What is HC Wainwright’s Estimate for Canaan Q1 Earnings?

Canaan Inc. (NASDAQ:CAN) – Research analysts at HC Wainwright issued their Q1 2025 earnings per share (EPS) estimates for Canaan in a note issued to investors on Thursday, March 27th. HC Wainwright analyst K. Dede anticipates that the company will post earnings of ($0.15) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share. HC Wainwright also issued estimates for Canaan’s Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.00 EPS.

A number of other brokerages have also weighed in on CAN. Rosenblatt Securities reiterated a “buy” rating and set a $8.00 price objective on shares of Canaan in a report on Thursday. Compass Point started coverage on shares of Canaan in a research report on Tuesday, March 18th. They set a “buy” rating and a $2.50 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3.88.

Canaan Stock Performance

Shares of NASDAQ:CAN opened at $0.91 on Monday. 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 company has a market capitalization of $256.41 million, a price-to-earnings ratio of -0.67 and a beta of 3.39. Canaan has a 12 month low of $0.72 and a 12 month high of $3.27. The firm’s 50-day moving average is $1.52 and its 200 day moving average is $1.60.

Canaan (NASDAQ:CAN) last released its earnings results on Wednesday, March 26th. The company reported ($2.17) earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm posted ($2.16) earnings per share.

Institutional Investors Weigh In On Canaan

A number of hedge funds and other institutional investors have recently made changes to their positions in CAN. EntryPoint Capital LLC acquired a new position in shares of Canaan during the 4th quarter worth approximately $32,000. Raymond James Financial Inc. purchased a new stake in Canaan in the 4th quarter worth $33,000. Wellington Management Group LLP acquired a new position in Canaan during the fourth quarter worth $48,000. Chesapeake Capital Corp IL acquired a new position in Canaan during the fourth quarter worth $79,000. Finally, SBI Securities Co. Ltd. purchased a new position in Canaan during the fourth quarter valued at $83,000. Institutional investors and hedge funds own 70.14% of the company’s stock.

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.