How to Buy Canaan Stock

Canaan Inc

Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China.

Canaan stock last closed at $1.89, up 1.07% from the previous day, and has increased 47.66% in one year. It has overperformed other stocks in the Computer Hardware industry by 0.32 percentage points. Canaan stock is currently +162.5% from its 52-week low of $0.72, and -42.2% from its 52-week high of $3.27.

There are currently 4.45B shares of CAN outstanding. The market capitalization of CAN is $563.14M. In the last 24 hours, 14.61M CAN shares were traded.

How to Buy Canaan Stock

Wondering how to invest in Canaan stock? Here's how.

  1. Figure out where to buy Canaan stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Canaan stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit money your investment account: Pick your payment method and add your information.
  4. Analyze Canaan stock: The Canaan ticker symbol is CAN. Is Canaan stock a good investment? Should you buy shares of CAN? How do CAN's underlying business fundamentals look? Do top analysts think Canaan is a good buy? Why has CAN's stock price moved recently? (Hint: Our stock research website can help you evaluate if CAN is a good stock to buy).
  5. Place your CAN purchase: Decide if you will purchase CAN shares at the current market price or use a limit order to buy CAN stock at a particular price.
  6. Watch your CAN position: Create a watchlist to keep track of your new investment in Canaan shares.

Step 1: Figure out where to buy Canaan stock

You will need a brokerage account in order to access the NASDAQ market and buy CAN stock.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've selected the right brokerage, it's time to fill out some personal information so you are able to invest in CAN stock today.

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  1. Click here to get started.
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  2. Enter your personal info to open a new trading account.
  1. Send your data by pressing the "Create Account" button.
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Step 3: Deposit money your investment account

Now that you've created your account on app for investing, your next step is to transfer the money for your investment:

Check out the tutorial below to see the process of transferring funds into your new investment account.

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Step 4: Analyze Canaan stock

Once you have figured out the best place to buy Canaan stock, it's crucial to analyze their stock before you buy, so you actually understand the risk and opportunity.

Overview of key CAN info

CAN Price
$1.89
1w %
-8.7%
1y %
47.66%
5y %
-58.46%
P/E
-1.39x
P/B
1.78x
P/S
2.29x
PEG
N/A
Revenue
$229.63M
Earnings
-$295.87M
Fore. Rev. Growth
116%
Fore. Earn. Growth
N/A
Market Cap
$563.14M
Next Earnings
N/A
Next Dividend
N/A

CAN Due Diligence Score

WallStreetZen was created to help everyday investors perform better fundamental analysis.

You can view all of the due diligence checks on CAN's stock page.

How is CAN stock valued?

Analysts use many financial metrics, analyses, models, and charts to gauge CAN's true value.

Using relative valuations measures:

  • CAN may be undervalued based on its P/B ratio of 1.78x, relative to Computer Hardware industry P/B ratio of 12.94x

You can do more valuation research on CAN's stock here.

How do CAN Financials look?

Passed Health Checks:

  • There are more short-term assets than long-term liabilities on the CAN balance sheet.
  • There are more short-term assets than short-term liabilities on the CAN balance sheet.

Failed Health Checks:

  • CAN profit margin has gone up by 0.26 percentage points in the past year, but the company is still unprofitable.
  • CAN has a relatively high debt to equity ratio of 0.59.

Is Canaan stock a Buy, Hold, or Sell, according to analysts?

Out of 3 Wall Street analysts who give forecasts on CAN, the consensus analyst rating on Canaan is a Strong Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are forecasting on the Canaan stock forecast page.

CAN Momentum

SMA10
1.95
SMA20
1.97
SMA50
2.2
SMA100
1.7
SMA200
1.35
MACD
-0.07
MACD Signal
-0.05
MACD Histogram
-0.01
RSI
45.39
Stochastic %K
12.57
Stochastic %D
11.84
StochRSI %K
16.65
StochRSI %D
14.6

How is CAN performing as a company?

Last year, CAN revenue was $229.63M. During the last five year, CAN's revenue has grown by 5.06% per year. This was slower than the Computer Hardware industry average of 20.98%.

Dig into CAN's earnings and revenue performance here.

Who is buying/selling CAN?

In the past 12 months, executives and large shareholders at CAN have not bought or sold any shares.

Research more about who owns CAN shares here.

Does CAN provide a stable income stream?

No, Canaan doesn't provide an income stream by paying out dividends.

CAN Social Trading Data

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Place your CAN purchase

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.

Hit the Open Trade button and eToro will place the order.

If you need more help investing in stocks on eToro, watch the how to video below:

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Step 6: Watch your CAN position

Now that you own some CAN stock, you'll want to stay up-to-date on your stock purchase.

Create a watchlist to track the latest developments regarding your CAN stock.

CAN Feed

How to Buy Stock in Canaan

To summarize, here are the 6 steps to buy Canaan stock:

  1. Figure out where to buy Canaan stock
  2. Sign up for your brokerage account
  3. Deposit money your investment account
  4. Analyze Canaan stock
  5. Place your CAN purchase
  6. Watch your CAN position

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Canaan, add CAN to your watchlist by clicking the button below.

NASDAQ: CAN
$1.89+0.02 (+1.07%)
Updated Feb 7, 2025
Open eToro Account
Your capital is at risk.
NASDAQ: CAN
$1.89+0.02 (+1.07%)
Updated Feb 7, 2025
Open eToro Account
Your capital is at risk.

FAQ

How much does it cost to buy one Canaan share?

As of Feb 7, 2025, it costs $1.89 to buy one share of Canaan stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.95, you can buy 0.5 shares of CAN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Canaan stock?

According to 3 Wall Street analysts who monitor Canaan, their consensus recommendation is to buy Canaan stock.

What is the best way to buy Canaan stock?

One way to place an order for Canaan stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.