CleanSpark (NASDAQ:CLSK - Get Free Report) is projected to release its earnings data after the market closes on Thursday, February 6th. Analysts expect CleanSpark to post earnings of ($0.11) per share and revenue of $125.54 million for the quarter.
CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its quarterly earnings data on Monday, December 2nd. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.02). CleanSpark had a negative return on equity of 2.36% and a negative net margin of 38.47%. On average, analysts expect CleanSpark to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
CleanSpark Trading Up 6.9 %
CLSK stock traded up $0.71 during trading hours on Thursday, hitting $10.97. 23,887,455 shares of the stock traded hands, compared to its average volume of 23,912,551. The stock has a 50-day simple moving average of $11.73 and a 200 day simple moving average of $11.92. The company has a market cap of $3.21 billion, a P/E ratio of -18.91 and a beta of 4.26. CleanSpark has a one year low of $7.64 and a one year high of $24.72.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of CleanSpark from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $10.50 to $17.00 in a research report on Tuesday, December 10th. HC Wainwright restated a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a report on Tuesday. Macquarie upped their target price on CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Cantor Fitzgerald reissued an "overweight" rating and issued a $23.00 price target on shares of CleanSpark in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods initiated coverage on CleanSpark in a report on Monday. They set an "outperform" rating and a $19.00 price objective on the stock. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, CleanSpark presently has a consensus rating of "Buy" and an average target price of $22.57.
Check Out Our Latest Analysis on CLSK
About CleanSpark
(
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CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.
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