How to buy Canaan stock | $8.15

Canaan Inc is a computer hardware business based in the US. Canaan shares (CAN) are listed on the NASDAQ and all prices are listed in US Dollars. Canaan employs 248 staff and has a trailing 12-month revenue of around 0.00.

Canaan stock price (NASDAQ: CAN)

Use our graph to track the performance of CAN stocks over time.

Canaan shares at a glance

• Key figures

Information last updated 2021-10-23.

Latest market close	$8.15
52-week range	$1.85 - $39.10
50-day moving average	$7.34
200-day moving average	$9.09
Wall St. target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-0.22

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Is it a good time to buy Canaan stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Canaan price performance over time

Historical closes compared with the close of $8.15 from 2021-10-22

1 week (2021-10-14)	N/A
1 month (2021-09-21)	N/A
3 months (2021-07-23)	41.49%
6 months (2021-04-23)	-39.00%

1 year (2020-10-23)	322.28%
2 years (2019-10-21)	N/A
3 years (2018-10-21)	N/A
5 years (2016-10-21)	N/A

Canaan financials

Revenue TTM	$447.7 million
Gross profit TTM	$37.8 million
Return on assets TTM	-15.65%
Return on equity TTM	-38.23%
Profit margin	-48.05%
Book value	$2.79
Market capitalisation	$1.4 billion

TTM: trailing 12 months

Shorting Canaan shares

There are currently 10.1 million Canaan shares held short by investors – that's known as Canaan's "short interest". This figure is 7% down from 10.9 million last month.

There are a few different ways that this level of interest in shorting Canaan shares can be evaluated.

Canaan's "short interest ratio" (SIR)

Canaan's "short interest ratio" (SIR) is the quantity of Canaan shares currently shorted divided by the average quantity of Canaan shares traded daily (recently around 8.2 million). Canaan's SIR currently stands at 1.24. In other words for every 100,000 Canaan shares traded daily on the market, roughly 1240 shares are currently held short.

However Canaan's short interest can also be evaluated against the total number of Canaan shares, or, against the total number of tradable Canaan shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canaan's short interest could be expressed as 0.06% of the outstanding shares (for every 100,000 Canaan shares in existence, roughly 60 shares are currently held short) or 0.1135% of the tradable shares (for every 100,000 tradable Canaan shares, roughly 114 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Canaan.

Find out more about how you can short Canaan stock.

Canaan share dividends

We're not expecting Canaan to pay a dividend over the next 12 months.

Canaan overview

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China. .

Frequently asked questions

What percentage of Canaan is owned by institutions?
Currently 19.254% of Canaan shares are held by institutions. How many people work for Canaan?
Latest data suggests 248 work at Canaan. When does the fiscal year end for Canaan?
Canaan's fiscal year ends in December. Where is Canaan based?
Canaan's address is: QianFang Science Building C, Beijing, China, 100193 What is Canaan's ISIN number?
Canaan's international securities identification number is: US1347481020 What is Canaan's CUSIP number?
Canaan's Committee on Uniform Securities Identification Procedures number is: 027714104