<div id="readability-page-1"><p>Canaan (NASDAQ:CAN - Get Free Report) is expected to be posting its results before the market opens on Tuesday, February 10th. Analysts expect Canaan to post earnings of ($0.06) per share and revenue of $25.3040 million for the quarter.</p><ul><li>These 5 Penny Stocks Just Surged Double Digits</li></ul><p>Canaan (NASDAQ:CAN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 18th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Canaan had a negative net margin of 51.66% and a negative return on equity of 71.85%. The firm had revenue of $21.17 million for the quarter, compared to the consensus estimate of $18.26 million. During the same period last year, the firm posted ($0.01) EPS.  On average, analysts expect Canaan to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year. </p><h2>Canaan Stock Down 13.1%</h2><p>NASDAQ CAN traded down $0.08 on Thursday, hitting $0.50. The stock had a trading volume of 25,530,107 shares, compared to its average volume of 19,547,174. The company's 50-day moving average is $0.80 and its two-hundred day moving average is $0.93. Canaan has a one year low of $0.50 and a one year high of $2.22. The stock has a market cap of $186.93 million, a price-to-earnings ratio of -0.74 and a beta of 2.85. </p><ul><li>Crypto Miners Strike Gold in AI: Stocks to Watch </li></ul><p>Canaan declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 17th that allows the company to buyback $0.00 in    shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock  buyback programs are typically an indication that the company's management believes its stock is undervalued. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several research firms recently commented on CAN. B. Riley lowered their target price on Canaan from $3.00 to $2.50 and set a &#34;buy&#34; rating on the stock in a research report on Friday, November 21st. BTIG Research  reissued a &#34;buy&#34; rating on shares of Canaan in a report on Friday, January 16th. Wall Street Zen downgraded shares of Canaan from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a report on Saturday, January 17th. Weiss Ratings  reissued a &#34;sell (d-)&#34; rating on shares of Canaan in a research note on Wednesday, January 21st. Finally, Benchmark boosted their price target on shares of Canaan from $2.00 to $4.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating, two have assigned  a Hold rating and one  has issued  a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $2.96.</p><ul><li>These Bitcoin Stocks Have the Most Upside</li></ul><p><b>Get Our Latest Analysis on Canaan</b></p><h2>Institutional Investors Weigh In On Canaan</h2><p>A hedge fund recently raised its stake in Canaan stock. Goldman Sachs Group Inc. raised its holdings in  Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) by 52.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 587,451 shares of the company's stock after acquiring an additional 200,869 shares during the quarter. Goldman Sachs Group Inc. owned 0.21% of Canaan worth $516,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own  70.14% of the company's stock. </p><h2>About Canaan</h2> (Get Free Report)<p>Canaan Inc is a China-based technology company specializing in the design and manufacture of high-performance computing hardware for the digital currency and blockchain industry. The company's core business revolves around application-specific integrated circuit (ASIC) miners, which are purpose-built machines optimized for cryptocurrency mining. By focusing on energy efficiency and processing power, Canaan's mining rigs aim to deliver competitive hash rates while managing power consumption in large-scale operations.  </p><p>The flagship product line, known as AvalonMiner, encompasses a range of models tailored to different scales of mining activity, from small-scale hobbyist setups to industrial farms.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Canaan</li><li>The day the gold market broke</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>Your Bank Account Is No Longer Safe</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FO?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FO"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Canaan Right Now?</h2><p>Before you consider Canaan, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canaan wasn't on the list.</p><p>While Canaan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Canaan (NASDAQ:CAN) is set to announce its earnings on February 10, with analysts predicting a loss of $0.06 per share and revenue of $25.30 million. The company previously reported a loss of $0.05 per share, exceeding estimates. Canaan's stock has seen a decline of 13.1%, trading at $0.50, with a market cap of $186.93 million. Recent analyst ratings show a mix of buy and sell recommendations, with a consensus price target of $2.96. Goldman Sachs increased its stake in Canaan by 52%, reflecting institutional interest in the company, which specializes in cryptocurrency mining hardware.</p>

Canaan (CAN) Expected to Announce Earnings on Tuesday