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 $0.82, up 0.49% from the previous day, and has decreased 11.21% in one year. It has underperformed other stocks in the Computer Hardware industry by 0.44 percentage points. Canaan stock is currently +54.02% from its 52-week low of $0.54, and -74.8% from its 52-week high of $3.27.
At the moment, there are 7.04B shares of CAN outstanding. The market cap of CAN is $388.39M. In the past 24 hours, 25.12M CAN shares were traded.
How to Buy Canaan Stock
Wondering how to invest in Canaan stock? Here's how.
- Figure out where to buy Canaan stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Canaan stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Select your payment method and add your info.
- 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 market research website can help you figure out if CAN is a good stock to buy).
- 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 specific price.
- Watch your CAN position: Create a watchlist to important notifications about your investment in Canaan stock.
Step 1: Figure out where to buy Canaan stock
You will need a brokerage account to access the NASDAQ market and buy CAN shares.
Our recommended brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you are able to buy CAN stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on a investment app, your next step is to transfer the money for your investment:
Check out the video below if you need help transferring money into your new brokerage account.
Step 4: Analyze Canaan stock
Once you have figured out the best place to buy Canaan stock, it's critical to evaluate their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Canaan Numbers
CAN Overview
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CAN's stock page.
Is CAN stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge CAN's fair value.
Using relative valuations measures:
- CAN may be undervalued based on its P/B ratio of 1.2x, relative to Computer Hardware industry P/B ratio of 13.14x
You can do more valuation analysis on CAN's stock here.
CAN Financials at a glance
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:
- Total CAN debt is higher than 5 years ago, relative to shareholder equity.
- CAN has a relatively high debt to equity ratio of 0.83.
- CAN has cash burn of 324464000. It does not have enough cash and short-term investments to cover this.
- CAN profit margin has gone up by 0.82 percentage points in the past year, but the company is still unprofitable.
- CAN has $141.26M in cash and short term investments. This is not enough to cover its annual cash burn of $324.46M.
Is CAN stock a Buy, Hold, or Sell, according to analysts?
Out of 6 sell side analysts who monitor CAN, the consensus analyst rating on CAN is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent CAN Analyst Recommendations
Joe Flynn, a bottom 31% analyst from Compass Point initiates coverage on CAN with a strong buy rating and announces their CAN price target of $2.50, on Mar 18, 2025.
You can dig deeper into what analysts are projecting on the Canaan stock forecast page.
CAN Technicals
CAN Growth Metrics
Last year, CAN revenue was $345.36M. During the past 5 year, CAN's revenue has grown by 11.53% per year. This was slower than the Computer Hardware industry average of 22.85%.
You can analyze CAN's earnings and revenue performance here.
Latest Insiders Trades at CAN
Over the last 12 months, executives and large shareholders at CAN have not bought or sold any shares.
Get more info about who owns CAN stock here.
Does CAN provide a stable income stream?
No, Canaan doesn't provide an income stream by paying out dividends.
What do other traders have to say about CAN?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your CAN purchase
There are two main 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 mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price, use a limit order.
Click the Open button and eToro will execute the order.
If you require additional help buying stocks on eToro, click the helpful video below:
Step 6: Watch your CAN position
Now that you own some CAN shares, you'll want to stay up-to-date on your new investment.
Put CAN on a watchlist to get notified of the latest news about your CAN stock.
CAN Feed
How to Buy Stock in Canaan
To summarize, here are the 6 steps to buy stock in Canaan:
- Figure out where to buy Canaan stock
- Sign up for your brokerage account
- Deposit money your investment account
- Analyze Canaan stock
- Place your CAN purchase
- Watch your CAN position
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your new investment in Canaan, create a watchlist today.
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