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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 $1.13, down 5.83% from the previous day, and has decreased 61.03% in one year. It has underperformed other stocks in the Computer Hardware industry by 2 percentage points. Canaan stock is currently +1.8% from its 52-week low of $1.11, and -67.71% from its 52-week high of $3.50.

There are currently 3.51B shares of CAN outstanding. The market capitalization of CAN is $266.12M. In the last 24 hours, 8.63M 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.

Our recommended brokerage: eToro

In our opinion, eToro is the best brokerage. Here's why:

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  • 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.
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Get $10 towards your share purchase by creating an account with eToro today.

Open eToro Account
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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.

How to Open a New Brokerage Account on eToro

  1. 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.
  2. Enter your personal info to open a new trading account.
  1. Send your data by pressing the "Create Account" button.
  2. Get started with eToro today
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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.

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.

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
$1.13
1w %
-13.74%
1y %
-61.03%
5y %
N/A
P/E
-0.47x
P/B
0.76x
P/S
0.96x
PEG
N/A
Revenue
$211.48M
Earnings
-$414.15M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$266.12M
Next Earnings
May 24, 2024
Next Dividend
N/A

CAN Zen 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 0.76x, relative to Computer Hardware industry P/B ratio of 13.58x

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

How do CAN Financials look?

Passed Health Checks:

  • 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.
  • There are more short-term assets than long-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 11.1% to -195.8% in the past year.

Is it a good time to buy Canaan stock, according to analysts?

Out of 2 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.

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

CAN Technical Indicators

SMA10
1.27
SMA20
1.35
SMA50
1.54
SMA100
1.72
SMA200
1.94
MACD
-0.09
MACD Signal
-0.09
MACD Histogram
-0.01
RSI
34.51
Stochastic %K
2.99
Stochastic %D
5.57
StochRSI %K
0.04
StochRSI %D
4.99

CAN Growth Metrics

Last year, CAN revenue was $211.48M. Over the last 5 year, CAN's revenue has grown by -11.62% per year. This was slower than the Computer Hardware industry average of 9.37%.

Learn more about CAN's earnings and revenue performance here.

What are CAN executives and large shareholders up to?

In the past year, 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 others are saying about CAN

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your CAN purchase

There are two main 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 mostly the best for newer investors.
  • Limit order: A limit order is an order 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 price limit, use a limit order.

Hit the Open button and eToro will place your order.

If you require more help with investing in stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Watch your CAN position

Now that you own some CAN shares, you'll want to keep up with your new investment.

Make a watchlist to get the latest updates about your CAN stock.

CAN Feed

How to Buy Stock in Canaan

To summarize, here are the 6 steps you need to take to buy Canaan stock right now:

  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 recommended 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 get the latest news on your investment in Canaan, click the button below.

NASDAQ: CAN
$1.13-0.07 (-5.83%)
Updated Apr 15, 2024
Open eToro Account
NASDAQ: CAN
$1.13-0.07 (-5.83%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Canaan share?

As of Apr 15, 2024, it costs $1.13 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 $0.57, 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 2 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.