CAN
Canaan CreativeCAN
CAN
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
17% more call options, than puts
Call options by funds: $1.43M | Put options by funds: $1.22M
0% more funds holding
Funds holding: 68 [Q2] → 68 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
0.11% less ownership
Funds ownership: 1.37% [Q2] → 1.26% (-0.11%) [Q3]
8% less capital invested
Capital invested by funds: $57.9M [Q2] → $53.5M (-$4.48M) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$3
29%
upside
Avg. target
$3.50
51%
upside
High target
$4
72%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Rosenblatt Kevin Cassidy 56% 1-year accuracy 30 / 54 met price target | 72%upside $4 | Buy Maintained | 6 Dec 2024 |
HC Wainwright & Co. Kevin Dede 68% 1-year accuracy 41 / 60 met price target | 29%upside $3 | Buy Reiterated | 21 Nov 2024 |
Financial journalist opinion
Based on 4 articles about CAN published over the past 30 days
Neutral
PRNewsWire
1 week ago
Canaan Inc. Signs Agreement with AGM Group Holdings Inc.
Provides 2000 A15 Hydro Bitcoin mining machines in initial order Continues global expansion with addition of new customer SINGAPORE , Dec. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with AGM Group Holdings Inc. ("AGMH"), an integrated technology company specializing in fintech software services and production of high-performance hardware and computing equipment, for its Avalon A15 HydU 370T ("A15 Hydro") mining machines.
Neutral
PRNewsWire
3 weeks ago
Canaan Inc. to Participate in Upcoming Investor Conferences
SINGAPORE , Dec. 2, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conferences in December 2024. Canaan's management plans to host one-on-one meetings with institutional investors at the conferences.
Neutral
Accesswire
3 weeks ago
Theralase(R) Release's 3Q2024 Financial Statements
TORONTO, ON / ACCESSWIRE / November 27, 2024 / Theralase® Technologies Inc. (" Theralase® " or the " Company ") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light, radiation, sound and drug-activated small molecules and their formulations, intended for the safe and effective destruction of various cancers, bacteria and viruses has released the Company's unaudited condensed consolidated interim financial statements for the nine-month period ended September 30, 2024. (" Financial Statements ").
Neutral
PRNewsWire
3 weeks ago
Canaan Inc. Closes Series A-1 Preferred Shares Financing
SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the "Preferred Shares Financing"), raising total gross proceeds of US$30 million. On November 19, 2024, the Company entered into a securities purchase agreement ("Securities Purchase Agreement") with an institutional investor (the "Buyer"), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the "Preferred Shares") at the price of US$1,000.00 for each Preferred Share.
Positive
Zacks Investment Research
1 month ago
Should You Buy Canaan (CAN) After Golden Cross?
From a technical perspective, Canaan Inc. Sponsored ADR (CAN) is looking like an interesting pick, as it just reached a key level of support. CAN's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Positive
Proactive Investors
1 month ago
HIVE Digital expands Bitcoin mining capacity with purchase of 5,000 Canaan Avalon miners
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan, enhancing its mining efficiency and operational capacity. This follows an earlier acquisition of 6,500 Avalon miners, bringing November's total orders to 11,500 units.
Positive
Seeking Alpha
1 month ago
Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?
Canaan's Q3 earnings report beat analyst expectations for top line revenue but missed on EPADS. The company grew compute power sold by 92% year over and improved rate by 12%. Canaan's Avalon Nano 3 machine could conceivably generate increased interest from home miners if the psychological level of $100k BTC is breached.
Neutral
Newsfile Corp
1 month ago
RETRANSMISSION: HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - HIVE Digital Technologies Ltd.
Neutral
Newsfile Corp
1 month ago
HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - HIVE Digital Technologies Ltd.
Neutral
Seeking Alpha
1 month ago
Canaan Inc. (CAN) Q3 2024 Earnings Call Transcript
Canaan Inc. (NASDAQ:CAN ) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Cassidy - Rosenblatt Securities Nick Giles - B. Riley Securities Kevin Dede - H.C.
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