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 $0.95, down 2.45% from the previous day, and has decreased 21.8% in one year. It has underperformed other stocks in the Computer Hardware industry by 0.28 percentage points. Canaan stock is currently +78.32% from its 52-week low of $0.54, and -70.83% from its 52-week high of $3.27.
There are currently 5.29B shares of CAN outstanding. The market capitalization of CAN is $338.11M. In the last 24 hours, 85.22M 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.
Our recommended brokerage: eToro
In our opinion, eToro is the best brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world financial markets: From Technology to Healthcare, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 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.
How to Open a New Brokerage 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 info to open a new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
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.
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 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 1.38x, relative to Computer Hardware industry P/B ratio of 12.05x
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 0.99 percentage points in the past year, but the company is still unprofitable.
- CAN has a relatively high debt to equity ratio of 1.31.
- Total CAN debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Canaan stock, according to analysts?
Out of 6 Equities analysts who give forecasts on CAN, the consensus analyst rating on CAN is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent CAN Analyst Recommendations
Joe Flynn, a bottom 22% 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 saying on the Canaan stock forecast page.
Metrics for Advanced CAN Traders
CAN Growth Numbers
Last year, CAN revenue was $317.01M. In the past 5 year, CAN's revenue has increased by 8.65% per year. This was slower than the Computer Hardware industry average of 25.7%.
You can research CAN's earnings and revenue performance here.
Are CAN insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at CAN have not bought or sold any shares.
Research more about who owns CAN stock here.
Can I get consistent income from CAN stock?
No, Canaan doesn't provide an income stream by paying out dividends.
CAN Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors 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 possible price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Press the Open button and your broker will execute your order.
If you want additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Watch your CAN position
Now that you own some shares in CAN, you'll want to stay up-to-date on your new shares.
Start a watchlist to keep track of your CAN stock.
CAN Feed
How to Buy Stock in Canaan
To reiterate, here are the 6 steps you need to take to buy Canaan stock right now:
- 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 online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to monitor your investment in Canaan, create a watchlist today.
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