1 week Ago By Defense World Staff
Canaan Inc. ( NASDAQ:CAN – Free Report ) – Analysts at HC Wainwright boosted their FY2025 earnings per share estimates for Canaan in a research report issued on Wednesday, January 22nd. HC Wainwright analyst K.
Dede now expects that the company will post earnings of ($0.15) per share for the year, up from their previous forecast of ($0.45).
HC Wainwright currently has a “Buy” rating and a $3.00 target price 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 Canaan from $3.00 to $4.
00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Canaan Stock Performance NASDAQ:CAN opened at $2.09 on Friday.
The stock has a 50-day moving average price of $2.19 and a 200 day moving average price of $1.45.
The stock has a market capitalization of $588.50 million, a P/E ratio of -1.55 and a beta of 3.
27. Canaan has a 12-month low of $0.72 and a 12-month high of $3.
27. 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 Several hedge funds have recently modified their holdings of the company.
Baader Bank Aktiengesellschaft increased its position in Canaan by 287.0% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,305,724 shares of the company’s stock worth $2,677,000 after purchasing an additional 968,347 shares during the last quarter.
Exchange Traded Concepts LLC purchased a new stake in shares of Canaan during the 4th quarter valued at about $2,807,000. Old Port Advisors bought a new position in shares of Canaan in the 4th quarter valued at about $100,000. Virtu Financial LLC grew its position in Canaan by 35.
2% in the third quarter. Virtu Financial LLC now owns 103,394 shares of the company’s stock worth $104,000 after acquiring an additional 26,920 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Canaan by 193.
3% during the third quarter. XTX Topco Ltd now owns 232,525 shares of the company’s stock worth $235,000 after acquiring an additional 153,255 shares during the last quarter. 70.
14% of the stock is owned by hedge funds and other institutional investors. About Canaan ( Get Free Report ) 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.
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