Streetbeat News

CAN

Canaan Inc.

https://canaan-creative.com

Industry

Computer Hardware

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 primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

Open

1.51

Mkt cap

452M

Volume

16M

High

1.68

P/E Ratio

-1.06

52-wk high

3.50

Low

1.43

Div yield

N/A

52-wk low

0.72

Shares of miners and crypto-linked stocks are experiencing an uptick due to a rise in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 4:01 pm

Crypto-related stocks are experiencing a decline due to a drop in Bitcoin prices, influenced by rising tensions in the Middle East, particularly reports of potential conflict involving Iran and Israel.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

Crypto-related stocks are experiencing a rise in share prices due to positive market sentiment towards Bitcoin. This is driven by net inflows to Bitcoin spot ETFs and a recent rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:40 pm

Crypto-related stocks are experiencing a rise in share prices due to Bitcoin surpassing $65,000, positive market sentiment, net inflows to Bitcoin spot ETFs, and a recent rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:49 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:46 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

B. Riley Securities has initiated coverage on Canaan (NASDAQ:CAN) with a Buy rating and set a price target of $2.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 11:26 am

Several US-listed stocks experienced significant declines in Monday's pre-market session. iTeos Therapeutics fell 13.7% after announcing interim data from a study. Upstart Holdings dropped 8.5% following a proposed convertible notes offering. Other notable decliners include Vizsla Silver, Murano Global Investments, Guardant Health, Hyliion Holdings, Instil Bio, Canaan, Solid Biosciences, Nova Ltd., and MicroStrategy.

Portfolio Pulse from Avi Kapoor

September 16, 2024 | 12:44 pm

Rosenblatt analyst Kevin Cassidy has initiated coverage on Canaan (NASDAQ:CAN) with a Buy rating and set a price target of $3.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:20 pm

HC Wainwright & Co. analyst Kevin Dede has reiterated a Buy rating on Canaan (NASDAQ:CAN) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 10:21 am

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