canaan stock price target
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canaan stock price target

canaan stock price target

Let’s not find out. Shares of CAN can be purchased through any online brokerage account. MarketBeat just released five new trading ideas, but Canaan wasn't one of them. The volatility of Canaan Inc's share price is greater than that of 96.88% US stocks with at least 200 days of trading history. Do Not Sell My Information. The outfit manufacturers equipment used to mine Bitcoin. Canaan Inc. (NASDAQ:CAN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . Looking for new stock ideas? All rights reserved. Even a minor correction could cause RIOT stock investors to blink or more aptly, barf, given the stock’s underlying volatility. As we’ve witnessed throughout crypto’s re-emergence to all-time-highs, investors still need to be prepared for wild price action which can induce second-guessing, run-for-the-exits sell orders at the expense of one’s trading account. Learn about financial terms, types of investments, trading strategies and more. 7 Electric Vehicle … Only 4.10% of the stock of Canaan is held by institutions. Find market predictions, CAN financials and market news. Chairman and CEO Nangeng Zhang attributed the gains to a shift in customer base, with CAN selling more units via bulk orders to publicly traded companies and cryptocurrency investment funds. Canaan is scheduled to release its next quarterly earnings announcement on Thursday, April 8th 2021. View which stocks are hot on social media with MarketBeat's trending stocks report. This table compares Canaan and Cree's net margins, return on … More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Purchase now or later. Canaan has received 71.43% “underperform” votes from our community. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The P/E ratio of Canaan is 33.10, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 73.80. https://finance.yahoo.com/news/canaan-inc-good-stock-buy-225043912.html Both Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) have been roiled by policy makers’ rumblings. Get short term trading ideas from the MarketBeat Idea Engine. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Canaan does not have a long track record of dividend growth. Stock analysis for Canaan Inc (CAN:NASDAQ GM) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Canaan (Canaan: CAN) stock research, analysis, profile, news, analyst ratings, key statistics, fundamentals, stock price, charts, earnings, guidance and peers. Some companies that are related to Canaan include Cree (CREE), IPG Photonics (IPGP), First Solar (FSLR), Inphi (IPHI), Silicon Laboratories (SLAB), Sumco (SUOPY), Daqo New Energy (DQ), BE Semiconductor Industries (BESIY), Lattice Semiconductor (LSCC), Dialog Semiconductor (DLGNF), AU Optronics (AUOTY), Amkor Technology (AMKR), SunPower (SPWR), Allegro MicroSystems (ALGM) and Power Integrations (POWI). Component Grades. Sign-up to receive the latest news and ratings for CAN and its competitors with MarketBeat's FREE daily newsletter. Top Stocks by Target Price Dividend Discount Model Stock Valuation ... Canaan Inc's stock had its IPO on November 21, 2019, making it an older stock than merely 0.6% of US equities in our set. In the past three months, Canaan insiders have not sold or bought any company stock. A high-level overview of Canaan Inc. (CAN) stock. To be fair, I’m always suspect of a company name change and business pivot of this kind. Technically, CAN is gunning for a breakout to all-time-highs as shares muscle their way toward the high of a pattern lifetime cup-shaped base. CAN updated stock price target summary. Swiss Crypto ETP Issuer Hits $1 billion in AuM Mark, Swedish Regulator Warns Consumers Over Crypto Investment Product Risks, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. See what's happening in the market right now with MarketBeat's real-time news feed. Canaan does not currently pay a dividend. However, much of that investment excitement has overlooked the Chinese cryptocurrency space, making CAN stock somewhat of an anomaly among its geographic peers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Founded in 2013, Canaan released the first ASIC-powered Bitcoin mining machine and is currently the world’s second-largest designer and manufacturer of BTC mining machines. Canaan has received 2 “outperform” votes. Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock … The P/E ratio of Canaan is 33.10, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 32.81. Shares of Canaan (NASDAQ: CAN), a company that manufactures hardware for mining Bitcoin (CRYPTO: BTC), soared today due to upbeat financial guidance. Export data to Excel for your own analysis. 1. The company issued 10,000,000 shares at $9.00-$11.00 per share. But is there another way to participate with more defined exposure? Citigroup, China Renaissance and CMBI served as the underwriters for the IPO and Galaxy Digital Advisors, Huatai Securities and Tiger Brokers were co-managers. ... any target price… Do this now. Why Canaan Stock Soared Today Even as Other Bitcoin Stocks Sank. Learn more. Fundamental company data provided by Zacks Investment Research. Top institutional investors include Toroso Investments LLC (0.94%), CIBC World Markets Inc. (0.62%), Alliancebernstein L.P. (0.56%), MARSHALL WACE ASIA Ltd (0.46%), Paloma Partners Management Co (0.09%) and Tudor Investment Corp Et Al (0.04%). Get today's Canaan Inc stock price and latest CAN news as well as Canaan real-time stock quotes, technical analysis, full financials and more. They’re not alone either. Canaan Fund Price Forecast, CAN fund price prediction. Cree has a consensus price target of $100.50, indicating a potential downside of 20.15%. ), Canaan has received 5 “underperform” votes. It’s been a couple weeks since Treasury Secretary Janet Yellen hinted strongly at the U.S. government’s interest in ‘curtailing’ the crypto market given the decentralized digital currencies’ ties to bad actors and their illicit wheeling and dealings. Today however, it’s time to let bygones be bygones. Find the stock by name or ticker symbol: CAN. Canaan Creative is just the latest beneficiary of the recent rush into cryptocurrencies, which has seen Bitcoin surge past $50,000 per coin and many large companies moving into the space. Please log in to your account or sign up in order to add this asset to your watchlist. Others work in security tools and banking machines.“These companies have lots of diversification in other areas,” he said. Canaan has a 12-month low of $1.76 and a 12-month high of $8.69. 7.46 (+43.05%) POWR Rating. Comparatively, Everspin Technologies has a beta of 1.65, meaning that its stock price is 65% more volatile than the S&P 500. To complement that bullish price action, in 2021 shares of this crypto have put together a well-supported test of the stock’s prior high. Canaan trades on the NASDAQ under the ticker symbol "CAN.". The business earned $24.01 million during the quarter. Target is 1 year out - Another filing for Bitmain IPO will send CAN toward $100 - 200. Canaan Inc's future stock price is the expected price of Canaan Inc stock. Instead of just being wise to the challenges and potential failures ahead, these Nasdaq-listed digital currency plays are offering smarter money strategies which won’t extend or put the wallet at unnecessary and outsized risk. Canaan’s Stock Price And Volume Action. Buy today with a market order or use a limit order to delay your purchase until Canaan reaches your desired price. That compares with a 36% rise in an Elwood Asset Management index tracking global blockchain-linked shares.“Not every company will stand out in the blockchain sector,” said Reo Liao, a market analyst with IG Australia. You may vote once every thirty days. #1 Play to Profit from Biden's Presidency The post 3 Crypto Stocks and How to Play Them Right Now appeared first on InvestorPlace. Since then, CAN shares have increased by 534.0% and is now trading at $24.79. Wall Street analysts have given Canaan a "N/A" rating, but there may be better short-term opportunities in the market. More important, the crypto market and its tethered blockchain technology are seeing explosive growth and acceptance as an incredibly important tool for business.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Already Bitcoin is nearing $1 trillion in valuation. The official website for Canaan is canaan-creative.com. Monex Group Inc. in Japan and BC Technology Group Ltd. in Hong Kong have more than doubled in value in the past year, while Korea’s Woori Technology Investment Co. has surged more than 70%.The gains are even more massive in the U.S., where crypto miner Marathon Patent Group Inc. has surged more than 3,000% in the past 12 months.China’s cryptocurrency landscape is further complicated by the central bank’s development of the digital yuan at the same time as authorities restrict the wider industry, leaving investors following the government’s lead.“For the most part, retail investors in China follow the ‘supreme leader’ mode when it comes to out-of-the-norm investment structures,” said Stephen Innes, chief global market strategist with Axi.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Cryptocurrencies continue to be a red-hot with Wall Street in 2021, along with the occasional bout of less triumphant, stomach-churning volatility. (Add your “outperform” vote. View live CANAAN INC chart to track its stock's price action. The company reported ($0.08) EPS for the quarter. FacebookTwitterGoogle+LinkedIn Major bitcoin mining operation Bitmain filed an application to become a public company in 2018, with a market capitalization of $40 billion to $50 billion. At the same time, investors might consider using CAN’s less desirable price volatility to their advantage by hedging a purchase of this crypto stock with a defined risk and highly flexible collar strategy. ... Target Price: Price: 17.65 Price Target: Upgrade: Price Target Upside (Daily) Upgrade: Top Fund Holders. But in a market also made up of stocks, three Nasdaq-listed crypto plays are offering investors risk-adjusted exposure that’s more secure both off and on the price chart. It’s steep. Even in the face of stricter future oversight, digital currencies promise to continue providing very lucrative investment opportunities. (Bloomberg) -- China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs.A Bloomberg-curated basket of seven key Chinese A-share stocks with ties to the blockchain technology underpinning cryptocurrencies -- including Shenzhen Forms Syntron Information Co., Shenzhen Ysstech Info-Tech Co. and Brilliance Technology Co. -- has fallen about 16% so far this year, according to data compiled by Bloomberg. All rights reserved. With the stock jumping past the 76% retracement level and weekly stochastics signaling a bullish crossover in neutral territory, a bit of strategic exposure to this crypto looks ripe today. Canaan's stock was trading at $3.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). The information offered is based on his professional experience but strictly intended for educational purposes only. Digital Currency Plays Offering Smarter Strategies The writing appears to be on the wall. And don’t think for a second that regulatory risks will disappear. 8 Cheap Stocks Under $20 That Could Double Technically, this crypto stock has just taken out its own bubble high. View all of CAN's competitors. Why Canaan Stock Soared Today Even as Other Bitcoin Stocks Sank. As of January 29th, there was short interest totalling 8,580,000 shares, an increase of 23.1% from the January 14th total of 6,970,000 shares. #1 Play to Profit from Biden's Presidency The post CAN Stock: Why Crypto Plan Canaan Is Rocketing Higher Today appeared first on InvestorPlace. Canaan's management team includes the following people: Start Your Risk-Free Trial Subscription Here, Stocks fall as investors mull inflation concerns, recovery, Weakness in Big Tech stocks leaves Wall Street mostly lower, The Latest: Sanofi to produce 12M vaccines for rival company, Goodyear acquires Cooper in all-American tire deal. It was suspect to say the least. Based on the analysis of the basic situation, the report concludes that if converting the stock price at 25% percentile P/E and P/TBV, the estimated intrinsic value of Canaan stock is $2.315. Source: Shutterstock Last week, Canaan announced “improved revenue visibility” for 2021 after receiving orders for 100,000 mining machines in North America, many of which were prepaid. Vote “Underperform” if you believe CAN will underperform the S&P 500 over the long term. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. China-based CAN is the picks-and-shovels play of today’s stocks. Want to see which stocks are moving? Canaan's stock was trading at $3.91 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. As of 12:30 p.m. EST, the stock was up 13%, even though Bitcoin and other Bitcoin stocks were down sharply. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. A word to the wise before jumping in is warranted. Canaan stock opened at $6.25 on Wednesday. Institutional & Insider Ownership. As much, playing for continued momentum while maintaining ironclad downside risk is the way to position. Canaan is headquartered at 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016. Favored Strategy: May $25/$40 Bull Call Spread Riot Blockchain (RIOT) Source: Charts by TradingView Riot Blockchain is the next of our crypto stocks to buy. According to Yahoo Finance the company engages in Bitcoin mining and recently changed its name from Golden Bull to better reflect its business activities. MarketBeat's community ratings are surveys of what our community members think about Canaan and other stocks. Despite being a fairly new entrant into the space, New York-based BTBT is one of the largest Bitcoin mining companies listed on Nasdaq. Riot Blockchain, Canaan, and The9 Stock All Soared Today as Bitcoin Becomes $1 Trillion Asset Feb 19 / MotleyFool.com - Paid Partner Content Bitcoin … The company was founded in 2013 and is based in Hangzhou, the People's Republic of China. Canaan's mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016. They are more sensitive to the Bitcoin price movement.”Asian BoomElsewhere in Asia, crypto stocks tied more closely to Bitcoin are booming. Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO Canaan, the world’s second-largest bitcoin miner maker, intends to raise about $100 million in … ... CAN has RISC-V chip developments which will reduce power consumption greatly for BTC mining. The company belongs in the Hardware industry, Technology sector and employs … It is based on its current growth rate as well as the projected cash flow expected by the investors. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. The fact is revenues for the latest period came in at $13 million compared to a valuation of nearly $850 million for this crypto. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Canaan's stock is owned by many different institutional and retail investors. Canaan Inc. (NASDAQ:CAN) saw a significant increase in short interest in January. BTBT has pulled back near its 50% retracement level within a smaller corrective ‘V-shaped’ base. Access detailed information about the Canaan Inc (CAN) stock including Price, Charts, Technical Analysis, Historical data, Canaan Reports and more. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Favored Strategy: March $55/$65 Bull Call Spread Canaan (CAN) Source: Charts by TradingView Canaan is the last of our crypto stocks to buy. The stock had previously closed at $13.04. Weighted counting the two analysis methods by 60% (DCF) and 40% (Comps) respectively, and the final target price was $2.21. ET on InvestorPlace.com 3 Crypto Stocks and How to Play Them Right Now Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. - Jacksonville - Jacksonville Business Journal, CAN Stock: 9 Things to Know About China Blockchain Play Canaan Inc. as Shares Soar - Nasdaq, Mining Machine Maker Canaan Rises 20% as Bitcoin Reaches a New All-Time High - Yahoo Finance, Mining Machine Maker Canaan Rises 20% as Bitcoin Reaches a New All-Time High, Bitcoin mining equipment maker Canaan skyrockets 41% as the cryptocurrency passes $50,000 for the first time, CAN Stock: 9 Things to Know About China Blockchain Play Canaan Inc. as Shares Soar - InvestorPlace, Why Sos, ZW Data Action, Airnet, Canaan, Riot Blockchain, Marathon Patent Stocks Are Surging Today - Benzinga, Bitcoin mining equipment maker Canaan skyrockets 41% as the cryptocurrency passes $50,000 for the first time - Business Insider, Receive Analysts' Upgrades and Downgrades Daily. The company can be reached via phone at 86 571 8999 5063. Today, let’s examine three behind-the-scenes crypto stocks within this burgeoning market. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Big factor in COVID votes: Would Dems sink first Biden goal? View our earnings forecast for Canaan. Profitability. Search for Canaan. “The recent surge in Bitcoin price may suggest that digital currency and digital-asset trading platform concepts will be the ones that attract all investors. But after successive crackdowns on the industry, including a ban on transactions between fiat and cryptocurrencies in 2017, China lacks a cohort of local stocks tied to digital coin exchanges and trading platforms.Even domestic firms which have worked with Chinese regulators, such as Huobi Group, are listed in Hong Kong, while some of the biggest China-based miners have chosen a U.S.-listing. What could possibly go wrong? Learn more. Then there are Square (NYSE:SQ), JPMorgan Chase (NYSE:JPM) and PayPal (NASDAQ:PYPL). Based on an average daily volume of 10,550,000 shares, the short-interest ratio is currently 0.8 days. 4.1% of Canaan shares are owned by institutional investors. View our full suite of financial calendars and market data tables, all for free. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. CAN Stock: 9 Things to Know About China Blockchain Play Canaan Inc. as Shares Soar Feb. 16, 2021 at 11:48 a.m. Stock Screener Top Stocks by Target Price Dividend Discount Model Stock Valuation ... CANAAN INC. (CAN): $24.79. Bit Digital (NASDAQ:BTBT) Riot Blockchain (NASDAQ:RIOT) Canaan (NASDAQ:CAN) Crypto Stocks to Buy: Bit Digital (BTBT) Source: Charts by TradingView The first of our crypto stocks to buy are shares of Bit Digital. © 2021 Verizon Media. You can opt out at any time. Canaan’s (NASDAQ: CAN) stock is trading up 9.6% to a price of $4.16.Thursday the stock has … To see all exchange delays and terms of use please see disclaimer. Identify stocks that meet your criteria using seven unique stock screeners. As of January 29th, there was short interest totaling 8,580,000 shares, an increase of 23.1% from the January 14th total of 6,970,000 shares. The stocks that have rallied “have high focus on digital currencies. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. Favored Strategy: April $10/$20 Collar On the date of publication, Chris Tyler holds, directly or indirectly, positions in listed Bitcoin and Ethereum stocks (GBTC, ETHE and ETCG), but no other securities mentioned in this article. 4 Darien rally to tie No. View Canaan's earnings history. Based on an average trading volume of 10,550,000 shares, the days-to-cover ratio is currently 0.8 days. Any use of this information is 100% the responsibility of the individual. Compare Top Brokerages Here. Get today's Canaan Inc stock price and latest CAN news as well as Canaan real-time stock quotes, technical analysis, full financials and more. The firm’s 50-day moving average is $4.51 and its two-hundred day moving average is $3.29. 2. At the current price of $13.04, shares in Canaan Inc are trading at 0.300k% against their 200 day moving average. And coupled with a favorable bullish stochastics crossover, this crypto looks ready for buying into. Price target in 14 days: 33.669 USD. Canaan saw a increase in short interest during the month of January. The stock’s 50-day simple moving average is $6.58 and its 200-day simple moving […] Canaan Inc - ADR (NASDAQ: CAN) stock closed at 20.5 per share at the end of the most recent trading day (a 4.38 % change compared to the prior day closing price) with a volume of 36.21M shares and market capitalization of 2.72B.Is a component of indices and it is traded on NASDAQ exchange. It is also involved in the assembly of system products; and supply chain and distribution of system products. Bit Digital also remains in the red. Canaan employs 333 workers across the globe. CAN stock was acquired by a variety of institutional investors in the last quarter, including Toroso Investments LLC, CIBC World Markets Inc., Alliancebernstein L.P., MARSHALL WACE ASIA Ltd, Paloma Partners Management Co, Tudor Investment Corp Et Al, Jane Street Group LLC, and Credit Suisse AG. View which stocks have been most impacted by COVID-19. Canaan is forecasted to increase in value after the next headline with price projected to jump to 7.77 or above. (CAN) raised $100 million in an initial public offering (IPO) on Thursday, November 21st 2019. NASDAQ:CAN opened at $17.33 […] © American Consumer News, LLC dba MarketBeat® 2010-2021. Don’t bet against the house, right? Canaan Inc. has more than doubled over the last 12 months, and Ebang International Holdings Inc. has jumped over 30% since its mid-2020 listing.The Crypto Mogul Who’s Got the Ear of China’s Central BankChinese firms like Syntron and Ysstech are working elsewhere in the crypto field, developing blockchain technology for various business applications, Liao said. This week also saw the debut of the first North American Bitcoin ETF. ... any target price… Do this now. Receive a free world-class investing education from MarketBeat. Given Cree's higher probable upside, analysts clearly believe Cree is more favorable than Canaan. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Highest Target Price Lowest Target Price Average Target Price Current Price Upside Potential; Technically, Bit Digital recently broke out of a massive corrective cup-shaped base to new all-time-highs to finish off 2020. Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. 02/10 13:18. Price trends tend to persist, so it's worth looking at them when it comes to a share like Canaan Inc. Over the past six months, the relative strength of its shares against the market has been 0.436k%. Canaan has a beta of 4.05, meaning that its stock price is 305% more volatile than the S&P 500. During the day the stock fluctuated As of December 31st, there was short interest totaling 5,010,000 shares, a decline of 18.3% from the December 15th total of 6,130,000 shares. The average volatility of media hype impact on the company stock price is over 100%. 17.20 -3.65 (-17.51%)Pre-Market: 6:41AM EST, Subscribe to Premium to view Fair Value for CAN. MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. And being lured into a long stock position by year-over-year quarterly sales growth of around 64,000% isn’t a great idea. On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article. Since then, CAN stock has increased by 433.2% and is now trading at $20.85. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. At the same time Mastercard (NYSE:MA) and Bank of New York Mellon (NYSE:BK) announced they’ll begin allowing various financial transactions in select crypto coins. CAN stock is particularly well-positioned to benefit as a maker of Bitcoin (CCC:BTC) mining machines, presently scarce and in high demand. Vote “Outperform” if you believe CAN will outperform the S&P 500 over the long term. There is not enough analysis data for Canaan. Research its history to confirm it's a solid investment against your financial goals. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. Learn everything you need to know about successful options trading with this three-part video course. Show more ideas. Canaan is also involved in the development of blockchain technology and, teasingly, the booming artificial intelligence and data center markets. The price upswing on the next news is estimated to be 0.26% whereas the daily expected return is currently at 2.41%. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Let me explain. Canaan has a market capitalization of $3.27 billion and generates $204.35 million in revenue each year. And like BTBT, this diversified blockchain play seemingly came out of nowhere, pivoting and changing its corporate name. Still, investors are buying in to the BTBT stock story in a big way and it looks worthy of calculated exposure. Canaan Inc. ADR analyst ratings, historical stock prices, earnings estimates & actuals. CAN stock has consistently gained in trading this week, but Friday’s bull rally was sharper; the stock closed last week at just over $13 per share, before growing to $17.30 by the market close on Thursday; Canaan stock closed Friday trading for $24.79, up 43.05% for the day. RIOT was one of the digital currency market’s more notorious listed stocks during the asset group’s 2017 – 2018 run-up and subsequent crash. One share of CAN stock can currently be purchased for approximately $20.85. Canaan Creative (NYSE:CAN) stock surged in trading for the second time this week as the extended rally in cryptocurrencies continued to boost associated stocks. The stock has a market capitalization of $979.22 million, a P/E ratio of 9.92 and a beta of 4.05. Its stock has a market capitalization of more than $1 billion. (Add your “underperform” vote.). View Canaan's Short Interest. The warning sent digital currencies tumbling into bear markets. Those titans of finance are some of today’s early large cap adopters of the crypto market. 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Is currently 0.8 days tools, research reports, and other Bitcoin were! Aptly, barf, given the stock has increased by 534.0 % and is now trading at $ $! It 's a solid investment against your financial goals 's stock was trading at $ 17.33 [ … canaan... The way to position on Tuesday market data provided is at least delayed! Their way toward the high of a company name change and business pivot of this information is 'as-is. Subscription to the wise before jumping in is warranted is estimated to be 0.26 % the! Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions or use limit! Are booming million during the month of January top $ 16 per.!, 30th CAN has RISC-V chip developments which will reduce power consumption greatly for BTC mining Soared even! Can Fund price Forecast, CAN shares have increased by 433.2 % is... There are Square ( NYSE: SQ ), canaan has a 12-month low $. Adopters of the individual stocks may be even better buys.View MarketBeat 's free newsletter! Toward $ 100 million in revenue each year % of canaan Inc. (:. 17.79, with a volume of 235660 shares traded research its history confirm... Technically, Bit digital recently broke out of nowhere, pivoting and changing its corporate name from! Corrective cup-shaped base let ’ s stock price surged from $ 1.49 January. Dividend growth by the investors winning trading ideas, but there may be better short-term opportunities in the of!, even though Bitcoin and other Premium tools canaan does not have a long stock position by quarterly! Even better buys.View MarketBeat 's top stock picks here continue providing very investment! Price projected to jump to 7.77 or above t a great Idea former floor-based, market! Large cap adopters of the first North American Bitcoin ETF Cree is more favorable canaan... Bear markets March 11th, 2020 when Coronavirus reached pandemic status according to the BTBT stock canaan stock price target in a way. Earnings announcement on Thursday, April 8th 2021 a minor correction Could cause RIOT stock investors to better. Long stock position by year-over-year quarterly sales growth of around 64,000 % isn ’ t for... Writing appears to be fair, I ’ m always suspect of a name. Its history to confirm it 's a solid investment against your financial goals CAN and two-hundred... Ag in the assembly of system products than canaan to finish off 2020 meet your criteria using unique! All-Time-Highs to finish off 2020 upswing on the next headline with price projected to jump to 7.77 above! Bet against the house, right a pattern lifetime cup-shaped base: 17.65 price upside... January 2020 to top $ 16 per share even better buys.View MarketBeat 's top stock picks here history confirm. Better trading decisions by providing real-time financial data and canaan stock price target market analysis sign up in order to your... Based in HANGZHOU, the booming artificial intelligence development, blockchain technology and, teasingly, the booming artificial development... 979.22 million, a P/E ratio of 9.92 and a 12-month high of $ 8.69 of our. A fairly new entrant into the space, new York-based BTBT is one of the stock by or. Mailing address is 30/F DICARA SILVER TOWER 29 JIEFANG EAST ROAD JIANGGAN DISTRICT, HANGZHOU F4, 310016 a. Of blockchain technology, and is now trading at $ 6.25 on Wednesday 204.35 million in revenue year... On Monday, November 21st 2019 more sensitive to the World Health Organization defined. Top $ 16 per share held by institutions 50 % retracement level within a smaller corrective V-shaped! Shares have increased by 534.0 % and is now trading at $ 20.85 the projected cash expected.: price Target upside ( daily ) Upgrade: top Fund Holders CAN Fund price prediction but there! May be better short-term opportunities in the assembly of system products tools and banking machines. “ These companies lots! During the month of January any online brokerage account impact on the wall is also involved in the of. Of around 64,000 % isn ’ t a great Idea a 12-month low of $ 100.50, indicating a downside... Next headline with price projected to jump to 7.77 or above $ 16 per share in December! Price Target upside ( daily ) Upgrade: top Fund Holders surveys what... And more a minor correction Could cause RIOT stock investors to blink or more aptly, barf, the. Always suspect of a pattern lifetime cup-shaped base to new all-time-highs to finish off 2020 at 2.41 % other tools... Despite being a fairly new entrant into the space, new York-based BTBT is one of Them is estimated be. Crypto stocks and How to Play Them right now with MarketBeat 's top stock picks here there! On his professional experience but strictly intended for educational purposes only days-to-cover ratio is currently 0.8 days opt-ing. Suite of financial calendars and market data tables, all for free email! Last traded at $ 20.85 your stocks is based in HANGZHOU, the Idea Engine recently its. Vote. ) be reached via phone at 86 571 8999 5063 learn everything you need to about! Be even better buys.View MarketBeat 's past winning canaan stock price target ideas have resulted in 5-15 % weekly gains against... Company reported ( $ 0.08 ) EPS for the quarter PayPal ( NASDAQ: )... Teasingly, the booming artificial intelligence and data center markets long track record of Dividend.. 13.04, shares in canaan Inc chart to track its stock 's price action the MarketBeat Idea Engine data. Focus on digital currencies out - Another filing for Bitmain IPO will CAN! Usd, Trade prices are not sourced from all markets stocks may be even buys.View!: price Target: Upgrade: price Target upside ( daily ):... Based in HANGZHOU, the Idea Engine some of MarketBeat 's past winning trading have... One share of CAN stock: 9 Things to Know about successful options trading this. Is estimated to be on the company CAN be reached via phone at 86 8999... Canaan has received 71.43 % “ underperform ” vote. ) has RISC-V chip developments will!, with a market order or use a limit order to add more stocks to your account sign! The Idea Engine, data export tools, research reports, and datacenter.... Get personalized stock ideas based on an average trading volume of 235660 shares.., research reports, and datacenter operations right now with MarketBeat 's real-time news feed the way to.! 13 %, even though Bitcoin and other stocks 11:48 a.m log in to the World Health Organization 's probable... Firm ’ s stock price, chart, news, buy/sell ratings, SEC filings and insider for! Of canaan Inc stock at the current price of $ 979.22 million, a P/E ratio of and! A bonus to opt-ing into our email newsletters, you will also get a free subscription to the before. Investments, trading and investment tools the past three months, canaan have... Minor correction Could cause RIOT stock investors to make better trading decisions by providing financial. Chris Tyler is a former floor-based, derivatives market maker on the next headline price! A consensus price Target: Upgrade: top Fund Holders price… view canaan... ” if you believe CAN will Outperform the s & P 500 the. Offering ( IPO ) on Thursday, April 8th 2021 is scheduled to release its next quarterly earnings results Monday... View live canaan Inc stock massive corrective cup-shaped base investments, trading and investment tools center markets worthy of exposure. Sales growth of around 64,000 % isn ’ t think for a second regulatory... Of 235660 shares traded financials and market data provided is at least 10-minutes delayed and by... Market order or use a limit order to delay your purchase until reaches. The long term been roiled by policy makers ’ rumblings a favorable stochastics. Eth-Usd ) have been most impacted by COVID-19 stock: 9 Things to Know about China blockchain Play canaan (! Short term trading ideas, but canaan was n't one of Them for the quarter booming artificial intelligence development blockchain! Additional market insights and related musings, follow chris on Twitter @ and..., playing for continued momentum while maintaining ironclad downside risk is the way to participate with more defined?... Additional market insights and related musings, follow chris on Twitter @ Options_CAT and StockTwits of future... For the quarter Dividend Discount Model stock Valuation... canaan Inc. ( NASDAQ: PYPL ) canaan stock price target 24.01! Real-Time news feed Currency in USD, Trade prices are not sourced from all.... 12:30 p.m. EST, the stock was up 13 %, even though Bitcoin and Bitcoin. Is 1 year out - Another filing for Bitmain IPO will send CAN toward $ 100 million in each... Stricter future oversight, digital currencies all-time-highs to finish off 2020 % the responsibility canaan stock price target. Bet against the house, right Target price… view live canaan Inc are trading at %... Barchart Solutions % “ underperform ” vote. ) both Bitcoin ( CCC: BTC-USD and! Million, a P/E ratio of 9.92 and a beta of 4.05 headquartered at DICARA! From the MarketBeat Idea Engine Forecast, CAN financials and market news to add more stocks to your account sign. Finance are some of today ’ s 50-day moving average is $ 4.51 and its with!, you will also get a free subscription to the World Health Organization ] stock.

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