D
Canaan Inc. CAN
$1.05 -$0.04-3.67%
Recommendation
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Volume
Avg Vol (90D)
Market Cap
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52-Week Range
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D
Sell 10/24/2024Upgraded
Canaan Inc. (CAN) was upgraded to D- from E+ on 10/24/2024 due to a large increase in the growth index, solvency index and volatility index. Earnings per share increased from -$18.5775 to -$2.289, and EBIT increased 70.98% from -$157.81M to -$45.8M.
E
Sell 8/16/2024Downgrade
Canaan Inc. (CAN) was downgraded to E+ from D on 8/16/2024 due to a significant decline in the solvency index, efficiency index and total return index. Net income declined 749.26% from -$26.3M to -$223.38M, and total capital declined 18.42% from $428.55M to $349.61M.
D
Sell 4/21/2023Downgrade
Canaan Inc. (CAN) was downgraded to D from C- on 4/21/2023 due to a significant decline in the valuation index, efficiency index and growth index. Earnings per share declined from $0.5865 to -$7.6815, net income declined 1,376.15% from $6.73M to -$85.87M, and EBIT declined 1,335.65% from -$8.08M to -$116.04M.
C
Hold 2/13/2023Upgraded
Canaan Inc. (CAN) was upgraded to C- from D+ on 2/13/2023 due to an increase in the volatility index.
D
Sell 12/22/2022Downgrade
Canaan Inc. (CAN) was downgraded to D+ from C- on 12/22/2022 due to a decline in the total return index and volatility index.
C
Hold 12/2/2022Downgrade
Canaan Inc. (CAN) was downgraded to C- from C on 12/2/2022 due to a decline in the total return index and volatility index.
C
Hold 11/17/2022Upgraded
Canaan Inc. (CAN) was upgraded to C from D+ on 11/17/2022 due to a significant increase in the efficiency index and solvency index. The quick ratio increased from 1.2 to 3.1, and total capital increased 9.63% from $630.7M to $691.43M.
D
Sell 9/16/2022Downgrade
Canaan Inc. (CAN) was downgraded to D+ from C- on 9/16/2022 due to a decline in the volatility index and efficiency index.
C
Hold 6/23/2022Upgraded
Canaan Inc. (CAN) was upgraded to C- from D+ on 6/23/2022 due to an increase in the total return index and volatility index.
D
Sell 5/24/2022Downgrade
Canaan Inc. (CAN) was downgraded to D+ from C- on 5/24/2022 due to a major decline in the growth index, solvency index and volatility index. Earnings per share declined from $17.19 to $6.0615, EBIT declined 52% from $189.79M to $91.09M, and total revenue declined 37.49% from $341.74M to $213.62M.
C
Hold 4/29/2022Downgrade
Canaan Inc. (CAN) was downgraded to C- from C on 4/29/2022 due to a significant decline in the efficiency index.
C
Hold 3/29/2022Upgraded
Canaan Inc. (CAN) was upgraded to C from C- on 3/29/2022 due to an increase in the total return index.
C
Hold 3/4/2022Upgraded
Canaan Inc. (CAN) was upgraded to C- from D- on 3/4/2022 due to a significant increase in the valuation index, efficiency index and growth index. Net income increased 38,767.12% from $185.8 to $72.22M, earnings per share increased from $0.018 to $6.1275, and EBIT increased 3,495.48% from -$2.11M to $71.6M.
D
Sell 11/8/2021Downgrade
Canaan Inc. (CAN) was downgraded to D- from D on 11/8/2021 due to a major decline in the solvency index, valuation index and volatility index. The quick ratio declined from 2.3 to 0.94, and debt to equity increased from 0.08 to 0.11.
D
Sell 2/12/2021Upgraded
Canaan Inc. (CAN) was upgraded to D from D- on 2/12/2021 due to a noticeable increase in the total return index and volatility index.
D
Sell 11/27/2020Upgraded
Canaan Inc. (CAN) was upgraded to D- from E+ on 11/27/2020 due to an increase in the growth index, solvency index and volatility index. Earnings per share increased from -$11.3775 to -$0.5475, and EBIT increased 91.03% from -$113.59M to -$10.19M.
E
Sell 8/3/2020Upgraded
Canaan Inc. (CAN) was upgraded to E+ from E on 8/3/2020 due to an increase in the volatility index.
E
Sell 5/1/2020Upgraded
Canaan Inc. (CAN) was upgraded to E from E- on 5/1/2020 due to a large increase in the solvency index and valuation index. The quick ratio increased from 0.85 to 2.44, and debt to equity declined from 0.28 to 0.16.
E
Sell 2/19/2020None
Canaan Inc. (CAN) was downgraded to E- from U on 02/19/2020.
Weiss Ratings