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Canaan Inc

CAN

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View Detailed Chart

0.824USD

+0.005+0.56%

Close 09/12, 16:00（ET）Quotes delayed by 15 min

369.52MMarket Cap

LossP/E TTM

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Canaan Inc

0.824

+0.005+0.56%

Overview Company Financials Analysis

Analysis

Intraday

30m

Today

+0.56%

5 Days

+16.79%

1 Month

+5.98%

6 Months

-25.73%

Year to Date

-59.79%

1 Year

-22.95%

View Detailed Chart

The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Industry Ranking

37 / 65

Overall Ranking

243 / 4724

Industry

Financial Technology (Fintech) & Infrastructure

Support & Resistance

No Data

Score Analysis

Current score

Previous score

Analyst Rating

Based on 6 analysts

Buy

Current Rating

2.479

Target Price

+200.65%

Upside Space

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Company Highlights

StrengthsRisks

Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). The Company provides a holistic AI (Artificial Intelligence) solution to customers, including AI chips, algorithm development and optimization, hardware module, end-product and software services.

Overvalued

The company’s latest PB is 1.19, at a high 3-year percentile range.

Institutional Buying

The latest institutional holdings are 118.40M shares, increasing 11.60% quarter-over-quarter.

Held by The Vanguard

Star Investor The Vanguard holds 15.02M shares of this stock.

Lower Market Activity

The company has less investor interest, with a 20-day turnover ratio of 0.59.

News

U.S. Stocks Surge — S&P 500 and Nasdaq Hit Fresh Record Highs

On Monday, July 21, both the S&P 500 and Nasdaq Composite extended their record-breaking streaks, driven by strength in tech megacaps.

TradingKeyTue, Jul 22

House Passes Procedural Vote on Crypto Bills — Crypto Stocks Soar Across the Board

On Wednesday, July 16, the U.S. House of Representatives reversed course and passed a key procedural vote on three major crypto bills, triggering a broad rally in crypto-related stocks.

TradingKeyThu, Jul 17

Trump Faces Stunning Setback — Crypto Bills Blocked in House Vote, Market Turmoil Looms?

On Tuesday, July 15, three major crypto bills backed by President Donald Trump were unexpectedly defeated in a procedural vote in the U.S. House of Representatives.

TradingKeyWed, Jul 16

Bitcoin Drops Below $120,000, Triggering Plunge in Crypto Stocks

The outcome of these votes could serve as a key catalyst for Bitcoin and related equities, potentially reversing the current downtrend.

TradingKeyWed, Jul 16

Crypto Stocks Explode — Canaan and Yunfeng Financial Surge Over 30%

On Tuesday, July 15, Crypto-Stocks in Hong Kong and U.S. markets rallied sharply following Bitcoin’s recent price spike.

TradingKeyTue, Jul 15

Bitcoin Surges $2,000 Premarket — Crypto Stocks Rally Across the Board, Circle Jumps 15%

Just ahead of the U.S. market open on Friday, June 20, Bitcoin (BTC) spiked nearly $2,000, climbing from around $104,000 to $106,530, fueling a broad rally in crypto-related equities.

TradingKeyFri, Jun 20