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.
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.
Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
Deposit money your investment account: Pick your payment method and add your information.
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).
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.
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.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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
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%.
No, Canaan doesn't provide an income stream by paying out dividends.
CAN Social Trading Data
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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:
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.
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.