CAN vs. CEVA, EBON, CSIQ, HIMX, SGH, IMOS, AOSL, NVTS, SPWR, and LASR
Should you be buying Canaan stock or one of its competitors? The main competitors of Canaan include CEVA (CEVA), Ebang International (EBON), Canadian Solar (CSIQ), Himax Technologies (HIMX), SMART Global (SGH), ChipMOS TECHNOLOGIES (IMOS), Alpha and Omega Semiconductor (AOSL), Navitas Semiconductor (NVTS), SunPower (SPWR), and nLIGHT (LASR).
Canaan (NASDAQ:CAN) and CEVA (NASDAQ:CEVA) are both small-cap computer and technology companies, but which is the superior investment? We will compare the two companies based on the strength of their community ranking, risk, institutional ownership, dividends, analyst recommendations, valuation, media sentiment, profitability and earnings.
CEVA has lower revenue, but higher earnings than Canaan. CEVA is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.
70.1% of Canaan shares are held by institutional investors. Comparatively, 85.4% of CEVA shares are held by institutional investors. 0.3% of Canaan shares are held by company insiders. Comparatively, 2.4% of CEVA shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Canaan currently has a consensus target price of $4.25, indicating a potential upside of 297.20%. CEVA has a consensus target price of $27.00, indicating a potential upside of 31.90%. Given Canaan's stronger consensus rating and higher probable upside, analysts plainly believe Canaan is more favorable than CEVA.
Canaan has a beta of 3.11, meaning that its share price is 211% more volatile than the S&P 500. Comparatively, CEVA has a beta of 1.16, meaning that its share price is 16% more volatile than the S&P 500.
In the previous week, Canaan had 2 more articles in the media than CEVA. MarketBeat recorded 3 mentions for Canaan and 1 mentions for CEVA. CEVA's average media sentiment score of 1.02 beat Canaan's score of -0.08 indicating that CEVA is being referred to more favorably in the news media.
CEVA received 604 more outperform votes than Canaan when rated by MarketBeat users. Likewise, 75.00% of users gave CEVA an outperform vote while only 61.11% of users gave Canaan an outperform vote.
CEVA has a net margin of -12.91% compared to Canaan's net margin of -192.95%. CEVA's return on equity of -5.70% beat Canaan's return on equity.
Summary
CEVA beats Canaan on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CAN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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