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

Canaan Inc. (NASDAQ:CAN) – Stock analysts at B. Riley issued their FY2026 earnings per share estimates for shares of Canaan in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst N. Giles expects that the company will post earnings of $0.51 per share 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.

Several other research firms have also recently weighed in on CAN. Rosenblatt Securities raised their price objective on shares of Canaan from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 6th. HC Wainwright restated a “buy” rating and issued a $3.00 price objective on shares of Canaan in a research report on Thursday, November 21st.

Canaan Stock Performance

Shares of NASDAQ:CAN opened at $2.32 on Friday. The business has a fifty day moving average of $1.76 and a 200-day moving average of $1.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.45 and a current ratio of 2.03. Canaan has a twelve month low of $0.72 and a twelve month high of $3.50. The firm has a market cap of $653.27 million, a PE ratio of -1.72 and a beta of 3.24.

Hedge Funds Weigh In On Canaan

Several large investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Canaan in the 2nd quarter valued at $34,000. XTX Topco Ltd bought a new stake in Canaan during the 2nd quarter worth approximately $79,000. Virtu Financial LLC lifted its stake in Canaan by 35.2% in the third quarter. Virtu Financial LLC now owns 103,394 shares of the company’s stock valued at $104,000 after buying an additional 26,920 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Canaan by 38.6% in the third quarter. Farther Finance Advisors LLC now owns 109,409 shares of the company’s stock valued at $111,000 after buying an additional 30,447 shares during the period. Finally, Impact Partnership Wealth LLC raised its holdings in shares of Canaan by 271.1% during the second quarter. Impact Partnership Wealth LLC now owns 125,990 shares of the company’s stock worth $126,000 after acquiring an additional 92,038 shares during the period. 70.14% of the stock is currently owned by institutional investors and hedge funds.

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.