Not a good buy right now for an impatient trader: the trend is still decisively bearish (bearish MA stack + worsening MACD), so odds favor more downside/whipsaw even though it’s oversold.
Oversold RSI (≈15.7) and price sitting on S1 support (~0.594) can produce a quick bounce, but without a proprietary buy signal, it’s not a high-conviction entry.
Near-term direction is likely dominated by the 2026-02-10 pre-market earnings event; buying immediately ahead of it is more of a gamble than a setup.
Price/levels: Pre-market ~0.599, essentially sitting on S1 support (0.594). Next support S2: 0.542. Overhead pivot resistance: 0.678; then R1: 0.762.
Trend: Bearish moving average alignment (SMA_200 > SMA_20 > SMA_5) = established downtrend.
Momentum: MACD histogram -0.0116 and negatively expanding = bearish momentum strengthening, not reversing yet.
Mean reversion: RSI_6 ~15.7 = deeply oversold; bounce potential exists, but it’s counter-trend until MACD/price structure improves.
Pattern-based projection: Similar-pattern stats suggest mild upside bias over 1 week to 1 month, but not strong enough to override the current downtrend.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning/sentiment: Extremely low put-call ratios (OI PCR 0.13; Volume PCR 0.07) signal strongly bullish/speculative sentiment skewed to calls.
Activity: Today’s option volume 21,691 is ~61.7% of the 30-day average (not a spike), while open interest is slightly above the 30-day average (103.6%).
Volatility: Very high IV (30D 169%) vs historical vol (205%); IV percentile ~45.6 suggests elevated but not at extremes—options are expensive, reflecting event risk/uncertainty.
Technical Summary
Sell
8
Buy
4
Positive Catalysts
2026-02-10 pre-market earnings: a positive surprise (EPS/revenue/margins) could spark a sharp short-cover/mean-reversion rally from oversold levels.
Analysts recently reiterated Buy views with multi-dollar price targets (implies large upside vs ~$0.60 if fundamentals stabilize).
Business narrative support: prior commentary highlights mining hardware momentum and self-mining expansion strategy (can improve operating leverage if execution + BTC environment cooperate).
Neutral/Negative Catalysts
toward S2 (0.
quickly.
Financial Performance
Latest reported quarter: 2025/Q3.
Revenue: $150.476M, up +104.43% YoY (strong top-line growth).
Profitability: Net income -$27.743M (still loss-making); EPS down to 0 (reported as -100% YoY change).
Margins: Gross margin 11.05 and sharply down YoY (margin compression is the key negative trend despite revenue growth).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent coverage is constructive overall: BTIG initiated with Buy and a $3 target (2025-12-08); B. Riley kept Buy but cut PT to $2.50 from $3 (2025-11-21).
Net takeaway: Wall Street pros see substantial upside if the mining cycle/fundamentals improve, but the PT trims suggest higher near-term uncertainty and execution/margin risk.
Cons view: profitability and margin volatility; earnings sensitivity to crypto/mining conditions.
Politicians/congress: No recent congress trading data available in the last 90 days.
Wall Street analysts forecast CAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAN is 3.13 USD with a low forecast of 2.5 USD and a high forecast of 4 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast CAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAN is 3.13 USD with a low forecast of 2.5 USD and a high forecast of 4 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.501
Low
2.5
Averages
3.13
High
4
Current: 0.501
Low
2.5
Averages
3.13
High
4
Deutsche Bank
Buy
to
Buy
downgrade
AI Analysis
2026-01-08
Reason
Deutsche Bank
Price Target
AI Analysis
2026-01-08
downgrade
Buy
to
Buy
Reason
Deutsche Bank lowered the firm's price target on Cancom to EUR 31 from EUR 32 and keeps a Buy rating on the shares.
BTIG
initiated
$3
2025-12-08
Reason
BTIG
Price Target
$3
2025-12-08
initiated
Reason
BTIG initiated coverage of Canaan with a Buy rating and $3 price target. Canaan has produced ASIC mining rigs since 2013 and now offers the highly efficient A16 model while also operating a self-mining fleet across eight global data centers and holding about 1,600 BTC, the analyst tells investors in a research note. The company is prioritizing BTC self-mining expansion, greater rig-manufacturing market share, and power-infrastructure access as part of its vertically integrated strategy, the firm says.
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