share
28.5326.293.292.512.13
Interest debt per share
0.210.20.020.010.01
Market cap
3.99B2.38B450.46M361.82M310.92M
Enterprise value
2.02B1.7B381.54M298.09M272.26M
P/E ratio
21.65-1.36-1.33-0.82-0.97
Price to sales ratio
4.086.088.164.99.33
POCF ratio
37.91-14.515.2-32.280
PFCF ratio
37.91-14.125.2-32.280
P/B Ratio
0.820.540.820.850.86
PTB ratio
0.820.540.820.850.86
EV to sales
2.064.346.914.048.17
Enterprise value over EBITDA
-7.58-2.66-4.59-2.55-2.28
EV to operating cash flow
19.19-10.364.4-26.590
EV to free cash flow
19.19-10.084.4-26.590
Earnings yield
0.01-0.18-0.19-0.31-0.26
Free cash flow yield
0.03-0.070.19-0.030
Debt to equity
0.010.010.010.010.01
Debt to assets
0.010.01000
Net debt to EBITDA
7.41.060.830.540.32
Current ratio
7.278.916.283.923.84
Interest coverage
-13.85-81.41-82.2900
Income quality
2.28-0.28-0.150.060
Dividend Yield
00000
Payout ratio
00000
Sales general and administrative to revenue
0.150.410.320.360.66
Research and developement to revenue
0.120.570.350.240.51
Intangibles to total assets
0.010000
Capex to operating cash flow
00.03000
Capex to revenue
0-0.01000
Capex to depreciation
0-0.02000
Stock based compensation to revenue
0.111.041.57-0.150
Graham number
13.1639.326.116.064.74
ROIC
-0.01-0.1-0.15-0.26-0.24
Return on tangible assets
0.01-0.09-0.13-0.21-0.17
Graham Net
12.956.30.850.570.33
Working capital
4.33B3.55B437.77M321.73M258.33M
Tangible asset value
4.8B4.41B548.12M426.14M363.44M
Net current asset value
4.31B3.53B435.18M319.51M248.54M
Invested capital
0.010.010.010.010.01
Average receivables
168.96M205.5M36.54M5.05M9.94M
Average payables
64.83M74.5M71.64M27.14M23.28M
Average inventory
1.48B1.42B911.27M291.3M244.63M
Days sales outstanding
31.0916.78012.3126.41
Days payables outstanding
3.8716.8123.617.0916.89
Days of inventory on hand
157.6218.5271.86170.17190.82
Receivables turnover
2.895.3607.313.41
Payables turnover
23.235.353.815.275.33
Inventory turnover
0.570.410.330.530.47
ROE
0.01-0.1-0.15-0.26-0.22
Capex per share
0-0.03000

CAN Frequently Asked Questions

What is Canaan Inc. stock symbol ?

Canaan Inc. is a CN stock and trading under the symbol CAN

What is Canaan Inc. stock quote today ?

Canaan Inc. stock price is $1.52 today.

Is Canaan Inc. stock public?

Yes, Canaan Inc. is a publicly traded company.

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