Two Sigma Advisers Reduces $1M in Canaan Inc. ($CAN)

Written by Opentrades · Published

Key Points

  • Two Sigma Advisers changed its Canaan Inc. ($CAN) stake by 100.0% last quarter, cutting to 0 shares.
  • $CAN last traded around $0.33.

Two Sigma Advisers reduced its position in Canaan Inc. ($CAN), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Canaan Inc. after selling 3,312,100 shares during the quarter.

Canaan Inc. ($CAN) Stock

Last price$0.33
Market cap$238.56M
Forward P/E-1.42
Beta2.54
52-week low$0.31
52-week high$2.22
50-day MA$0.46
200-day MA$0.76
Current ratio3.34
Quick ratio1.15
Debt-to-equity0.15

Canaan Inc. Earnings

EPS (ttm)$-0.31
Revenue (ttm)$509.65M
Revenue growth-24.3%
Net margin-41.7%
Return on equity-67.9%
Next earningsMay 19, 2026

Analysts Set New Price Targets

Average target$1.69
High target$3.00
Low target$0.90
Analysts covering7

About Canaan Inc.

Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Ireland, Georgia, Brazil, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.

ExchangeNasdaqGM
SectorTechnology
IndustryComputer Hardware
HeadquartersSingapore, Singapore
CEOMr. Nangeng Zhang
Employees399
Websitehttps://investor.canaan-creative.com

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