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How to buy Canaan stock | 1.9

Own Canaan stock in just a few minutes.

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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.

How to buy shares in Canaan

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Canaan. Find the stock by name or ticker symbol: CAN. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Canaan reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$1.9, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Canaan, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Canaan. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Canaan's share price?

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.

Canaan share price

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

Canaan shares at a glance

Information last updated 2020-10-21.
Latest market closeUSD$1.9
52-week rangeUSD$1.77 - USD$13
50-day moving average USD$1.9389
200-day moving average USD$2.7023
Wall St. target priceN/A
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-0.9235

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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.

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 $1.9 from 2020-10-19

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

Canaan financials

Gross profit TTM USD$-516,003,000
Return on assets TTM -43.39%
Return on equity TTM -104.01%
Profit margin -55.09%
Book value N/A
Market capitalisation USD$307.1 million

TTM: trailing 12 months

Shorting Canaan shares

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)

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.

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.

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