FY2026 Earnings Estimate for Canaan Issued By B. Riley

Canaan Inc. (NASDAQ:CAN) – Investment analysts at B. Riley issued their FY2026 EPS estimates for shares of Canaan in a note issued to investors on Wednesday, December 18th. B. Riley analyst N. Giles anticipates that the company will earn $0.51 per share for the year. B. Riley has a “Buy” rating and a $2.00 price target on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.66) per share.

CAN has been the topic of a number of other research reports. Rosenblatt Securities increased their price target on Canaan from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Canaan in a research note on Thursday, November 21st.

Canaan Stock Up 0.4 %

CAN stock opened at $2.32 on Friday. Canaan has a fifty-two week low of $0.72 and a fifty-two week high of $3.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.03 and a quick ratio of 1.45. The business’s fifty day moving average price is $1.73 and its two-hundred day moving average price is $1.26. The stock has a market capitalization of $653.27 million, a price-to-earnings ratio of -1.72 and a beta of 3.24.

Hedge Funds Weigh In On Canaan

Several institutional investors have recently added to or reduced their stakes in CAN. State Street Corp boosted its position in shares of Canaan by 0.3% during the third quarter. State Street Corp now owns 9,111,069 shares of the company’s stock valued at $9,202,000 after buying an additional 23,759 shares during the last quarter. Virtu Financial LLC raised its position in shares of Canaan by 35.2% in the third quarter. Virtu Financial LLC now owns 103,394 shares of the company’s stock valued at $104,000 after purchasing an additional 26,920 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Canaan by 38.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 109,409 shares of the company’s stock valued at $111,000 after buying an additional 30,447 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Canaan in the second quarter worth $34,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Canaan by 20.4% in the second quarter. Commonwealth Equity Services LLC now owns 215,372 shares of the company’s stock valued at $215,000 after purchasing an additional 36,422 shares in the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.

About Canaan

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.