Canaan (NASDAQ:CAN – Get Free Report) and Corsair Gaming (NASDAQ:CRSR – Get Free Report) are both small-cap technology companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends and risk.
Risk & Volatility
Canaan has a beta of 2.62, indicating that its stock price is 162% more volatile than the S&P 500. Comparatively, Corsair Gaming has a beta of 1.85, indicating that its stock price is 85% more volatile than the S&P 500.
Profitability
This table compares Canaan and Corsair Gaming’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Canaan | -41.71% | -55.84% | -35.47% |
| Corsair Gaming | 2.36% | 13.10% | 6.88% |
Valuation and Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Canaan | $529.73 million | 0.51 | -$210.27 million | ($0.34) | -1.12 |
| Corsair Gaming | $1.47 billion | 0.88 | -$12.47 million | $0.30 | 40.00 |
Corsair Gaming has higher revenue and earnings than Canaan. Canaan is trading at a lower price-to-earnings ratio than Corsair Gaming, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership
70.1% of Canaan shares are owned by institutional investors. Comparatively, 25.7% of Corsair Gaming shares are owned by institutional investors. 0.3% of Canaan shares are owned by company insiders. Comparatively, 54.5% of Corsair Gaming shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Analyst Recommendations
This is a summary of recent ratings and price targets for Canaan and Corsair Gaming, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Canaan | 1 | 0 | 6 | 0 | 2.71 |
| Corsair Gaming | 1 | 3 | 4 | 1 | 2.56 |
Canaan currently has a consensus price target of $2.01, indicating a potential upside of 428.51%. Corsair Gaming has a consensus price target of $12.00, indicating a potential upside of 0.00%. Given Canaan’s stronger consensus rating and higher possible upside, research analysts clearly believe Canaan is more favorable than Corsair Gaming.
Summary
Corsair Gaming beats Canaan on 10 of the 15 factors compared between the two stocks.
About Canaan
Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.
About Corsair Gaming
Corsair Gaming, Inc., together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. Corsair Gaming, Inc. was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc in August 2017. The company was incorporated in 1994 and is headquartered in Milpitas, California.
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