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

Canaan Inc. (NASDAQ:CAN) – B. Riley upped their FY2026 earnings per share estimates for shares of Canaan in a research report issued to clients and investors on Wednesday, February 12th. B. Riley analyst N. Giles now forecasts that the company will post earnings per share of $0.61 for the year, up from their previous estimate of $0.51. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share.

Other equities research analysts have also issued reports about the stock. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Canaan in a research note on Wednesday, January 22nd. Rosenblatt Securities increased their price objective on Canaan from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Canaan Stock Down 2.0 %

CAN stock opened at $1.75 on Thursday. The company’s 50 day moving average is $2.19 and its two-hundred day moving average is $1.52. Canaan has a twelve month low of $0.72 and a twelve month high of $3.27. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.08. The stock has a market cap of $491.36 million, a P/E ratio of -1.29 and a beta of 3.26.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in Canaan by 12.9% in the 4th quarter. Van ECK Associates Corp now owns 10,368,217 shares of the company’s stock valued at $21,255,000 after acquiring an additional 1,187,796 shares during the last quarter. State Street Corp grew its position in shares of Canaan by 0.3% in the third quarter. State Street Corp now owns 9,111,069 shares of the company’s stock valued at $9,202,000 after purchasing an additional 23,759 shares during the period. Vanguard Group Inc. increased its stake in Canaan by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 8,760,909 shares of the company’s stock valued at $17,960,000 after purchasing an additional 223,241 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Canaan during the fourth quarter worth about $2,807,000. Finally, Baader Bank Aktiengesellschaft boosted its stake in Canaan by 287.0% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,305,724 shares of the company’s stock worth $2,677,000 after buying an additional 968,347 shares during the last quarter. 70.14% of the stock is owned by hedge funds and other institutional investors.

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.