HC Wainwright Predicts Canaan’s Q1 Earnings (NASDAQ:CAN)

Canaan Inc. (NASDAQ:CAN) – Equities research analysts at HC Wainwright issued their Q1 2025 earnings estimates for Canaan in a research report issued on Thursday, March 27th. HC Wainwright analyst K. Dede anticipates that the company will post earnings per share of ($0.15) for the quarter. HC Wainwright 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. 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.

Canaan (NASDAQ:CAN) last posted its earnings results on Wednesday, March 26th. The company reported ($2.17) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $88.50 million. During the same period in the previous year, the company earned ($2.16) EPS.

Other equities analysts also recently issued research reports about the stock. Rosenblatt Securities restated a “buy” rating and issued a $8.00 price target on shares of Canaan in a research note on Thursday. Compass Point initiated coverage on Canaan in a research note on Tuesday, March 18th. They set a “buy” rating and a $2.50 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.88.

Canaan Price Performance

CAN opened at $0.91 on Monday. The stock’s 50-day moving average price is $1.52 and its 200 day moving average price is $1.60. Canaan has a 12-month low of $0.72 and a 12-month high of $3.27. The firm has a market cap of $256.41 million, a price-to-earnings ratio of -0.67 and a beta of 3.39. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.08.

Institutional Trading of Canaan

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

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.