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How to buy Canaan stock in Canada
Own Canaan shares in just a few minutes.
Canaan is a computer hardware business based in the US. Canaan stocks (CAN.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $2.58 – a decrease of 23.79% over the previous week. Canaan employs 541 staff and has a trailing 12-month revenue of around $4.4 billion.
How to buy Canaan stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
- Search for the stock name – CAN. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
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What's in this guide?
- Can I buy shares in Canaan?
- Has coronavirus impacted Canaan shares?
- Canaan shares summary
- Compare share dealing platforms
- Is Canaan stock a buy or sell?
- Canaan performance over time
- Are Canaan shares over-valued?
- Canaan's financials
- How volatile are Canaan shares?
- Does Canaan pay a dividend?
- Other common questions
Canaan stock price (NASDAQ:CAN)Use our graph to track the performance of CAN stocks over time.
Canaan shares at a glance
|Latest market close||$1.89|
|52-week range||$1.85 - $4.54|
|50-day moving average||$2.66|
|200-day moving average||$2.89|
|Wall St. target price||$4.95|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$0.40|
Buy Canaan stocks from these online trading platformsCompare special offers, low fees and a wide range of investment options among top trading platforms.
Note: The dollar amounts in the table below are in Canadian dollars.
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.
Canaan price performance over time
Historical closes compared with the close of $1.89 from 2023-05-26
|1 week (2023-05-19)||-23.79%|
|1 month (2023-04-28)||-32.98%|
|3 months (2023-02-28)||-32.50%|
|6 months (2022-11-28)||-20.25%|
|1 year (2022-05-24)||N/A|
|2 years (2021-05-27)||-79.34%|
|3 years (2020-05-28)||2.91|
|5 years (2018-05-24)||N/A|
Is Canaan stock undervalued or overvalued?
Valuing Canaan stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Canaan's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Canaan's P/E ratio
Canaan's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Canaan shares trade at around 5x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Canaan's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $584.1 million.
The EBITDA is a measure of a Canaan's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$4.4 billion|
|Operating margin TTM||8.17%|
|Gross profit TTM||$1.5 billion|
|Return on assets TTM||4.3%|
|Return on equity TTM||12.64%|
|Market capitalisation||$356.2 million|
TTM: trailing 12 months
Canaan share dividends
We're not expecting Canaan to pay a dividend over the next 12 months.
Canaan share price volatility
Over the last 12 months, Canaan's shares have ranged in value from as little as $1.85 up to $4.54. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Canaan's is 3.2335. This would suggest that Canaan's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore. .
Stocks similar to Canaan
Canaan in the news
Canaan Inc. to Report First Quarter 2023 Financial Results on May 26, 2023
Canaan Inc. to Participate in the Bitcoin Mining Virtual Conference Presented by Maxim Group LLC and hosted by M-Vest on Tuesday, May 16, 2023
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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