CAN

Canaan Creative
CAN

$1.03
8.56%
 

About: Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts.

Employees: 541

0
Funds holding %
of 6,702 funds
Analysts bullish %
0
News positive %
of 22 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

143% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 14

114% more call options, than puts

Call options by funds: $4.02M | Put options by funds: $1.88M

1% more funds holding

Funds holding: 80 [Q4 2023] → 81 (+1) [Q1 2024]

6% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 18

0.21% less ownership

Funds ownership: 1.77% [Q4 2023] → 1.56% (-0.21%) [Q1 2024]

18% less capital invested

Capital invested by funds: $103M [Q4 2023] → $83.8M (-$18.8M) [Q1 2024]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 0 (-1) [Q1 2024]

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target
$3
191%
upside
Avg. target
$3
191%
upside
High target
$3
191%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
HC Wainwright & Co.
Kevin Dede
191%upside
$3
Buy
Reiterated
20 May 2024

Financial journalist opinion

Based on 22 articles about CAN published over the past 30 days