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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 333 staff and has a market cap (total outstanding shares value) of USD$307.1 million.
Since the stock market crash in March caused by coronavirus, Canaan's share price has had significant negative movement.
Its last market close was USD$1.9, which is 67.58% down on its pre-crash value of USD$5.86 and 33.16% down on the lowest point reached during the March crash when the shares fell as low as USD$2.53.
If you had bought USD$1,000 worth of Canaan shares at the start of February 2020, those shares would have been worth USD$546.59 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$340.50.
|Latest market close||USD$1.9|
|52-week range||USD$1.77 - USD$13|
|50-day moving average||USD$1.9389|
|200-day moving average||USD$2.7023|
|Wall St. target price||N/A|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.9235|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
|1 week (2020-10-14)||1.06%|
|1 month (2020-09-22)||1.9|
|3 months (2020-07-21)||-21.49%|
|6 months (2020-04-21)||-55.50%|
|1 year (2019-10-18)||N/A|
|2 years (2018-10-18)||N/A|
|3 years (2017-10-18)||N/A|
|5 years (2015-10-18)||N/A|
|Gross profit TTM||USD$-516,003,000|
|Return on assets TTM||-43.39%|
|Return on equity TTM||-104.01%|
|Market capitalisation||USD$307.1 million|
TTM: trailing 12 months
There are currently 2.1 million Canaan shares held short by investors – that's known as Canaan's "short interest". This figure is 7% up from 1.9 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) is the quantity of Canaan shares currently shorted divided by the average quantity of Canaan shares traded daily (recently around 2.0 million). Canaan's SIR currently stands at 1.02. In other words for every 100,000 Canaan shares traded daily on the market, roughly 1020 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 0.01% of the outstanding shares (for every 100,000 Canaan shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Canaan shares, roughly 0 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.
We're not expecting Canaan to pay a dividend over the next 12 months.
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.
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