Shares of CleanSpark, Inc. (NASDAQ:CLSK – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.13.
Several equities analysts recently weighed in on the stock. Cantor Fitzgerald increased their price target on shares of CleanSpark from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 3rd. Chardan Capital reiterated a “buy” rating and issued a $26.00 price target on shares of CleanSpark in a report on Monday, May 13th. JPMorgan Chase & Co. cut their price target on shares of CleanSpark from $15.00 to $12.50 and set a “neutral” rating on the stock in a report on Tuesday, June 4th. Finally, HC Wainwright reiterated a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Friday, June 28th.
View Our Latest Stock Analysis on CleanSpark
Institutional Investors Weigh In On CleanSpark
CleanSpark Trading Down 10.5 %
Shares of CleanSpark stock opened at $17.07 on Friday. The company has a 50-day simple moving average of $16.90 and a two-hundred day simple moving average of $15.52. CleanSpark has a one year low of $3.38 and a one year high of $24.72.
CleanSpark (NASDAQ:CLSK – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. CleanSpark had a net margin of 22.41% and a negative return on equity of 6.30%. The firm had revenue of $111.80 million for the quarter, compared to the consensus estimate of $111.11 million. As a group, sell-side analysts anticipate that CleanSpark will post -0.09 earnings per share for the current year.
CleanSpark Company Profile
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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