Canaan Inc. (CAN)Technology | Computer Hardware | Singapore, Singapore | NasdaqGM
0.57 USD
+0.05
(9.001%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 0.58 +0.01 (0.941%) ⇧ (April 17, 2026, 7:54 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 18, 2026, 10:58 p.m. EDT
Canaan (CAN) is a high-risk value trap caught in the gravity of its own stranded asset problem. Despite reporting massive revenue growth (+121%) and expanding Bitcoin mining capacity, the company is hemorrhaging cash through operating losses and hardware obsolescence. The fundamental data paints a bleak picture with negative EPS (-$0.45), a Forward PE of -16.4, and a return on equity of -60%. The recent price decline from $2.22 highs to near $0.40-0.57 is not a 'buy the dip' opportunity; it is a reclassification of the asset class from 'potential growth stock' to 'cratering commodities play'. Investors should avoid this stock until the mining hardware inventory crisis resolves and profitability returns, which data suggests is not imminent. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.149142 |
| AutoTheta | 0.172702 |
| AutoETS | 0.374669 |
| MSTL | 0.375439 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 67% |
| H-stat | 0.45 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.024 |
| Excess Kurtosis | 1.44 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 12.552 |
| Revenue per Share | 1.13 |
| Market Cap | 427,919,520 |
| Forward P/E | -16.40 |
| Beta | 2.47 |
| Profit Margins | -39.69% |
| Website | https://investor.canaan-creative.com |
As of April 18, 2026, 10:58 p.m. EDT: Options flow exhibits a distinct 'cat spread' paralysis. At the nearest expiration (April 17), implied volatility for Puts is significantly inflated (4.75x ATM IV) compared to Calls (1.0x), with dominant OI at the $1.00 strike for both legs. This suggests a specific hedging or positioning strategy at the $1.00 quantum resistance level rather than broad directional bets. While there is some call volume in the $2.50 strike range for the July expiration, the near-term gamma profile is defensive, indicating speculators are preparing for high volatility or a potential crash to the lows rather than an immediate upside breakout.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.1608187 |
| Address1 | 28 Ayer Rajah Crescent #06-08 |
| All Time High | 39.1 |
| All Time Low | 0.386 |
| Ask | 0.592 |
| Ask Size | 78 |
| Audit Risk | 6 |
| Average Daily Volume10 Day | 9,763,100 |
| Average Daily Volume3 Month | 12,952,758 |
| Average Volume | 12,952,758 |
| Average Volume10Days | 9,763,100 |
| Beta | 2.469 |
| Bid | 0.5648 |
| Bid Size | 78 |
| Board Risk | 4 |
| Book Value | 0.66 |
| City | Singapore |
| Compensation Risk | 9 |
| Country | Singapore |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 0.574 |
| Current Ratio | 3.305 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 0.5874 |
| Day Low | 0.551 |
| Debt To Equity | 12.552 |
| Display Name | Canaan |
| Earnings Call Timestamp End | 1,770,728,400 |
| Earnings Call Timestamp Start | 1,770,728,400 |
| Earnings Timestamp | 1,770,730,200 |
| Earnings Timestamp End | 1,778,675,400 |
| Earnings Timestamp Start | 1,778,675,400 |
| Ebitda | -75,222,000 |
| Ebitda Margins | -0.142 |
| Enterprise To Ebitda | -75.499 |
| Enterprise To Revenue | 10.721 |
| Enterprise Value | 5,679,219,200 |
| Eps Forward | -0.035 |
| Eps Trailing Twelve Months | -0.45 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 0.4817 |
| Fifty Day Average Change | 0.0923 |
| Fifty Day Average Change Percent | 0.19161303 |
| Fifty Two Week Change Percent | -16.08187 |
| Fifty Two Week High | 2.22 |
| Fifty Two Week High Change | -1.646 |
| Fifty Two Week High Change Percent | -0.7414414 |
| Fifty Two Week Low | 0.386 |
| Fifty Two Week Low Change | 0.188 |
| Fifty Two Week Low Change Percent | 0.4870466 |
| Fifty Two Week Range | 0.386 - 2.22 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,574,260,200,000 |
| Float Shares | 7,469,502,575 |
| Forward Eps | -0.035 |
| Forward P E | -16.4 |
| Full Exchange Name | NasdaqGM |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.0777 |
| Gross Profits | 41,158,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.09512 |
| Held Percent Institutions | 0.20639 |
| Implied Shares Outstanding | 745,504,380 |
| Industry | Computer Hardware |
| Industry Disp | Computer Hardware |
| Industry Key | computer-hardware |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Ireland, Georgia, Brazil, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore. |
| Long Name | Canaan Inc. |
| Market | us_market |
| Market Cap | 427,919,520 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_366948896 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | -210,267,008 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 427,919,513 |
| Number Of Analyst Opinions | 7 |
| Open | 0.5512 |
| Operating Margins | -0.07563 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Phone | 65 6305 6618 |
| Post Market Change | 0.005400002 |
| Post Market Change Percent | 0.9407669 |
| Post Market Price | 0.5794 |
| Post Market Time | 1,776,470,060 |
| Previous Close | 0.5266 |
| Price Hint | 4 |
| Price To Book | 0.8696969 |
| Price To Sales Trailing12 Months | 0.8077992 |
| Profit Margins | -0.39693 |
| Quick Ratio | 1.165 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0474 |
| Regular Market Change Percent | 9.00114 |
| Regular Market Day High | 0.5874 |
| Regular Market Day Low | 0.551 |
| Regular Market Day Range | 0.551 - 0.5874 |
| Regular Market Open | 0.5512 |
| Regular Market Previous Close | 0.5266 |
| Regular Market Price | 0.574 |
| Regular Market Time | 1,776,456,001 |
| Regular Market Volume | 15,772,655 |
| Return On Assets | -0.12154 |
| Return On Equity | -0.59766996 |
| Revenue Growth | 1.211 |
| Revenue Per Share | 1.13 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 724,729,417 |
| Shares Percent Shares Out | 0.0932 |
| Shares Short | 64,504,056 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 52,846,520 |
| Short Name | Canaan Inc. |
| Short Percent Of Float | 0.0988 |
| Short Ratio | 6.4 |
| Source Interval | 15 |
| Symbol | CAN |
| Target High Price | 3.0 |
| Target Low Price | 1.5 |
| Target Mean Price | 2.05 |
| Target Median Price | 2.0 |
| Total Cash | 80,778,000 |
| Total Cash Per Share | 0.008 |
| Total Debt | 54,900,000 |
| Total Revenue | 529,735,008 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.45 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 0.813015 |
| Two Hundred Day Average Change | -0.23901498 |
| Two Hundred Day Average Change Percent | -0.29398596 |
| Type Disp | Equity |
| Volume | 15,772,655 |
| Website | https://investor.canaan-creative.com |
| Zip | 139,959 |