What is B. Riley’s Forecast for Canaan FY2025 Earnings?

Canaan Inc. Sponsored ADR (NASDAQ:CAN) – Stock analysts at B. Riley raised their FY2025 earnings per share (EPS) estimates for Canaan in a research note issued on Wednesday, October 22nd. B. Riley analyst N. Giles now expects that the company will earn ($0.36) per share for the year, up from their prior forecast of ($0.40). B. Riley has a “Buy” rating on the stock. The consensus estimate for Canaan’s current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Canaan’s Q4 2025 earnings at ($0.03) EPS and FY2026 earnings at $0.07 EPS.

A number of other research firms have also commented on CAN. Wall Street Zen lowered Canaan from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Northland Securities set a $1.75 price target on Canaan in a research report on Friday, October 3rd. Zacks Research raised Canaan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $4.00 price target on shares of Canaan in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Canaan in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.61.

Canaan Trading Up 7.4%

NASDAQ:CAN opened at $1.89 on Friday. Canaan has a 1-year low of $0.53 and a 1-year high of $3.27. The business’s 50-day moving average price is $1.04 and its two-hundred day moving average price is $0.83. The company has a current ratio of 1.78, a quick ratio of 1.32 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $704.78 million, a price-to-earnings ratio of -2.10 and a beta of 3.49.

Canaan (NASDAQ:CAN) last released its earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.10. Canaan had a negative return on equity of 92.49% and a negative net margin of 77.01%.The firm had revenue of $13.95 million for the quarter, compared to analyst estimates of $13.29 million. Canaan has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GMT Capital Corp bought a new position in Canaan in the first quarter valued at approximately $86,000. SBI Securities Co. Ltd. grew its stake in Canaan by 280.2% in the first quarter. SBI Securities Co. Ltd. now owns 153,399 shares of the company’s stock valued at $135,000 after purchasing an additional 113,049 shares in the last quarter. Virtu Financial LLC bought a new position in Canaan in the first quarter valued at approximately $320,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Canaan in the second quarter valued at approximately $355,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Canaan by 52.0% in the first quarter. Goldman Sachs Group Inc. now owns 587,451 shares of the company’s stock valued at $516,000 after buying an additional 200,869 shares during the last quarter. 70.14% of the stock is currently owned by institutional investors.

About Canaan

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 in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.