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Canaan (CAN)

(Delayed Data from NSDQ)

$0.99 USD

0.99
11,225,205

+0.04 (4.24%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $0.99 0.00 (-0.14%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value F Growth A Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 35% (87 out of 252)

Industry: Computer - Software

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Better trading starts here.

Balance Sheet

Research for CAN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Canaan Inc Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 96 103 429 70 -99,999
Receivables 3 0 0 1 NA
Notes Receivable 0 0 0 0 NA
Inventories 142 214 127 35 NA
Other Current Assets 122 245 271 48 NA
Total Current Assets 364 561 828 154 NA
Net Property & Equipment 29 87 29 2 NA
Investments & Advances 3 3 6 0 NA
Other Non-Current Assets 0 0 0 0 NA
Deferred Charges 67 22 16 0 NA
Intangibles 0 0 0 0 NA
Deposits & Other Assets 29 15 0 0 NA
Total Assets 493 692 884 159 NA
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 2 NA
Accounts Payable 6 17 23 6 NA
Current Portion Long-Term Debt 0 0 0 5 NA
Current Portion Capital Leases 1 2 2 2 NA
Accrued Expenses 64 49 69 10 NA
Income Taxes Payable 4 7 23 0 NA
Other Current Liabilities 60 1 210 66 NA
Total Current Liabilities 135 76 327 91 NA
Mortgages 0 0 0 0 NA
Deferred Taxes/Income 0 0 0 0 NA
Convertible Debt 0 0 0 0 NA
Long-Term Debt 0 0 0 0 NA
Non-Current Capital Leases 0 1 3 1 NA
Other Non-Current Liabilities 10 1 11 1 NA
Minority Interest (Liabilities) 0 0 0 0 NA
Total Liabilities 145 78 341 93 NA
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 NA
Common Stock (Par) 0 0 0 0 NA
Capital Surplus 654 478 454 251 NA
Retained Earnings -220 177 126 -183 NA
Other Equity -29 14 -1 3 NA
Treasury Stock 57 55 36 4 NA
Total Shareholder's Equity 348 614 543 66 NA
Total Liabilities & Shareholder's Equity 493 692 884 159 NA
Total Common Equity 348 614 543 66 0
Shares Outstanding 233.50 171.50 186.90 158.10 158.10
Book Value Per Share 1.49 3.58 2.90 0.42 0.00

Fiscal Year End for Canaan Inc Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 96 41 66 72
Receivables NA 3 10 10 0
Notes Receivable NA 0 0 0 0
Inventories NA 142 217 272 310
Other Current Assets NA 122 82 83 138
Total Current Assets NA 364 349 432 521
Net Property & Equipment NA 29 34 50 69
Investments & Advances NA 3 33 32 3
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 67 44 20 22
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 29 1 2 16
Total Assets NA 493 464 538 634
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 6 19 27 27
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 1 2 2 2
Accrued Expenses NA 64 61 69 38
Income Taxes Payable NA 4 4 4 7
Other Current Liabilities NA 60 6 8 8
Total Current Liabilities NA 135 91 110 83
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 1 1
Other Non-Current Liabilities NA 9 2 2
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 145 101 112 86
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 654 530 520 508
Retained Earnings NA -220 -81 -1 110
Other Equity NA -29 -29 -36 -13
Treasury Stock NA 57 57 57 57
Total Shareholder's Equity NA 348 363 426 548
Total Liabilities & Shareholder's Equity NA 493 464 538 634
Total Common Equity 0 348 363 426 548
Shares Outstanding 233.50 233.50 170.00 170.00 168.40
Book Value Per Share 0.00 1.49 2.14 2.51 3.25