FY2026 Earnings Estimate for Canaan Issued By B. Riley

Canaan Inc. (NASDAQ:CAN) – Equities researchers at B. Riley issued their FY2026 earnings estimates for Canaan in a report issued on Wednesday, December 18th. B. Riley analyst N. Giles forecasts that the company will post earnings per share of $0.51 for the year. B. Riley currently 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 subject of several other reports. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Canaan in a report on Thursday, November 21st. Rosenblatt Securities lifted their price target on Canaan from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Canaan Price Performance

Shares of Canaan stock opened at $2.32 on Friday. 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’s 50-day moving average price is $1.76 and its two-hundred day moving average price is $1.27. Canaan has a 52 week low of $0.72 and a 52 week high of $3.50. The stock has a market cap of $653.27 million, a PE ratio of -1.72 and a beta of 3.24.

Institutional Trading of Canaan

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in Canaan by 55.4% in the 2nd quarter. Van ECK Associates Corp now owns 9,762,972 shares of the company’s stock worth $9,761,000 after purchasing an additional 3,482,283 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Canaan during the third quarter worth about $556,000. Quadrature Capital Ltd increased its stake in Canaan by 329.4% during the third quarter. Quadrature Capital Ltd now owns 544,976 shares of the company’s stock valued at $550,000 after acquiring an additional 418,052 shares during the period. XTX Topco Ltd raised its holdings in Canaan by 193.3% in the 3rd quarter. XTX Topco Ltd now owns 232,525 shares of the company’s stock valued at $235,000 after acquiring an additional 153,255 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its position in shares of Canaan by 271.1% in the 2nd quarter. Impact Partnership Wealth LLC now owns 125,990 shares of the company’s stock worth $126,000 after acquiring an additional 92,038 shares during the period. Institutional investors own 70.14% of the company’s stock.

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.