Canaan Inc

Company Profile

Canaan Inc had its IPO on 2019-11-20 under the ticker symbol CAN.

The company operates in the Technology sector and Computer Hardware industry. Canaan Inc has a staff strength of 541 employees.

Stock update

Shares of Canaan Inc opened at $1.9 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.84 - $1.97, and closed at $1.85.

This is a -1.6% slip from the previous day's closing price.

A total volume of 2,402,667 shares were traded at the close of the day’s session.

In the last one week, shares of Canaan Inc have slipped by -7.04%.

Canaan Inc's Key Ratios

Canaan Inc has a market cap of $359.99 million, indicating a price to book ratio of 0.5858 and a price to sales ratio of 0.0651.

In the last 12-months Canaan Inc’s revenue was $490.93 million with a gross profit of $1.55 billion and an EBITDA of $-86090528. The EBITDA ratio measures Canaan Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Canaan Inc’s operating margin was -25.82% while its return on assets stood at -9.78% with a return of equity of -13.4%.

In Q1, Canaan Inc’s quarterly earnings growth was a negative -91.6% while revenue growth was a negative 72.6%.

Canaan Inc’s PE and PEG Ratio

Forward PE

2.1519

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.48 per share while it has a forward price to earnings multiple of 2.1519 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Canaan Inc’s profitability.

Canaan Inc stock is trading at a EV to sales ratio of 0.0213 and a EV to EBITDA ratio of 0.0503. Its price to sales ratio in the trailing 12-months stood at 0.0651.

Canaan Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$633.70 million

Total Liabilities

$82.99 million

Operating Cash Flow

$0

Capital Expenditure

$4.54 million

Dividend Payout Ratio

0%

Canaan Inc ended 2024 with $633.70 million in total assets and $0 in total liabilities. Its intangible assets were valued at $633.70 million while shareholder equity stood at $548.12 million.

Canaan Inc ended 2024 with $0 in deferred long-term liabilities, $82.99 million in other current liabilities, in common stock, $110.16 million in retained earnings and $0 in goodwill. Its cash balance stood at $71.97 million and cash and short-term investments were $71.97 million. The company’s total short-term debt was $2,359,000 while long-term debt stood at $0.

Canaan Inc’s total current assets stands at $520.76 million while long-term investments were $2.91 million and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $26.95 million and inventory worth $310.46 million.

In 2024, Canaan Inc's operating cash flow was $0 while its capital expenditure stood at $4.54 million.

Comparatively, Canaan Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.85

52-Week High

$4.54

52-Week Low

$1.83

Analyst Target Price

$4.92

Canaan Inc stock is currently trading at $1.85 per share. It touched a 52-week high of $4.54 and a 52-week low of $4.54. Analysts tracking the stock have a 12-month average target price of $4.92.

Its 50-day moving average was $2.51 and 200-day moving average was $2.57 The short ratio stood at 4.54 indicating a short percent outstanding of 0%.

Around 0% of the company’s stock are held by insiders while 1638% are held by institutions.