Canaan CreativeCAN
Market Cap: 303M
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
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
1 analyst rating
HC Wainwright & Co. Kevin Dede | 183%upside $3 | Buy Reiterated | 20 May 2024 |
Financial journalist opinion
Based on 25 articles about CAN published over the past 30 days