What is B. Riley’s Forecast for Canaan FY2026 Earnings?

Canaan Inc. (NASDAQ:CAN) – Investment analysts at B. Riley issued their FY2026 earnings per share estimates for shares of Canaan in a research note issued on Wednesday, December 18th. B. Riley analyst N. Giles anticipates that the company will post earnings per share of $0.51 for the year. B. Riley has a “Buy” rating and a $2.00 price objective on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.66) per share.

A number of other analysts also recently weighed in on CAN. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of Canaan in a research report on Thursday, November 21st. Rosenblatt Securities boosted their price objective on shares of 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

Shares of CAN opened at $2.31 on Friday. Canaan has a one year low of $0.72 and a one year high of $3.50. The company has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $1.26. 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 firm has a market capitalization of $650.45 million, a PE ratio of -1.71 and a beta of 3.24.

Institutional Investors Weigh In On Canaan

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC purchased a new stake in Canaan in the second quarter worth about $34,000. XTX Topco Ltd bought a new position in shares of Canaan during the 2nd quarter valued at approximately $79,000. Virtu Financial LLC increased its holdings in Canaan by 35.2% in the 3rd 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. Farther Finance Advisors LLC raised its stake in 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 acquiring an additional 30,447 shares during the period. Finally, Impact Partnership Wealth LLC lifted its holdings in Canaan by 271.1% during the second quarter. Impact Partnership Wealth LLC now owns 125,990 shares of the company’s stock valued at $126,000 after purchasing an additional 92,038 shares in the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

Canaan Company Profile

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.