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Canaan Inc(CAN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CAN
10/30/2026: CAN (1-star) is currently NOT-A-BUY. Pass it for now.
Canaan Inc is a semiconductor company primarily focused on designing high-performance hardware for Bitcoin mining. The stock serves as a high-beta play on cryptocurrency market cycles, with its value driven largely by the price of Bitcoin and the hash rate of the global mining industry. While the company has a long history and technical expertise in ASIC development, it faces significant risks from intense competition and inherent sector volatility. It may best suit momentum-oriented investors who can manage significant price swings and monitor key developments in Bitcoin pricing and manufacturing efficiency. The company is currently focused on diversifying its revenue through direct mining and emerging AI chip applications.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Offers exposure to high-growth crypto and AI sectors but with extreme cyclicality. |
| Momentum investor | Strong fit while signal remains positive | Highly sensitive to Bitcoin price surges, making it attractive during bullish market phases. |
| Value investor | Weak fit | Earnings volatility and sector-specific risks make traditional valuation metrics difficult to apply. |
| Dividend investor | Weak fit | The company does not pay dividends and prioritizes reinvestment. |
| Low-risk investor | Weak fit | High beta and regulatory exposure make this unsuitable for risk-averse portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is intrinsically linked to the volatile price of Bitcoin. |
| Valuation risk | Medium / high | Rapid changes in mining profitability make standard P/E valuation metrics unreliable. |
| Competition risk (Crypto/AI hardware) | High | Face competition from better-capitalized players like Bitmain and established semiconductor giants. |
| Business quality | Medium | The business model relies on cyclical demand for specialized hardware. |
| Dividend income | Low / none | No dividend payments are provided. |
| Execution risk | Medium | Success depends on consistent R&D breakthroughs in chip manufacturing. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -7.92% | Avg. Invested days 14 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/30/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 146.75M USD | Price to earnings Ratio - | 1Y Target Price 1.39 |
Price to earnings Ratio - | 1Y Target Price 1.39 | ||
Volume (30-day avg) 8.0M shares | Beta 2.64 | 52 Weeks Range 0.15 - 1.39 | Updated Date 11/01/2026 |
52 Weeks Range 0.15 - 1.39 | Updated Date 11/01/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.45 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Mining Hardware Sales | Sale of AvalonMiner units to global mining operators. | The primary revenue driver, but highly dependent on the current cycle of Bitcoin prices. |
| Mining Operations | Direct ownership and operation of mining rigs. | Provides recurring revenue and exposure to Bitcoin price appreciation. |
| AI Products | Kendryte series AI chips. | A long-term diversification strategy that leverages their existing chip design expertise. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 2.51 | Enterprise Value 138.57M | Price to Sales(TTM) 0.33 |
Enterprise Value 138.57M | Price to Sales(TTM) 0.33 | ||
Enterprise Value to Revenue 0.31 | Enterprise Value to EBITDA 0.6 | Shares Outstanding 711.13M | Shares Floating 588.10M |
Shares Outstanding 711.13M | Shares Floating 588.10M | ||
Percent Insiders 9.3 | Percent Institutions 20.29 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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