Canaan Inc. (CAN)Technology | Computer Hardware | Singapore, Singapore | NasdaqCM
0.30 USD
0.00
(-1.598%) ⇩
(July 14, 2026, 12:07 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:46 a.m. EDT
The investment case for Canaan is currently broken by a perfect storm of deteriorating fundamentals and capitulation in the market. The company is trapped in a multi-year structural decline, having lost over 61% of its value over the last five years with four consecutive years of negative annual returns. This is not a temporary dip; the business is hemorrhaging cash, posting negative operating margins of nearly 87%, and suffering a 24% contraction in revenue. While the CEO's recent open-market purchases suggest insider confidence, buying the bag at these lows does not negate the reality that the underlying asset is generating losses and shrinking. The options market confirms this pessimism, with traders aggressively selling downside protection and offering virtually no call interest, implying a continued grind lower. With no dividend to provide income and a balance sheet showing debt levels that exceed equity, this is a speculative trap for anyone looking for stability or recovery without a fundamental turnaround that the current data does not support. |
| Model | MAE |
|---|---|
| MSTL_115 ✓ | 0.164210 |
| MSTL_70_115 | 0.180926 |
| AutoTheta | 0.226998 |
| AutoETS | 0.252605 |
| AutoARIMA | 0.252835 |
| MSTL | 0.260738 |
| MSTL_70 | 0.308316 |
Forecast horizon: 60 days | Selected: MSTL_115
| Forecast Reliability | |
|---|---|
| Score | 31% |
| H-stat | 4.19 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.070 |
| Excess Kurtosis | -1.41 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 14.807 |
| Revenue per Share | 0.907 |
| Market Cap | 220,669,296 |
| Forward P/E | -1.32 |
| Beta | 2.58 |
| Profit Margins | -41.71% |
| Website | https://investor.canaan-creative.com |
As of July 11, 2026, 4:46 a.m. EDT: Options activity reveals a distinct lack of bullish positioning. Call volume is negligible across all expirations, with Open Interest concentrated in deep out-of-the-money strikes ($1.00+) where liquidity is thin. Conversely, put writing is active, particularly in the October and January 2027 expirations, with significant Open Interest at the $0.50 strike acting as a barrier. The implied volatility skew shows a massive premium for downside protection (puts at 11.63% IV vs calls at 3.88%), indicating the market is pricing in a high probability of further decline rather than a rebound.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.6532258 |
| Address1 | 28 Ayer Rajah Crescent #06-08 |
| All Time High | 39.1 |
| All Time Low | 0.262 |
| Ask | 2.47 |
| Ask Size | 4 |
| Audit Risk | 7 |
| Average Daily Volume10 Day | 11,002,850 |
| Average Daily Volume3 Month | 10,647,080 |
| Average Volume | 10,647,080 |
| Average Volume10Days | 11,002,850 |
| Beta | 2.583 |
| Bid | 0.2142 |
| Bid Size | 2 |
| Board Risk | 4 |
| Book Value | 0.513 |
| City | Singapore |
| Compensation Risk | 5 |
| Country | Singapore |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 0.296 |
| Current Ratio | 3.344 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 0.3099 |
| Day Low | 0.2955 |
| Debt To Equity | 14.807 |
| Display Name | Canaan |
| Earnings Call Timestamp End | 1,779,192,000 |
| Earnings Call Timestamp Start | 1,779,192,000 |
| Earnings Timestamp | 1,779,193,800 |
| Earnings Timestamp End | 1,786,624,200 |
| Earnings Timestamp Start | 1,786,624,200 |
| Ebitda | -67,659,248 |
| Ebitda Margins | -0.13276 |
| Enterprise To Ebitda | -3.505 |
| Enterprise To Revenue | 0.465 |
| Enterprise Value | 237,150,128 |
| Eps Current Year | -0.76333 |
| Eps Forward | -0.225 |
| Eps Trailing Twelve Months | -0.31 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 0.39092 |
| Fifty Day Average Change | -0.09492001 |
| Fifty Day Average Change Percent | -0.24281184 |
| Fifty Two Week Change Percent | -65.32258 |
| Fifty Two Week High | 2.22 |
| Fifty Two Week High Change | -1.924 |
| Fifty Two Week High Change Percent | -0.8666667 |
| Fifty Two Week Low | 0.262 |
| Fifty Two Week Low Change | 0.03400001 |
| Fifty Two Week Low Change Percent | 0.12977102 |
| Fifty Two Week Range | 0.262 - 2.22 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,574,260,200,000 |
| Float Shares | 552,607,335 |
| Forward Eps | -0.225 |
| Forward P E | -1.3155556 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 399 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.03455 |
| Gross Profits | 17,606,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.09111 |
| Held Percent Institutions | 0.18985 |
| 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 | 220,669,296 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_366948896 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -212,584,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 225,664,175 |
| Number Of Analyst Opinions | 6 |
| Open | 0.305 |
| Operating Margins | -0.86948997 |
| Overall Risk | 4 |
| Payout Ratio | 0.0 |
| Phone | 65 6305 6618 |
| Previous Close | 0.3008 |
| Price Eps Current Year | -0.38777465 |
| Price Hint | 4 |
| Price To Book | 0.57699805 |
| Price To Sales Trailing12 Months | 0.43298033 |
| Profit Margins | -0.41712 |
| Quick Ratio | 1.147 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.004799992 |
| Regular Market Change Percent | -1.5978669 |
| Regular Market Day High | 0.3099 |
| Regular Market Day Low | 0.2955 |
| Regular Market Day Range | 0.2955 - 0.3099 |
| Regular Market Open | 0.305 |
| Regular Market Previous Close | 0.3008 |
| Regular Market Price | 0.296 |
| Regular Market Time | 1,784,045,220 |
| Regular Market Volume | 1,277,210 |
| Return On Assets | -0.13667 |
| Return On Equity | -0.67857003 |
| Revenue Growth | -0.243 |
| Revenue Per Share | 0.907 |
| Sand P52 Week Change | 0.20365608 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 724,729,417 |
| Shares Percent Shares Out | 0.0956 |
| Shares Short | 71,286,256 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 62,050,287 |
| Short Name | Canaan Inc. |
| Short Percent Of Float | 0.102299996 |
| Short Ratio | 7.02 |
| Source Interval | 15 |
| Symbol | CAN |
| Target High Price | 3.0 |
| Target Low Price | 0.9 |
| Target Mean Price | 1.71667 |
| Target Median Price | 1.65 |
| Total Cash | 43,451,000 |
| Total Cash Per Share | 0.058 |
| Total Debt | 56,552,000 |
| Total Revenue | 509,652,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.31 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 0.712815 |
| Two Hundred Day Average Change | -0.41681498 |
| Two Hundred Day Average Change Percent | -0.584745 |
| Type Disp | Equity |
| Volume | 1,277,210 |
| Website | https://investor.canaan-creative.com |
| Zip | 139,959 |