How to Buy Canaan Stock
Canaan Inc
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 primarily in the People's Republic of China.
Canaan stock last closed at $0.92, down 17.12% from the previous day, and has decreased 68.38% in one year. It has underperformed other stocks in the Computer Hardware industry by 2.1 percentage points. Canaan stock is currently +3.37% from its 52-week low of $0.89, and -73.71% from its 52-week high of $3.50.
At the moment, there are 3.77B shares of CAN outstanding. The market cap of CAN is $232.51M. In the past 24 hours, 19.2M 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.
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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 0.67x, relative to Computer Hardware industry P/B ratio of 13.52x
You can do more valuation analysis on CAN's stock here.
CAN Financials at a glance
Passed Health Checks:
- CAN has $96.15M in cash and short term investments. This is enough to cover its annual cash burn of $124.64M.
- There are more short-term assets than long-term liabilities on the CAN balance sheet.
- Total CAN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CAN balance sheet.
Failed Health Checks:
- CAN has a relatively high debt to equity ratio of 0.42.
- CAN profit margin has gone down from 10.7% to -195.8% in the past year.
- CAN has cash burn of 124637000. It does not have enough cash and short-term investments to cover this.
Is CAN stock a Buy, Hold, or Sell, according to analysts?
Out of 2 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.
You can dive deeper into what analysts are forecasting on the Canaan stock forecast page.
CAN Technical Indicators
How are CAN Revenues/Earnings doing?
Last year, CAN revenue was $211.48M. In the last five year, CAN's revenue has gone up by -11.62% per year. This was slower than the Computer Hardware industry average of 9.41%.
Dive into CAN's earnings and revenue performance here.
Latest Insiders Trades at CAN
In the last year, executives and large shareholders at CAN have not bought or sold any shares.
Learn more about who owns CAN stock here.
Can I rely on CAN as an income stream?
No, Canaan doesn't provide an income stream by paying out dividends.
What others are saying about CAN
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your CAN purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place the order.
If you require additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Watch your CAN position
Now that you own some CAN shares, you'll want to keep up with your investment.
Create a watchlist to keep tabs on your CAN stock.
CAN Feed
How to Buy Stock in Canaan
To summarize, here are the 6 steps to buy Canaan stock:
- 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 are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Canaan, hit the button below to create your watchlist.
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