B. Riley Predicts Canaan’s FY2026 Earnings (NASDAQ:CAN)

Canaan Inc. (NASDAQ:CAN) – Investment analysts at B. Riley upped their FY2026 earnings per share estimates for Canaan in a research report issued on Wednesday, February 12th. B. Riley analyst N. Giles now expects that the company will post earnings of $0.61 per share for the year, up from their previous estimate of $0.51. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share.

Several other research analysts also recently issued reports on CAN. Rosenblatt Securities upped their price objective on Canaan from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 6th. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Canaan in a research report on Wednesday, January 22nd.

Canaan Stock Performance

Canaan stock opened at $1.79 on Thursday. The business has a 50 day moving average of $2.15 and a 200-day moving average of $1.53. Canaan has a 1 year low of $0.72 and a 1 year high of $3.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.03 and a quick ratio of 1.45. The company has a market capitalization of $504.03 million, a P/E ratio of -1.33 and a beta of 3.26.

Institutional Trading of Canaan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Canaan by 38.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 109,409 shares of the company’s stock worth $111,000 after buying an additional 30,447 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Canaan during the 3rd quarter worth approximately $556,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of Canaan by 4.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 914,385 shares of the company’s stock worth $924,000 after buying an additional 42,774 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in shares of Canaan by 329.4% during the 3rd quarter. Quadrature Capital Ltd now owns 544,976 shares of the company’s stock worth $550,000 after buying an additional 418,052 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Canaan by 0.3% during the 3rd quarter. State Street Corp now owns 9,111,069 shares of the company’s stock worth $9,202,000 after buying an additional 23,759 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.

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.