CleanSpark (CLSK) Stock Price, News & Analysis

Company Overview

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. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

Key Stats

• Today's Range: $10.64 to $11.31
• 50-Day Range: $9.80 to $17.63
• 52-Week Range: $6.41 to $24.72
• Volume: 28.24 million shs
• Average Volume: 31.75 million shs
• Market Capitalization: $3.26 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $23.17
• Consensus Rating: Buy

CleanSpark Stock Analysis - MarketRank™

CleanSpark scored higher than 50% of companies evaluated by MarketBeat, and ranked 621st out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

CleanSpark has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

CleanSpark has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for CleanSpark are expected to grow in the coming year, from ($0.30) to $0.54 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CleanSpark is -19.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of CleanSpark is -19.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

CleanSpark has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

19.33% of the outstanding shares of CleanSpark have been sold short.

Short Interest Ratio / Days to Cover

CleanSpark has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CleanSpark has recently increased by 13.17%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CleanSpark does not currently pay a dividend.

Dividend Growth

CleanSpark does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

19.33% of the outstanding shares of CleanSpark have been sold short.

Short Interest Ratio / Days to Cover

CleanSpark has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CleanSpark has recently increased by 13.17%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.65

News Sentiment

CleanSpark has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for CleanSpark this week, compared to 11 articles on an average week.

Search Interest

118 people have searched for CLSK on MarketBeat in the last 30 days. This is an increase of 74% compared to the previous 30 days.

MarketBeat Follows

67 people have added CleanSpark to their MarketBeat watchlist in the last 30 days. This is an increase of 123% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, CleanSpark insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $49,504.00 in company stock.

Percentage Held by Insiders

Only 2.99% of the stock of CleanSpark is held by insiders.

Percentage Held by Institutions

43.12% of the stock of CleanSpark is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CLSK Stock Analysis - Frequently Asked Questions

How have CLSK shares performed this year?

CleanSpark's stock was trading at $11.03 at the beginning of 2024. Since then, CLSK shares have increased by 1.0% and is now trading at $11.14.
View the best growth stocks for 2024 here.

How were CleanSpark's earnings last quarter?

CleanSpark, Inc. (NASDAQ:CLSK) announced its quarterly earnings data on Tuesday, December, 14th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by $0.22. The company had revenue of $27.15 million for the quarter, compared to analyst estimates of $22.42 million. CleanSpark had a negative trailing twelve-month return on equity of 2.36% and a negative net margin of 38.47%.

Who are CleanSpark's major shareholders?

Top institutional investors of CleanSpark include Geode Capital Management LLC (2.43%), State Street Corp (2.40%), Charles Schwab Investment Management Inc. (0.87%) and Van ECK Associates Corp (0.63%). Insiders that own company stock include Zachary Bradford, S Matthew Schultz, Gary Anthony Vecchiarelli, Larry Mcneill, Taylor Monnig, Roger Paul Beynon and Thomas Leigh Wood.
View institutional ownership trends.

How do I buy shares of CleanSpark?

Shares of CLSK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CleanSpark own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CleanSpark investors own include Zomedica (ZOM), NVIDIA (NVDA), Humana (HUM), American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 12/14/2021
• Today: 12/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CLSK
• CUSIP: N/A
• CIK: 827876
• Web: www.cleanspark.com
• Phone: (702) 941-8047
• Fax: N/A
• Employees: 130
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $23.17
• High Stock Price Target: $27.00
• Low Stock Price Target: $17.00
• Potential Upside/Downside: +108.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.58)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-145,780,000.00
• Net Margins: -38.47%
• Pretax Margin: -37.58%
• Return on Equity: -2.36%
• Return on Assets: -2.18%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.75
• Quick Ratio: 3.75

Sales & Book Value

• Annual Sales: $378.97 million
• Price / Sales: 8.60
• Cash Flow: $0.42 per share
• Price / Cash Flow: 26.30
• Book Value: $6.96 per share
• Price / Book: 1.60

Miscellaneous

• Outstanding Shares: 292,562,000
• Free Float: 283,814,000
• Market Cap: $3.26 billion
• Optionable: Optionable
• Beta: 4.16