What is HC Wainwright’s Estimate for Canaan FY2025 Earnings?

Canaan Inc. (NASDAQ:CANFree Report) – Stock analysts at HC Wainwright increased their FY2025 earnings per share estimates for shares of Canaan in a report issued on Wednesday, January 22nd. HC Wainwright analyst K. Dede now anticipates that the company will post earnings per share of ($0.15) for the year, up from their prior estimate of ($0.45). HC Wainwright currently has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share.

Separately, Rosenblatt Securities upped their price target on shares of Canaan from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 6th.

Read Our Latest Analysis on CAN

Canaan Stock Performance

CAN stock opened at $2.09 on Friday. Canaan has a twelve month low of $0.72 and a twelve month high of $3.27. The firm has a market cap of $588.50 million, a price-to-earnings ratio of -1.55 and a beta of 3.27. The business’s fifty day simple moving average is $2.19 and its two-hundred day simple moving average is $1.45. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CAN. State Street Corp raised its holdings in shares of Canaan by 0.3% in the 3rd quarter. State Street Corp now owns 9,111,069 shares of the company’s stock valued at $9,202,000 after purchasing an additional 23,759 shares in the last quarter. Virtu Financial LLC lifted its holdings in Canaan by 35.2% during the third quarter. Virtu Financial LLC now owns 103,394 shares of the company’s stock worth $104,000 after buying an additional 26,920 shares during the period. Farther Finance Advisors LLC boosted its position in 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 acquiring an additional 30,447 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Canaan in the 2nd quarter valued at $34,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Canaan by 20.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 215,372 shares of the company’s stock worth $215,000 after acquiring an additional 36,422 shares in the last quarter. 70.14% of the stock is currently owned by hedge funds and other institutional investors.

Canaan Company Profile

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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.

Further Reading

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