Canaan CreativeCAN
Market Cap: $264M
About: Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts.
Employees: 541
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
168% more call options, than puts
Call options by funds: $2.34M | Put options by funds: $874K
0.2% less ownership
Funds ownership: 1.56% [Q1] → 1.36% (-0.2%) [Q2]
19% less funds holding
Funds holding: 83 [Q1] → 67 (-16) [Q2]
32% less capital invested
Capital invested by funds: $84.1M [Q1] → $57.6M (-$26.5M) [Q2]
38% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 26
59% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 27
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HC Wainwright & Co. Kevin Dede 29% 1-year accuracy 15 / 51 met price target | 227%upside $3 | Buy Reiterated | 16 Aug 2024 |
Financial journalist opinion
Based on 11 articles about CAN published over the past 30 days