Canaan Financials

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Canaan Stock Summary

Canaan competes with 3D Systems, NetApp, Rigetti Computing, Logitech International, and Stratasys. Canaan Inc. engages in the research, design, and sale of integrated circuit final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the Peoples Republic of China. Canaan Inc. was founded in 2013 and is based in Beijing, the Peoples Republic of China. Canaan Inc operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 346 people.

Canaan Key Financial Ratios

Canaan Key Balance Sheet Accounts

Canaan Key Income Statement Accounts

Canaan Key Cash Accounts

Canaan Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Canaan's current stock value. Our valuation model uses many indicators to compare Canaan value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canaan competition to find correlations between indicators driving Canaan's intrinsic value. More Info.Canaan Inc is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Canaan's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Canaan's earnings, one of the primary drivers of an investment's value.

Canaan Inc Systematic Risk

Today, most investors in Canaan Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canaan's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Canaan growth as a starting point in their analysis.

Along with financial statement analysis, the daily predictive indicators of Canaan help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canaan Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canaan Inc based on widely used predictive technical indicators. In general, we focus on analyzing Canaan Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canaan's daily price indicators and compare them against related drivers.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canaan. If investors know Canaan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canaan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.