Equities Analysts Offer Predictions for Canaan Q1 Earnings

Canaan Inc. (NASDAQ:CAN) – Equities research analysts at B. Riley issued their Q1 2025 EPS estimates for Canaan in a research note issued on Monday, April 28th. B. Riley analyst N. Giles anticipates that the company will post earnings of ($0.15) per share for the quarter. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Canaan’s Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.00 EPS and FY2026 earnings at $0.15 EPS.

Other analysts also recently issued research reports about the company. Compass Point started coverage on Canaan in a research note on Tuesday, March 18th. They issued a “buy” rating and a $2.50 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $8.00 price target on shares of Canaan in a research report on Friday, April 11th. Finally, HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Canaan in a research report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.88.

Canaan Trading Down 0.7 %

Shares of CAN stock opened at $0.69 on Thursday. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $193.59 million, a price-to-earnings ratio of -0.51 and a beta of 3.48. Canaan has a 12-month low of $0.65 and a 12-month high of $3.27. The stock’s 50-day moving average price is $0.91 and its 200-day moving average price is $1.54.

Canaan (NASDAQ:CAN) last announced its quarterly earnings data on Wednesday, March 26th. The company reported ($2.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.88) by ($1.29). Canaan had a negative net margin of 128.85% and a negative return on equity of 60.37%. The company had revenue of $88.77 million for the quarter, compared to analysts’ expectations of $88.50 million. During the same period last year, the business earned ($2.16) earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CAN. Tidal Investments LLC bought a new stake in shares of Canaan in the 4th quarter worth about $9,584,000. Vident Advisory LLC lifted its stake in Canaan by 2,306.4% in the fourth quarter. Vident Advisory LLC now owns 4,311,718 shares of the company’s stock worth $8,839,000 after purchasing an additional 4,132,539 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Canaan during the fourth quarter valued at approximately $5,343,000. Renaissance Technologies LLC bought a new position in shares of Canaan during the fourth quarter valued at approximately $3,689,000. Finally, Millennium Management LLC raised its holdings in shares of Canaan by 139.7% in the fourth quarter. Millennium Management LLC now owns 2,808,545 shares of the company’s stock worth $5,758,000 after buying an additional 1,637,019 shares during the period. 70.14% of the stock is owned by hedge funds and other institutional investors.

Canaan Company Profile

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 in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.