CleanSpark (NASDAQ:CLSK - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04, Zacks reports. CleanSpark had a negative return on equity of 2.36% and a negative net margin of 38.47%.
CleanSpark Stock Up 0.7 %
CLSK stock traded up $0.07 during midday trading on Thursday, hitting $10.38. The company's stock had a trading volume of 23,246,436 shares, compared to its average volume of 23,133,492. The firm has a 50-day simple moving average of $11.40 and a 200-day simple moving average of $11.64. CleanSpark has a 52-week low of $8.04 and a 52-week high of $24.72. The firm has a market capitalization of $2.91 billion, a P/E ratio of -17.90 and a beta of 4.25.
Analyst Upgrades and Downgrades
CLSK has been the topic of several recent research reports. Keefe, Bruyette & Woods initiated coverage on CleanSpark in a report on Monday, January 27th. They set an "outperform" rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. upgraded CleanSpark from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $10.50 to $17.00 in a report on Tuesday, December 10th. Macquarie lifted their target price on CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, HC Wainwright reissued a "buy" rating and set a $27.00 price target on shares of CleanSpark in a research report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $22.57.
View Our Latest Stock Report on CLSK
CleanSpark Company Profile
(
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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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